We have a lot of people like that, who used to believe in America's free trade, democracy, fair competition, and innovation. I used to be one too
now things are changing...
Terrible precedent for global trade, thing is Silicon Valley pulls hard for deregulation, and it's common wisdom here that regulating tech would be slowing down the only economic sector we have that's still growing, so we cannot write any rules that might make for a fair playing field, protect Americans from data leaks and disinformation or whatever, only tool we have is ban competition.
>> China gives you a list of requirements to operate in the country, if you meet it, you can operate.
Some US companies (like Google) choose not to operate there because they don't want to put up with harassment and intellectual property theft that comes with having offices on the mainland.
However, Document No. 107 has not lifted restrictions on foreign investment in services related to information content security, such as public communities, instant messaging, search engines, news publishing, live streaming, short videos, and online games. Generative AI services, which also fall under ICP services, show no sign of opening up to foreign businesses. This reflects the Chinese government's cautious stance on opening internet information service businesses to foreign capital, given these services' relevance to China's ideological security and social stability.
https://www.geopolitechs.org/p/china-removes-foreign-ownersh...
With Tiktok, US is designed to disgust, it is not giving you an option to comply. If you don't sell yourself, you lose all the business, if you sell yourself, you lose even more business because others will get invention you created. But since USA showed this is perfectly legal, let's use this on USA companies, sell yourself or get banned. Looks like you are perfectly okay with this. Facebook was worth $25B when 15 years ago, let's force Facebook to sell itself and pay Facebook $25B, it will worth $3T today, you still won, and original inventor, the business owners still get screwed. When Apple was weak and worth millions in 80s and 90s, force Apple to sell itself. Steve Jobs gets $100M. Today, you will have $4T brand, technology, ecosystem and company. Yep, this is totally moral and totally American values.