|reply to rradina |
Re: Afraid of competition?
said by rradina:The so called "green energy" industry (including Obama campaign contributors) now receives tens of $Billions in subsidies while the traditional fossil fuel industry now receives less than $5 Billion and regardless of where the money goes much of it is borrowed money. Some corporations such as GE don't seem to pay any federal income tax and don't think there aren't government contracts awarded as political payoffs (by incumbents of both parties) rather than strictly on merit. Then there is the whole matter of the regulated effectively writing the regulations (often to the detriment of the American public) and that's a huge one for the U.S. telecommunications industry.
I'm not taking sides because the US does a lot of corporate welfare in the form of deductions that are designed to encourage certain behavior.
Whether or not Huawei became a telecommunications giant legitimately or through infringing intellectual property and help from the Chinese government is a fair trade and antitrust concern. Too bad our (no longer for the people) government has very little high moral ground left to stand on.