E Meng's Arrest Vs. The Rule Of Law

Meng Wanzhou, CFO of the second best smartphone company in the world, is being held in a jail in Canada. She apparently will be charged with fraud, in  fooling banks in America to get them to fund technology transfers to Iran. 

We do not yet know if there are peripheral charges in addition to potential charges related to Iran. But if those charges are the meat of the matter, the big issue then, of course is, are we in violation of the treaty that governs transfers of technology to Iran. If we are in violation of the international framework, and apparently we are, our sanctions should have no significance, internationally, unless the rule of law means nothing.

More and more, the desperation of the United States is showing. Meng's company is Huawei. In the current ranking of smartphones for 2018 we see this:













The company is discouraged from doing business in the USA. And it is being discouraged, supposedly because of espionage, but I believe it is because the company is just superior. It creates better products. Two of the 10 best smartphones in the world are Huawei's phones!

And it has 5 G superiority, and a head start, with a phone due out in 2019. I think the US is simply afraid of superior technology, the Rule of Law be damned. The phone likely will not be sold in the USA. And why not? Well, because clearly the US views 5G race as being necessary to win. But we are not up and running. When the Russians beat us to space with Sputnik, we didn't try to blow up all of Russia's rockets. We competed. Is the will to compete gone? Must we resort to underhanded behavior?

Most of us who were allowed to study history know about the murder of the Austrian Archduke:

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Disclosure: I have no financial interest in any companies or industries mentioned. I am not an investment counselor nor am I an attorney so my views are not to be considered investment ...

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Gary Anderson 1 month ago Author's comment

Update 8: Even into 2019, reports show Apple iPhones still declining in China as the Chinese rally around Huawei.

Gary Anderson 2 months ago Author's comment

Update 7: Germany is trying to pull out of Huawei's 5G network and Canada is wavering. There is no doubt that China will retaliate. Germany had expressed no reservations in the article above. But with Trump indicating a return to tariff wars with Europe, it appears that the west could be cowering in the face of Trump pressure. The way these nations have treated China could be an indication of a very unhealthy world POTUS is creating.

Gary Anderson 2 months ago Author's comment

Update 6: Merrill Lynch reports Chinese citizens are boycotting iPhones. Chinese boycotts are effective and harsh and Apple is the prime example. Soon, iPhones will be a forgotten product in China. Are we winning? Also, Canada would do well to pay attention and let Meng go.

Gary Anderson 2 months ago Author's comment

Update 5: #iPhones are inferior to #Samsung and #Huawei. Poor cameras, can't handle heat. The list of best phones is in the article. And iPhones are overpriced. The cult of #Apple, the cult of #Tesla, the cult of #Trump may all be failing. The cult of America is a cult of power. Prosperity is more important than power. China appears to want prosperity more than power. Power without prosperity is doomed to failure.

Mike Nolan 2 months ago Member's comment

Any updates on this? What ended up happening with #Meng?

Gary Anderson 2 months ago Author's comment

Update 4: China may pass a law making illegal the practice of technology transfer in exchange for doing business in china. It is not expected to change local government transfer demands. It probably won't be obeyed. And these transfers are legal internationally. Perhaps China is willing to compromise, knowing that it can get any technology it wants from Japan and Israel. Most Americans would be surprised to know that this is already happening: www.talkmarkets.com/.../are-policy-refugees-jumping-the-trump-tariff-ship

Mike Nolan 2 months ago Member's comment

Thanks for these updates. I still had this article up on my computer but hadn't refreshed it. Just did and saw all your updates come in.

Gary Anderson 3 months ago Author's comment

Update 3: Will Meng be allowed to leave Canada for China or will our out of control POTUS use her as a bargaining chip if she is extradited to the USA? Must not be too easy to win a trade war if you need hostages to do so, right Mr Trump? realDonaldTrump

Gary Anderson 3 months ago Author's comment

Update 2: Former Canadian diplomat detained by China. This is just the beginning of retaliation on the part of China over the Meng arrest.

Gary Anderson 3 months ago Author's comment

Update, Apple could be squeezed out of China. Are we winning yet?

Adam Reynolds 3 months ago Member's comment

Isn't is possible that the man is actually guilty of money transfers to Iran? You haven't even heard any of the evidence. It's a bit ridiculous to jump the assumption that America is afraid of competition and that's the real reason. They haven't gone after Samsung which is ranked #1. Nor is it likely that the loss of a single employee will have any negative impact on Huawei.

Angry Old Lady 3 months ago Member's comment

Never a good idea to comment on an article when your own words show how little you know about the subject!

Gary Anderson 3 months ago Author's comment

Thanks for commenting. It is a she. Samsung 5G would likely operate in the sphere of the West. China will control the biggest 5G network. If she transferred money or technology to Iran, the US is operating as the rogue, because the US walked out on the treaty with Iran. The facts must still fully manifest, of course.

Gary Anderson 3 months ago Author's comment

One more point, Ms Angry, one could interpret the arrest of Meng as an act of war. We as a nation have become over the top rogue. As much as it pains me to say it, many citizens of other nations are boycotting America, and stories like this will not give them reason to embrace the USA or its products.

Angry Old Lady 3 months ago Member's comment

Not quite fair to say the US walked out on the treaty. There was a lot of evidence showing that Iran was violating the agreement. I don't agree with Trump about almost anything, except when he says we are suckers to honor our end of an agreement when the other side doesn't honor theirs.

Gary Anderson 3 months ago Author's comment

Interesting point of view, but the majority of nations signing the treaty disagree. We are the rogue nation.