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Intellectual Property Theft (w/ Graham Allison) | The Kyle Bass Interviews | Real Vision™

1,807 views · Published 8 October 2018 · 2:26 · Indexed 3 October 2026

Channel: Real Vision Presents · 2018 · News & Politics

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Kyle Bass sits down with Graham T. Allison, professor of government at the Harvard Kennedy School, for a master class in geopolitics, economics, and history. These titans tackle the issue of China’s evolving role on the world stage through the juxtaposition of cultures, governments, and technology. Filmed on September 17, 2018 in Cambridge, Massachusetts.
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Intellectual Property Theft (w/ Graham Allison) | The Kyle Bass Interviews | Real Vision™
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Transcript:
And when you think about the scale, if you've read all of the reports to date. The scale from all of them is kind of-- they're congruent with one another between 200 and 300 billion a year. It's hard to quantify. But that amounts over a 10 year period that $2 or $3 trillion worth of true intellectual property from-- one would argue that the US's greatest asset is our intellectual property, our kind of supremacy and education. And how do we stop that? 
Well, I would say that it's a huge challenge because if you've become accustomed on letting this happen, and if a lot of it happens, actually, aided and abetted by American companies in the sense that an American company or a European company that wants to operate in China, they want access to the market, China has the biggest market. And so the Chinese extract even in this requirement to require technology to build plants. So then if I then have a big enough investment there, when they're stealing intellectual property from me, I come and complain to the US government. 
This is horrible, terrible, terrible. But when it comes to meeting with the leadership of China. I'm very polite because I know these men are tough guys and they will punish me if I'm too vocal in public. So I think they've had a pretty good strategy for doing what they're doing. And as you say, they can have a government that has a plan. So think of the Chinese government as a first approximation. You would think of Google or Amazon or of Apple. 
So they have a chief executive. And he's called the chief of everything. They have a plan the way a company would have a plan. They allocate resources with respect to their plan. They try to manage and control this. Now, we all know that when the Soviet Union did a version of this and tried to have a command and control of the economy, then what? So we all know market economies work better. That's what we believe. 
But they believe they can manage their economy in this way and can take advantage of things that we can't take advantage of.

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