Exactly! If America wants to stay in power, at least have a plan for the world to improve everyone's lives. Keeping power for the sake of telling everyone what to do doesn't work just like it won't work when children become adults! Imagine how grateful everyone would be if America actually gave a shit to help lift everyone up. Let's move on from zero sum and do better.
Look inwards for the problems US is facing in international affairs. The US government is constantly introducing societal reforms and micromanaging the whole social, economic, and international affairs. Yet who regulates the US political system. One hears lot of talk of 'founding fathers' and the making of the US Constitution of yesteryear, but its practice and following has been subject only in schools and academia.
The US wants to isolate China in international space cooperation, only now ended up isolating itself from China's internationalized space programs including space station.
Finished this hour long video, I am curious this guest Mitch Presnick had such in-depth understanding about China and difficulty in USA-China relation, so I quickly checked out. Mr Presnick, born in early 1970's and grew up in New York USA and used to the "mover-shaker" mentality in his formative years He somehow went to China in 1988 ( approaching the end of Deng era ) and started his business steps by steps and continued living there for 30 years. Because he was a hotelier opening, owning and operating multiple hotels everywhere in China, So he had contacted with many business and government levels, and understood the good and the bad and strength and weakness of China very well.
This was an excellent interview with someone who actually understands China. I look forward to Presnick being invited onto mainstream media programs. Oh... wait... That can't happen.
I would switch to EV and install solar immediately, but I won't until the US ends the stupid tariffs on Chinese solar and EV and give customers a fair market price, not overpriced junk just because it's built in the US.
For the US, it is overcapacity because it cannot complete and will not sacrifice its fossil based industry. For the rest of the world, it is huge demand for Chinese supply to be able to overcome the energy transition. Double standards is what the world calls the so-called overcapacity fabrication.
To think the, American can understand China is farfetched. Understanding 5000 years of history and cultyre is not an easy feat, let alone counteracting them. Humility and respect win the day!
Greetings from Quincy, Massachusetts!! 7:50. My “unelevated mind” tuned into this video to hear this side of the argument and how the argument has changed since the fun really began around me in 2016. 1:02:00. FYI. The argument has eroded and is missing some big pieces. As to MIT, the Academic Quad is a few miles down the road. The day is cloudy and cool. May I suggest going there, sitting on the bench in front of the Quad on the Charles River and make a few observations about the prima facie.
That's interesting what Mitch Presnick said, that in the business world there is a need to focus on short-term goals. China has huge long-term plans! One key to long-term planning I believe is to have redundancy so that bumps in the economy can be absorbed, and therefore China's current economic crisis is then just one of those bumps.
So true. They are utterly incapable of putting their ideological blinds at bay. That's the problem with these institutes. A lot of ideology, and not so much curiosity.
you can't reshore manufacturing until you deal with the elephant in the room: foreign debt in USD. as bank lend USD globally, and the amount of debt denominated in USD is over 200 trillion, the interest payment from those debt is enough to push USD up as foreign country buy USD to repay the interest. this makes US product price in USD uncompetitive. the financial system in the US is just too dominate on the economy. you can't fix that, what are you going to do? close down the bank? that would be worst of the economy. so we really need to be honest, manufacturing is not coming back to the US. not without severely damaging the banking sector. I really hope we have very serious policy discussion. it is rather scary that after 16 year has passed from the finanical crisis, US still does not appear to have a down to earth economy policy for the future. we are still talking about what we want to see politically, as oppose to what is physically achievable. it is difficult to talk about China US cooperation, when US does not seem to be cooperating with itself, more push to depolarization of the country is needed, if US allow politic to control policy, US will not be able to solve it internal problem. and if it can't even resolve differences within itself, how does it possibly have a chance of resolving differences with others? EV for example, US is still arguing in itself if it should support EV, how do we as businesses find confidence to invest if the government doesn't even know what it wants? for now I think most of us, probably the chinese government as well, is just waiting to see who win the election. the lack of policy continuity make it impossible to make long term investment.
Bottomline China can make hard decisions for long term strategic goals. US can't bc of its election cycles. China's political mechanisms are constantly changing where US US ossified mired in the belief of its exceptionalism that cannot compete ( which frankly deliver a choice of two equally incompetent geriatrics)
This guy takes on the Chinese rhetoric so well, what a pity for all the oriental philosophy studies 😂😂😂. Please be reminded Confucius was officially ousted multiple times in his homeland.
