Joint ventures aren’t IP theft
Richard Vigilante, 2024 – Vice President and Editorial Director at Gilder Publishing “The Mirage of China's I.P. Theft” Reason Magazine, July, https://reason.com/2024/06/02/the-mirage-of-chinas-i-p-theft //DH
The final piece in the "we wuz robbed" argument is the claim that Chinese companies "steal" the I.P. of their American partners in joint ventures. China's prowess at the negotiation table is undeniable, and it wields its bargaining power aggressively to trade access to Chinese markets for learning. Yet the American companies that claim to be victims enter into these agreements freely and rarely come out net losers. These U.S. businesses have raked in trillions in sales and pocketed hefty profits—a testament to their ability to navigate the competitive landscape.