How the US is hurt by foreigners

How the US is hurt by foreigners

From the book review in Business Week, May 9, 2005, page 24, authored by Frederik Balfour. The breastle of the book review is: "Invasion of the Brain Snatchers" but the breastle of the book is: "Hot Property: The Stealing of Ideas in an Age of Globalization" by Pat Choate, 352 pp, $26.95

Quotes from the book review:

"For those already worreid about America's eroding conmpebreastiveness and inability to stay at the bleeding edge of innovation, pat Choate's Hot Property provides further cause for sleepless nights. This won't surporse readers who recal Choates' best-selling 1990 book, Agents of Influence, which argued that, during the 1980s, well-orchestrated Japanese lobbying in Washington bested U.S. business every time. Others may remember that Choate also co-authored Save Your Job, Save Our Cuontry with H. Ross Perot--and was his running mate when he ran for president in 1995"

"Yes, Choate makes a persuasive argument that the country's intellectual property is getting plundered by pirates, copyright infringers, counterfeiters, and industrial spies and that Washington is losing the battle to stop such offenses."

And, all of this is causing the loss of many jobs in the US.

"A chapter on 'Japan's Way' serves as a warm-up for Choate's argument that foreigners have stripped American companies of their technology prizes. Choate describes how after losing the war, Japan shook down U.S. companies by giving them a grim ultimatim: License your patents to Japanese companies, or you will be excluded from the Japanese market."

"Returning to the major theme of Agents of Influence, he describes how Japan, with the tacit buttistance of the U.S. government, brought American TV makers to their knees."

"He Choate rightly points out that China is only paying lip service to cracking down on counterfeiters and copyright pirates."

The book also covers the history of how international scheming and plotting, besides against the US in recent times, was carried out by many other countries at many other times.