Interview

by Malcolm Riddell

Interview: Prestowitz
3

3 | 'Made in America'

CHINADebate

Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'

CHINADebate

Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'

CHINADebate

3 | 'Made in America'
3 | 'Made in America'
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Interview: Prestowitz

3

June 13, 2021
BIG IDEA | ‘President Biden made the statement in a speech: “Buy American. Make it in America.” Why can't we make wind turbines in Pittsburgh, as well as in Beijing?’

Malcolm: ‘Let me go back to your earlier point about the US and the West, its being imperative that they win in these tech races and the other things that are involved in Made in China 2025.'

  • ‘In the US especially, we have grown to doubt government's role in industry directly, and even sometimes indirectly. China is very active in promoting the Made in China 2025 initiative plus a lot more. Is there a role for the US government in developing our industries to win?'

Clyde: ‘Absolutely. De facto, our government has, and does play a very significant role in a lot of industries. Take the aviation industry, for example.'

  • ‘Most people think of Boeing as a company that makes commercial airliners, but it makes a lot of jets for the military as well.'
  • ‘None of the aviation countries in the world would be what they are had they not had a government help somewhere along the line.'

‘President Biden made the statement in a speech: “Buy America. Make it in America.” Why can't we make wind turbines in Pittsburgh, as well as in Beijing?'

  • ‘Biden has got the right idea. We have companies in America that make turbines, and what Biden is saying is, "Okay. Let's have the companies and the government sit down together and ask ourselves, what is it that needs to be done to enable American turbine companies to compete with Chinese turbine companies, and whatever it is, let's do it." ’
  • ‘The government can help in some ways with regulations or financing or whatever, but it can be done.'

‘We're already seeing that. The semiconductor industry in the Infrastructure Bill that Biden is proposing, I think the semiconductor industry is tagged for something like $50 billion to shore up the production of chips. This is a very important point.'

  • ‘Many people imagine that the United States is the leader in semiconductors, and it is in the design of semiconductors.'

‘You may have read recently that Apple and Amazon are going to begin making their own chips.'

  • ‘That is false.'
  • ‘They will design their own chips, but their chips are going to actually be fabricated, made, produced by TSMC, Taiwan Semiconductor Manufacturing Company in Taiwan.'

‘And why is that? Because the US chip makers have fallen behind.'

  • 'TSMC is today the leading chipmaker in the world. Number two is Samsung in Korea. Number three is Intel in America - Intel used to be the top guy.'
  • ‘Out of this Biden infrastructure program, Intel will get maybe a bit of help in recovering its competitiveness in actually making semiconductor chips.'

'I love TSMC. I’ve known the founder, Morris Chang, for 40 years.'

  • 'But to have the world's most important chip company in Taiwan right now, is that dangerous?'
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‘In our discussions, you've identified five themes that have been more or less consistent throughout the history of the party but have oscillated between different points on a continuum:’
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Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'

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'Forget about China': Clyde Prestowitz

Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'
6/13/2021

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Interview

Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'

Interview: Prestowitz

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1 | The Interview: Clyde Prestowitz

‘I have spent a lot of time negotiating with countries around the world, but particularly with China, Japan, and Korea, in pursuit of American attempts, to persuade them to change their policies and change their objectives, and the way that they pursue building their economies. And I have come to the conclusion that they're not going to change.'
Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'
6/13/2021

CHINADebate

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Interview

Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'

Interview: Prestowitz

2

2 | 'Shame on You'

‘The bottom line really is that if you're a major American company, and you're doing a lot of business in China, effectively, you are contributing to the torture of the weavers, to the crackdown in Hong Kong, to the threat to Taiwan.’
Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'
6/13/2021

CHINADebate

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Interview

Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'

Interview: Prestowitz

4

4 | The Chinese System

'Now, how does The China Daily get into The Washington Post? It gets there because the United Front Work Department of the Chinese Communist Party is funding that. And so it's a whole of society attack.
Clyde Prestowitz | Founder and President of the Economic Strategy Institute & author of 'The World Turned Upside Down: America, China, and the Struggle for Global Leadership'
6/13/2021

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‘We must make regime change in China the highest goal of our strategy towards that country.’ ‘The US and its allies cannot dictate to China the political system by which it is governed. But they can and must engineer conditions which embolden and enable those in China who also want regime change to achieve it.’
Roger Garside | former British diplomat in Beijing, development banker, & capital market development advisor, and author of 'Coming Alive: China After Mao' and a new book 'China Coup: The Great Leap to Freedom.'
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School of Advanced International Studies(SAIS)

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‘But what's happened now is that Southeast Asia is rich enough to contemplate such infrastructure and that the Chinese have the technology, money, and high-speed rail industry so that they can both finance or help finance and build it.’
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