The media in China is heavily scrutinized by the communist party and citizens are limited to only 10 movies a year. This limits the exposure of Chinese citizens to outside media and the American way of life.
The purpose of government is to promote prosperity of its citizens, and with the upcoming two trillion dollar stimulus bill, the relationship between the monetary system and the government is being reset.
The success of the American economy comes from a combination of immigration and the inspiration that singular entrepreneurs possess to drive an entire economy forward. There are only a few individuals who can truly change the fate of a country and it may just take a couple dozen of these unique thinkers immigrating to the US each year to continue pushing the world forward in innovation.
The possibility of an economic recession is looming due to factors such as interest rate increases, inflation, supply chain disruptions, and trade wars causing spikes in commodity prices. Companies with flawed business models or overvalued stocks will likely face a valuation reset during such a downturn.
The guest speaker discusses the risks of outsourcing to China and the potential for American businesses to be undercut by Chinese policies. He also acknowledges the challenges of judging China's political system and emphasizes the importance of fortifying America's supply chain.