a song that they were bound to and presidents pay most of us secretary of state is made of social media post about the great amount of those 3 and sleeping can this is a touch the easy what time just in any 100 percent of the victims and the same long as i hate to see what the ones doing most of the killer who's who s mcmann, my majority extreme is masika, but to seize with shocking speed and birth policy, or the time to touch the legs were, were on these patriotic friends, gained control of the country, hundreds of thousands of london's with dead and 2000000 refugees of sledge for wanda, exacerbating what had already become a full blown humanitarian crisis. political list out. but with that symbol, i say said dentist, that that genocide kind of be punished will condemn if it isn't recognized. the people need to remember is that denial of genocide, which is exactly what secretary blinking did. denial of genocide is another crime. you can never, never be failed. genocide not punished does it unless it is. if you comp name it,

if you've gone to recognize it, actually the definition of, of genocide is, is well defined and the different stages. and the last stage actually do up the genocide is genocide denial. so by doing this, like putting everybody in the same thing like that where there were different victims. no, that is part of the denial. so. so in reality, the genocide target that the to see people die because what they wear. so do united states here really at this time is the last country in the world. it has the nice your money for the runners, for at least 6 offices have been killed in a militant group attack and say police cause and a wrong that says done. and police has done provence. the vehicles with monitoring the road between 2 cities and the region. a warning for you, disturbing images are ahead. the dry is idle. a terrorist group has taken

responsibility for the attack. they conduct today talk you through the cells on the is on that revolutionary governance corps headquarters to stay as it go kind of get least 11 if the security force members. so each otto was phones in 2012 and this included on the wrong terrorism blacklist. while for more details on all of these stories, you can check our website all t adult. com. i'll be back with more of the latest news on face in about 30 minutes . i hope to see you then the the, or the power buddy program. nope, we now post

a show every day used to be weekly. now we're doing this daily and we hold no punches as i like to say. so look for a true um, number one. china tells us if it wants to talk free market talk, it needs to also walk the free market walk truth number 2. just how socialist is the us economy. 20 socialist. if you're wealthy trip item number 3. as speaking of a socialist who set a fire a bernie sanders office? i'm or tranches and this, this is direct impact. the . so the us treasury secretary goes to china and what does janet jaelyn do?

she lectures the chinese government on how to properly run its own economy, hinting that they, they, the chinese don't seem to understand the proper principles of free trade or a free market based system. here's just part of yelling, slide sure that we intend to underscore is indeed for a shift in policy by china. during these talks, building on the po for 2 hours, i spent on this topic with the vice premier last week. this is part of our efforts to advocate for american industries and prevent the significant economic disruptions we've seen in the past advocate for american industries. they have to shift their policies, what she's. ringback really suggesting when she says that china has to change its

policy, is the china is making too many products that americans want. and often those products are, are better products. and they're less expensive than what we make ourselves or import from other western countries. now, if that sounds like the state telling businesses what they can or can't produce or should produce or how they should produce it. by golly, you're right. which is why the chinese premier lee chan fired back saying, no. he says it's the wes, but needs to change its policies and be more market driven. here's what he actually says. he goes on to say, he says it is hoped that the united states will abide by the basic norms of market economy, including fair competition and open cooperation refrain from turning economic and trade issues into political or security issues,

and viewing issue of production capacity objectively. and dialectic late from a market market oriented and global perspective. so wait a minute. what did we does here? china telling the us it needs to be more pro market heart we here in the u. s. supposed to be the beacon of free market thinking. are those folks in china just a bunch of companies? after all, we hear that kind of talk 247 in the western media. we certainly here in congress and in the senate and from anybody running for president. here's republican tom gotten, for example, questioning the c o a tick tock. now this guy, he's got to be a communist, right. have you ever been a member of the chinese communist party? set it on single point? no. have you ever been associated or affiliated with the chinese communist party? no sen again. not a single porton. all right, that's a republican. here's

a democrat who is a member of a china select committee, never knew there was a trying to select committee. here's the, here's the guy who runs a china select committee, which i guess is there to teach, trying to how to be more like us. what a success look like. to be with you jack. the mission of this community is to fault . we want to rise above day to day politics to charts, long term sound strategy for competition with the chinese communist party. there it is, but the chinese communist party chinese communist party here that all the time, strong words threatening, right? in other words, they're communist. they're not, god fearing they're not market driven, they're not freedom loving like us. in fact, heaven forbid that we should fab or become anything like them. right? we renew our resolve. that america will never be

