Quote:
Originally Posted by jeff5may
...They were fighting a legal and political battle with China over intellectual property and patent rights of neodymium rare earth magnets. The Chinese were violating patent laws in producing raw material and finished goods, using vacuum sintering methods we had developed. This was costing the company millions of dollars per month in lost revenues as well as residual IP licensing royalties...
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Don't get too indignant, China's game is exactly the game that the fledgling USA played in the beginning with England.
They had all the tech, and demanded that they be payed for use of the technology.
The USA ignored the patents, because we had a country to build... it worked.
I think that what's really at stake is 'national will'.
We don't have it anymore, and there's no sign that we will ever get it back.
I had dinner with a very interesting guy who had lived and traveled in China for about three years, he had the opportunity to meet with citizens of China at nearly every level.
He was struck by the fact that at every social level, everyone he spoke to was fully convinced that now is the time for China's place in the sun.
They are all deeply convinced, and they are willing to sacrifice to make it come true.
How do you match something like that?
Also, China's strategic planning runs in decades and centuries.
Ours runs in quarters of a year...
I think that wealthy families in the USA have been positioning themselves for other options, for about the last 50 years. That is why manufacturing is moving out.
-AC