The notion of waiting for 100 years so younger & smarter generation can resolve it is totally wrong take on Mitch, all the rest is right on the money! What a pity the stupid congress and people on power won’t find and use this kind of clear head person
![[Full] 4 ต่อ 4 Celebrity EP.922 | 10 พ.ย. 67 | one31](http://i.ytimg.com/vi/zmV5HRIxIBI/mqdefault.jpg)
When he says overcapacity, you already know where this talk is going 😂😂😂
Exactly! If America wants to stay in power, at least have a plan for the world to improve everyone's lives. Keeping power for the sake of telling everyone what to do doesn't work just like it won't work when children become adults! Imagine how grateful everyone would be if America actually gave a shit to help lift everyone up. Let's move on from zero sum and do better.
Tell the Chinese about letting everyone have a say 😂😂😂
Look inwards for the problems US is facing in international affairs.
The US government is constantly introducing societal reforms and micromanaging the whole social, economic, and international affairs.
Yet who regulates the US political system. One hears lot of talk of 'founding fathers' and the making of the US Constitution of yesteryear, but its practice and following has been subject only in schools and academia.
The US wants to isolate China in international space cooperation, only now ended up isolating itself from China's internationalized space programs including space station.
The american leaders' rethorics has rather quickly moved from "competitor" to "adversary" to "enemy". This madness needs to cease.
If you can stop the changing world 😂😂😂
A very knowledgeable voice in the Sino. American relationship
Finished this hour long video, I am curious this guest Mitch Presnick had such in-depth understanding about China and difficulty in USA-China relation, so I quickly checked out.
Mr Presnick, born in early 1970's and grew up in New York USA and used to the "mover-shaker" mentality in his formative years He somehow went to China in 1988 ( approaching the end of Deng era ) and started his business steps by steps and continued living there for 30 years.
Because he was a hotelier opening, owning and operating multiple hotels everywhere in China, So he had contacted with many business and government levels, and understood the good and the bad and strength and weakness of China very well.
Thankyou for bothering to research mate!
Presnick is a badass. Let's go! The middle way benefits everyone.
This was an excellent interview with someone who actually understands China. I look forward to Presnick being invited onto mainstream media programs. Oh... wait... That can't happen.
I would switch to EV and install solar immediately, but I won't until the US ends the stupid tariffs on Chinese solar and EV and give customers a fair market price, not overpriced junk just because it's built in the US.
win-win collaboration!
unfortunately US politicians only know zero-sum games
😁 yes‼️ our politicians and corporations only thinking of short-term PROFITS. ✌️✌️✌️
Win win no more my dear. Communists are communist after all all, and capitalists are Capitalists
@@qake2021the corporations and the elites who control them are thinking only gir their survival.
Who is all about us vs them? Never heard what jingchanrong has to say? 😂😂
Mitch Presnick brought something new to the table. I am a fan.
For the US, it is overcapacity because it cannot complete and will not sacrifice its fossil based industry. For the rest of the world, it is huge demand for Chinese supply to be able to overcome the energy transition. Double standards is what the world calls the so-called overcapacity fabrication.
So far, most reasonable and insightful and non-hateful speech on this issue from an American elite. 😂😂😂
He's married to a Han Chinese.
@@zhugeliang3905 still tons of Americans with Chinese wives are still China haters in the US, including lots of Chinese Americans.
To think the, American can understand China is farfetched. Understanding 5000 years of history and cultyre is not an easy feat, let alone counteracting them. Humility and respect win the day!
American competition against China mostly has been carried out only on the sanctions.
Greetings from Quincy, Massachusetts!! 7:50. My “unelevated mind” tuned into this video to hear this side of the argument and how the argument has changed since the fun really began around me in 2016. 1:02:00. FYI. The argument has eroded and is missing some big pieces. As to MIT, the Academic Quad is a few miles down the road. The day is cloudy and cool. May I suggest going there, sitting on the bench in front of the Quad on the Charles River and make a few observations about the prima facie.
That's interesting what Mitch Presnick said, that in the business world there is a need to focus on short-term goals. China has huge long-term plans! One key to long-term planning I believe is to have redundancy so that bumps in the economy can be absorbed, and therefore China's current economic crisis is then just one of those bumps.