a socialist country the, there it is. never had as president donald trump during the state of the union speech, delivering the chief m a z live guarantee to get a standing ovation. unfortunately, for people like him, it's too late to say for the wealthy in america, there's plenty of socialism and they get to revolve the benefits of it. but if you're just a working staff, a guy trying to feed your family, then you, my friend, you get capitalism and lots of it will take you through it by giving you some examples of what happens to that person in your work and do it or a working woman and you can't pay your bills or pay alone because you've got sac or had a bad month in america. the bank comes out to you and they can sometimes even take your house. and if you just for missing a couple of payments, for example, maybe

a couple $1000.00 you're done. mean you're, you're in, you're in a bad way. you can end up on the street. but now, you know what happens with that same bank, but just put you on the street sales in the united states. the government steps in and says, don't worry, we got you covered after the 2008 meltdown. we're banks got greedy, fat, stupid, and screwed up the entire system. what happened? well, here's what happens with us. government took your money. if you're a tax payer in the united states, i took your money that you paid taxes and they gave it to them because they're too big and they're too important. not like you. you're not that big. you're not that import. pay are. now, wouldn't you call it corporate welfare? can you say that when the government gives corporations money to run their businesses? that is by definition, socialism with

a capital s. perhaps that's what we're told that china does, right? but then what, what we call this u. s. banks get $83000000000.00 a year in subsidies because they're too big to fail into important that are packed by the federal government. that means no matter how bad they screw up, no matter what they know. we're going to take care of them. you say china, that's the way it's done. china wait. isn't that what we say they do? i'm confused. so, so just to be clear that the guys who run the bags, they get millions of dollars. the upper management even get a bonus pool of $34000000000.00 a year. you want to know how much a bank teller makes, on average in the united states. $15.00 an hour. see, a bank teller. he gets the benefits of capitalism. now let's talk about cars. when

the management of general motors was on the brink of letting their company go under the u. s. government step right up. so don't you worry, you know, don't worry, be happy. we made sure bad. uh and they did, they made sure the general motors and its owners didn't suffer. they gave them $600000000.00 in bail out money, and then another $500000000.00 in tax breaks. oh. and the c o 2 was in charge. who kind of was did a horrible job. i mean, she screwed up a company right. or where it got screwed up while she was in charge. she got a $22000000.00 severance package. here's $22000000000.00. thank you very much. gong your fire. my god. and what about g? i'm workers, you ask. oh, the workers. that's right. $14000.00 of them were laid off. like go. what was that? again, mr. president, we renew our resolve or that america will never be

a socialist country. now let's talk about farm subsidies. you've probably heard of those few companies in the world are blessed with more of the benefits of socialism. then the agricultural industries that are made up by companies like monsanto and so many others. and they never have to worry about beating the competition and making sure that people buy their products, know it's guaranteed they're guaranteed to succeed. because the u. s. government takes care of that for the. so i checked. and here's what i found over the past 5 years. if you pay taxes in the united states of america, right? they take your money because if it was given according to the research we did, they take money that you paid in taxes and they give it to jaya agribusiness

corporations as a subsidy to make sure that they can succeed. so how much do you, do you think you gave over the past 5 years? $478000000000.00 that you paid in taxes. because apparently they to these other business corporations. they 2 are too big to fail. makes you wonder, doesn't it? all that talk about socialism and communism and how do we need to make sure we're never like them those chinese, by golly, me joining us now, sir. i've got the senior asia pacific relations policy expert at the institute of china, american studies with more than 2 decades of experience right here in washington dc studying this type of thing. i don't know where to start, but you know, i came to hear yelling yesterday or whatever the hell. she said, these things that,

oh try now you need to be more like us. you gotta change your ways. by golly, we did show you the promise land. we're the ones who know how to be free market pro market, etc. and you say what to miss yellow mr. group, the is a good to be able to do right. first of all, what i would tell mrs. yelling is that go to china and you will see free market capitalism really taking shape in the country. and that is something which is which can be loaned from china as a country in terms of its market, does not big when us all protect incumbents. it has very low entry barriers and makes companies, makes funds compete ruthlessly where the chinese state does step in is provide infrastructure and in certain new industries as we see in solar electric. but it

goes, it helps create markets at scale. but once it does help create that market at scale, it makes them fight like cats and dogs to compete, survives and to prosper. and that's why we have chinese companies today, and in other sectors. also prospering, not just at home, but internationally. that is what company do, what capitalism is about. it is really having low entry barriers and making the best succeed through a process of grinding competition. and you will see that happen in china. so what do you, what do you say to all these uh, us politicians. republicans are most noteworthy for doing this because i think they wanna somehow say that their competition, the democrats or joe biden, for example, is really a chinese communist, or he's a kid. and the chinese communist we, we keep hearing by the way, they're not the only ones we hear from democrats as well to be fair. but we keep hearing that word all those communist, those come me this,

