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Richard Wolff – Huawei no longer ‘national security threat’

Summary:
Richard Wolff says that China's capitalist system of state control of many leading undustries, with a tremendous amount of central planning and regulation, has given them 10% growth rate each year for 25 years and that's why they will never give it up.Trump may eventually negotiate a new trade deal and Huawei and will no longer be considered a threat, which will make him look good to his base. [embedded content]

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Richard Wolff says that China's capitalist system of state control of many leading undustries, with a tremendous amount of central planning and regulation, has given them 10% growth rate each year for 25 years and that's why they will never give it up.

Trump may eventually negotiate a new trade deal and Huawei and will no longer be considered a threat, which will make him look good to his base.


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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