China's economic crisis? And what about the US economic crisis?
@@aachoocrony5754 My guess is that the U.S. is using more like short-term solutions. And "“Never let a good crisis go to waste.”
@@Anders01 yes, agree. I misread your last sentence to mean that the 'US absorbs China's current economic crisis'.
@@aachoocrony5754for US to clean up after the Chinese??
@@anwiycti1585 that's what I thought he meant. Read too fast.
Again the buzz word “over capacity”! As long as there is demand, nothing can be said about overcapacity!
Hope America becomes such a country like China.
Great content, I wish all the think tank in the west has the mindset and knowledge of Mitch
Balanced, nuanced and constructive. The views espoused by talks of the Hudson institute or the hoover institute are in comparison so ludicrous.
So true. They are utterly incapable of putting their ideological blinds at bay. That's the problem with these institutes. A lot of ideology, and not so much curiosity.
you can't reshore manufacturing until you deal with the elephant in the room: foreign debt in USD. as bank lend USD globally, and the amount of debt denominated in USD is over 200 trillion, the interest payment from those debt is enough to push USD up as foreign country buy USD to repay the interest. this makes US product price in USD uncompetitive. the financial system in the US is just too dominate on the economy. you can't fix that, what are you going to do? close down the bank? that would be worst of the economy. so we really need to be honest, manufacturing is not coming back to the US. not without severely damaging the banking sector.
I really hope we have very serious policy discussion. it is rather scary that after 16 year has passed from the finanical crisis, US still does not appear to have a down to earth economy policy for the future. we are still talking about what we want to see politically, as oppose to what is physically achievable. it is difficult to talk about China US cooperation, when US does not seem to be cooperating with itself, more push to depolarization of the country is needed, if US allow politic to control policy, US will not be able to solve it internal problem. and if it can't even resolve differences within itself, how does it possibly have a chance of resolving differences with others? EV for example, US is still arguing in itself if it should support EV, how do we as businesses find confidence to invest if the government doesn't even know what it wants?
for now I think most of us, probably the chinese government as well, is just waiting to see who win the election. the lack of policy continuity make it impossible to make long term investment.
No1 carbon emissions come from India now Harvard Guy
Thank you
Bottomline China can make hard decisions for long term strategic goals. US can't bc of its election cycles.
China's political mechanisms are constantly changing where US US ossified mired in the belief of its exceptionalism that cannot compete ( which frankly deliver a choice of two equally incompetent geriatrics)
This guy takes on the Chinese rhetoric so well, what a pity for all the oriental philosophy studies 😂😂😂. Please be reminded Confucius was officially ousted multiple times in his homeland.
Long live Chairman Xi and the CCP 🇨🇳
May the good Lord continue to bless PRC, Fahd from KL
No longer wish to remain submissive, taking only 5% of margin (vs foreign entities taking 95%).
Yes, but the problem is that US can't compete. That's why it behaves the way it does.
😯 🇺🇲 still think 🇨🇳 in 1990 or earlier. ✌️✌️✌️🤣🤣🤣
😁 Biden is still live in the 1970s and Trump is in the 1980s. 🤞🤞🤞🤞🤞😁
US presidents would think better if they get a 10-12 year term without any possibility of re-election. Re-election is the poison to our system.
Lost it after 5min. into it... sad
Hernandez Deborah Young Maria Young Mary
Troubling is CPC China territorial expansionist plans
lmao thanks for the comedic relief 😂😂
👏👏👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👍✌️✌️
👍🇨🇳🇨🇳🇨🇳👍👏👏👏👏✌️
Another carry on with the current US Govt narratives. Absolutely disagree with his analysis
Professional babller
Harvard is becoming a joke ..
The notion of waiting for 100 years so younger & smarter generation can resolve it is totally wrong take on Mitch, all the rest is right on the money! What a pity the stupid congress and people on power won’t find and use this kind of clear head person
👌👌👌 agreed 👍👍👍
Because the congress won't understand what these people are talking about🤣
The younger generation and Congress are hand picked for their agenda.
@@grasshopper3918 Half of Congress is profoundly xenophobic anyway and for most the last time they showed any interest in China was in 1995.
The guest Mitch showed deep understanding and excellent points of view.
Just do not know if Mitch is leaning on business or academic field.