those coming. this is like a buzz word. what do you, what do you think, given what you just said to me when you hear that this what i think is at this point of time this, they're trying to create a differentiation. you know, like the usual differentiation, the us government always creates the always, from the people of the country, but not for that regime of the country. we have, obviously play as of most times it's directed against the people of that country. and in this case, they wanted to be, they want to say, we're not against the chinese people, but we against the chinese communist sparky. and considering it's communism is the, is a duty board. that's why you have everything, even the house, select committees, call it, and of the house of the company of china. it's on the chinese communist sparking, and hoping to be in smell of them. what i will let them live that i've been at the end of the day, you can call them whatever you want to call them. but i think though,

a lot of practices that i was learning from, from the, from what they are doing at this point of time. and in many ways, i mean china is 400 years back is or 7500 years back is what the united states was . i mean, immense capabilities with events on super new lives and immense competition. i mean of costs that needs to be placed with a no regulated framework, otherwise you have things like the great depression, etc, etc. but that's what the chain, what the, what, what, what china is today. it is a competitive marketplace in which people strive to succeed. are the communist. i mean, the communist party claims to be communist. and then you know, the president, she's, she's goes on these big dialect eco lectures about what communism is. but to be frank, you know, when she talks about communism order was socialism with communist characteristics.

you know, for me i, i find that to be a very awake. let me, i'm going to come on the left seat out of a clintonian phrase. you know, bill clinton was all good things happen because of me all the bad things. someone else did i, i was no and nobody, nor also socialism, read chinese characteristics. all that is good about china and works in china is because of the party and because of socialism, all the things which might be not working as well on the human rights for that that's really not part of what we, what we want. that's what we did. and so for me, i see communism the way it's practiced in china to a great deal. also, at least from a narrative standpoint, from this dialectical standpoint is just a lot of shoes and frankly, so you can call it what do you want. it's just a word, for example. busy as i just showed in my script, we say we're all free market. the leaders of the world,

the beacon of light in the world when it comes to a free market democracy. and yet, when i really got in there and broke it down, we're not that much of a free market democracy. in fact, we have the government essentially giving an upper hand to its crony friends in separate industries. and we may be doing that, as you say, more than china does. yeah, we're a capitalist and they're communist. maybe we should just get away from the labels or the gunner. i think you should get to some of the levels. and i think the best example of what you said is, what was also the topic of discussion yelman's secretary ellen's trip, which was on the electric vehicles. the, as i said, the, the, the chinese side once mix investments to create markets of scale. it provides initial industrial subsidies, it's fairly easy going on the subsidy, top of the early stages. it has many players in the marketplace. it makes them

compete seriously. it does not pick when also protecting commons. and from this process of through the process of market discipline, we really have real, real, real contestants. and what the chinese government been does is gradually shut off the subsidy. tough to go because they are still because guys will get no money and the weaker guys, i just left, i'll need to exit the marketplace. you know, even if it's funny, is that about the, these it and i had them up by, pardon me for interrupting. but i remember a time when we 1st started relations with china and nixon made the trip and everything. and suddenly we realized, oh my god, we can get all these cool things made there, and their workers, we don't have to pay them all that much. and it will all just be quick and easy, quick, cheap products and will flood walmarts with them. now they have become so much more sophisticated and they want to make electric cars. and suddenly. 1 dealing with china or having chinese products doesn't seem like a such a good idea of

a sudden mel i, i, there's almost some justice in that and that's kind of what i want to talk about when we come back. all right, so we're talking to professor good, it's so it's such a pleasure to be able to get a different perspective on something like this. we're going to stay on this topic and be right back to discuss that the market, the chinese say, hey, we can make a big cars cheaper. the us says no, no, no, we don't want them. why not? if it's good for american consumers, we'll be right back. the, [000:00:00;00] the lowest points of view,

the the, the new issue of the vehicle. so the motions for the, for the money, and douglas is william, which is going to stay on the show with the bed were joined by professor. sure a good time, rick sanchez,

thanks for being with us. he is a senior asian pacific relations policy export at the institute for china, american studies, and we thank him for joining us in sharing his wisdom with us. tell me if this sounds as curious to you as it does to me. it seems like everything was hunky, don't. busy worry when china was making tons of products and providing them for the american consumers. so we could have some pretty cheap goods that we would otherwise have to pay a lot of money for. it's like having mexican workers in the united states doing work to really. but eventually that goes the other way. and what happens now is when they were making toys in clothing, it was fine. but now all of a sudden they're making phones, computer chips, and now they think they can make the cars, electric cars as good or better. and perhaps even less expensive than the ones that are made here in the united states and may by test lie, etc, etc. so now all of a sudden,

