Another vector of infiltration and influence is the legal acquisition of companies and their expertise by Chinese companies of unknown connections to the CCP. This is particularly worrying as so many companies are led by people who are retiring and selling to private equity funds, many of whom are predators that load up the company with debt, fire workers, milk the assets and credit of the company for a couple of years and then file for bankruptcy. The loss of talent and productivity is enormous. Remember , our peak productivity was in the early seventies and we have been declining ever since as judged by the marginal productivity of debt. (see Lacy Hunt, Hoisington) Keep doing what you are doing, it is incredibly important.
Another vector of infiltration and influence is the legal acquisition of companies and their expertise by Chinese companies of unknown connections to the CCP. This is particularly worrying as so many companies are led by people who are retiring and selling to private equity funds, many of whom are predators that load up the company with debt, fire workers, milk the assets and credit of the company for a couple of years and then file for bankruptcy. The loss of talent and productivity is enormous. Remember , our peak productivity was in the early seventies and we have been declining ever since as judged by the marginal productivity of debt. (see Lacy Hunt, Hoisington) Keep doing what you are doing, it is incredibly important.