A Discussion on Economic Statecraft with Keith Krach and H R McMaster

Wednesday, May 27, 2020
Hoover Institution, Stanford University
A Discussion on Economic Statecraft

As the COVID-19 crisis continues to cripple economies around the world, the US-China relationship becomes more strained. The economic security of America hinges largely on working with partners and allies toward developing strategic competition with China and combatting malign economic aggression. The current health crisis has put a spotlight on the broader implications of supply chain vulnerabilities and the need to shift toward a more offensive policy to protect American interests. Having an understanding of how China views the world and its place in it should determine western policy moving forward.

ABOUT THE SPEAKERS

Keith Krach
Krach took the oath of office as Under Secretary of State for Economic Growth, Energy, and the Environment on June 21, 2019. Previously, he was a businessman, former CEO and Chairman of DocuSign (2009-2019), noted for bringing transformational leadership to many sectors, including factory automation, engineering, commerce, education, and philanthropy.

H.R. McMaster
McMaster is the Fouad and Michelle Ajami Senior Fellow at the Hoover Institution. He was the 26th National Security Advisor. He served as a commissioned officer in the United States Army for thirty-four years before retiring as a Lieutenant General in June 2018. His latest book, Battlegrounds: The Fight to Defend the Free World, is available for pre-order on Amazon.

Moderated by Thomas W. Gilligan, Director of the Hoover Institution

[pswayne]

This is the best hit nail on the head analysis that I've ever heard. It's all about trust when it comes to doing business. I appreciate the distinguish between the Chinese people and its government.

[withoutexcuse]

Great interview, Jason! I continue with my personal message: Nail the Fat Rat criminals!
Unless and until that is done *NOTHING* of substance is going to change.
That message should be on everyone's mind and lips 24/7/365.

[barb]

I think there is a chinese culture to leave out a couple of dishes you ordered thru delivery. Chinese food delivery were the founders on home food delivery. I think they even beat the
Pizza delivery.

[VideovigilanteUSA]

I been waiting for years.. Walmart to Amazon are filling Merica with cheap ccp goods...we can still trade with Taiwan.

[stuartfox]

The one big exception among American companies expanding in China is Tesla. A gigafactory they have little control over.

[BLASTIC]

How did you get "ripped off" by the Chinese... Did you not have a choice? Was it not an exchange? 'you give us this, you get to be here'?

[BIgBass]

Let's start by making more shoes in the U.S.A. the shoes are selling for hundreds of dollars. I quit buying Nike shoes several years ago. New Balance works just fine. China should also pay us for the economic losses we have suffered. If they refuse, other countries would be eager to have the jobs. I do not trust the Chinese, and I don't think I'm alone.

[jayaramanganapathi]

This program is an excellent opportunity for the world to know what are American policy makers thinking.

But why are the American regulatory requirements like Sarbanes Oxley not applied equally across all companies listed in American stock exchanges? It means American companies do not have a level playing field, a fundamental requirement for economic freedom and expression. It means all the past administrations have compromised. Uniform application will provide an opportunity to export democracy.

[reasonablespeculation]

If you give the Chinese your blueprints, procedures, and production systems, , ,
don't be surprised id they learn how to make your product.
Cheaper, with less Gov. hoops to jump through, to produce components in China,
then to upgrade in the USA... Now they can do everything we USED to do,
but they have made 30 years worth of improvement on the processes..
As we lost the machinery, infrastructure, skills and attitude, to compete on their level.

[rosalindavalenzona]

Please organize a forum on demographics. This is an issue that can be discussed from an economic perspective and a historical perspective. Linda Valenzona, Philippines.

[kingcrazymani]

Apparently, Mr. Kranch has yet to feel the 5G. Click.

[friendlyone]

Is lack of economic transparency an additional reason Trump is divesting the government of Chinese stocks?

[dr.jackdempsey]

Can you please debunk the concerns/propaganda concerning 5G and the potential to harm people. I don't understand why 5G is so much more dangerous than the other microwaves going through our bodies daily?

[dr.jackdempsey]

Fireside chat? You are the "Front-line" of the News!