i'm saying there's this resistance is pushed back. how dare you make those products? those are reserved for us comp, countries like cars. um, something seems a skew in that argument. am i reading it wrong? of your framing into exactly the way the americans are of the american politicians, particularly in the best way of framing the argument that these are sectors which are very you should not be entering. you stick to do the things which you used to do and make our lives more efficient. but when we come to a higher value added products, i still don't say that say that's that's, that's not where you belong. but i mean, that's not an argument that you can make to anybody. they allude, anybody and everybody, whether it's orlando or a chinese or brazilian has the right to produce an electric take lives to produce the most efficient electric cycle in the world. and that's where they've gone to, and this has come out of shelves, are familiar realism i'll, i mean, a lot of this is they needed to play catch up. so they had really delegated for 2

and entrepreneurs who said we need to catch up. let's try to do it a little differently. government was 8 of the process initially. i know we have, i mean, it's an antique of also about this. you know, they've been invited, but test leslie at that point of time in the late the late 2010 because they really wanted to benchmark their rice and competitors with the, the best competitor in the market. and they said, no, go compete with the tesla and try to do the best. and this is exactly the reason the ease the market will feel in the us. because the us is keeping out the best. and the most efficient competitor, us will have its own market and it will have the gm's will have the great market share at home, but solves the allied friends like key and hyundai, and cetera, et cetera. but you will never break into the international marketplace. what the, what these, what the inflation reduction ex

e d tax credits will do is not created manufacturing, competitiveness, it will create manufacturing employment up to a point from the short to medium, but not create competitiveness which is the basis of long term and employment. so, so in this, in the chinese of very good this uh, television sets, uh, the telephones. uh, obviously cell phones, computer chips. my gosh, we thought we own that industry and nobody could touch us. and now it appears part of the reason we hate china or are supposed to a china is because they've gotten really good at some of that stuff, especially the chips they have. we have and you know, there is a place in, in, in, in domestic and international policy making for industrial policy. it does sound very socialist state centric. there is a space for industrial policy, but industrial policy does not mean just seamlessly throwing money and throwing

subsidies and hoping great things will happen there after you have to be intelligent about the process, somebody's before site to load the process. and the whole purpose of the industrial obviously, is to been facilitate market competition. and that's why i keep repeating not to pick winners or the incumbents into that. before we go, we're down to like a minute and a half. and i have 2 more questions and a story left for you, but 1st of all, give me a yes or no. they only succeed and are really good at that stuff, is because they cheat and steal our ideas. true or false is not complete. false. the use uh, i mean they, they, they have so many new innovations and they usually just need to be in washington. i mean, completely false and it's not about stealing. finally, one final note, i thought it would be fitting to mention the storage that before we close center, bernie sanders, a man who knows a thing or 2 about socialism, had somebody attack is office by setting it on fire. police say a person named shap show the ammonium,

got into sanders building and went up to the 3rd floor where he is seen spraying some kind of liquid on the door and then setting it off. fire the man is under arrest. it's not known why he did it, but we do know that just last week, senator sanders publicly called out as really prime minister benjamin netanyahu urging him to stop killing innocence. he also suggested that the us should give israel not a penny more. nope, still we don't know what caused any comment. what do you, what do you think of that? i know you're not are bernie sanders expert. but isn't that weird? i mean, c o 2 is like things are spilling out beyond normal politics. i mean, politics. wireless is becoming part of the language of politics and that's becoming very dangerous. and i think much worse things can happen. you know, in a family traumatic way. i mean, the candidate being assassinated, the things you just don't want to go there. and these things need to be nipped in the bud. i think there's no no, no tolerance for this sort of nonsense. so i've got to, it's always

a pleasure having you on thank you for joining me. my friend. before we go, i want to remind you of our mission simple, really what we do here is we de, silo the world or at least try to, you know, we gotta stop living in these little boxes where we only believe what we believe and what our friends believe troops don't live in boxes, a nation, neither should we. we don't, i'm rick sanchez will be looking for you again. right here on direct and the what is a part of the the employee would posted? is it the defense you of us entered in the word or is it something deeper,

more complex might be present? let's stop without collision. let's go out of the home. so revelation says the russian investigative committee opens a criminal case against us and today. so officials postpone touring terrorism inside and out of the country with funds from ukrainian space for risk lat pole. that fell into nice allegations. all facilitating a genocide in dogs. that's fine on and as well as nicaragua, canes, german supplies weapons are being used to pills. affiliates as of the 2nd day of hearings of the international clinton, just so this out to the flight to germany and policies of power and monopolies in world affairs, the russian and chinese farm. and this is highly multi polar. well that defines as