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        <title>Clinton: "You will never compete and win against [China] unless you take back the means of production."</title>
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        <description>Hillary Clinton discusses strategic problems facing the imperial core with regard to China. Transcript: Clinton: "You know, there is such a continuing anxiety about upsetting the Chinese, and there are two big reasons for that. One, Henry Kissinger mentioned, maybe some unintended consequence of war down the road somewhere. But also the economic issue. And here it's time we recognize that we need to rebuild our own supply chains, even if that requires a certain level of subsidized industrial productivity. We cannot be dependent on the Chinese market. It's not only bad for our economies, it is bad for our geopolitical strategic interests. Look at what happened with the lack of personal protective equipment or certain pharmaceutical ingredients when the pandemic hit. We were at the mercy of China. Well, we cannot let that continue and we need to work together across the Atlantic to figure out how we're going to take back production. Now, will it be as low cost? Of course not. And how do we set our tax systems and other arrangements so that there are incentives for our businesses to return to Western democracies to produce things? And I would- I would add that more and more businesses are seeing that, unless they are low-cost producers of retail clothing - which, you know, probably will never come back for all the obvious reasons - but if they are producing anything more sophisticated, increasingly the Chinese government, through coercion, through unfair regulation, through enforced partnerships or royalty agreements, is slowly stealing that intellectual property anyway. So, I do think that we've got to get smarter about how we deal with the economic threat and for people who say, 'Oh, well, you know that- that- that disrupts the market,' CHINA has disrupted the market! China is not a free market economy. We tried. We let them into the world trade organization, we sent our businesses over there, we made trade deals! They are a controlled, top-down economy. You will never compete and win against them unless you take back the means of production." Clip is from a Chatham House discussion from May 5, 2021. "The future of liberal democracies: In conversation with William Hague and Hillary Clinton" (https://www.youtube.com/watch?v=CHUdbhnvlR4) (@39:55)</description>
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