Written and Published by Han Institute, May 8, 2013
Business Expansion to China Needs U.S. Government Expertise
OM Malik offers a critical view of FWD.US, Mark Zuckerberg's political advocacy lobby group, on Bloomberg West Show, hosted by Emily Chang.
"In the age of data, Facebook is Standard Oil, and Mark Zuckerberg is Rockefeller."
They hack high tech industry and hijack political agenda for their own advantage.
Marissa Mayer of Yahoo, John Doerr, Drew Houston, all filed petitions to reform immigration.
But are their motivations true? To whose gain?
First, according to a Wall Street analyst, the Yahoo brand name not worthy to bet on their stocks, as they have no new products on the horizon, unlike Amazon.
What we have been using from Yahoo, such as Yahoo Finance or Small Business web hosting, has been there since Jerry Yang's time, they were not invented recently. If there is no innovation, why did CEO Marissa Mayer last year take home altogether $36.6 million?
Perhaps she can bank on a force of illegal immigrants to fulfill Paul Ryan's dream? Paul Ryan's only plan for government operations is "cut the budget".
He believes austerity of government will automatically help private enterprise, he never thinks of tapping into government expertise dealing with world politics to augment the U.S. business presence in the world.
By contrast, "San Francisco's Square said Wednesday that it has hired away President Barack Obama's acting United States Trade Representative to lead the growing mobile payments company's international government, regulatory, and policy work. The hiring of Acting U.S. Trade Representative Demetrios J. Marantis signals Square is setting up to significantly expand its international operations beyond Canada." This outreach to the government is vital for a private organization to have a great presence in countries like China as they treat governmental agencies as equal counterparts.
So even if Yahoo has no products, as long as they have the money, they can pay their CEO high on the pyramid, and enlist coolie high tech workers. This is just like Crocker banker as robber baron who sapped the labor of the coolie railway workers to enrich themselves.
History repeats on and on. New arrogant Marie Antoinettes are born every day. Silent majority is the status quo.
Companies that want to be successful in China need to utilize the U.S. government's over 100 years of experience in the Pacific region. The idea of shrinking the government will only hurt America's ability to handle all sides strategically.
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