Listen: Benjamin Franklin famously called on American business leaders more than two centuries ago to "Do well by doing good." To him, that meant creating companies that were not just about the bottom line, but also that helped foster happier and healthier communities. Now, as 2021 approaches and the world recovers from the greatest crisis of our lifetimes, sustainable investing is a bigger discussion than ever. What does it mean, and how does it not only help the environment and societies but also build your bottom line? That's the topic of the latest episode of Living Beyond Borders.
Jon Lieber, Managing Director for the United States at the Eurasia Group, shares his perspective on US politics.
Where are US-China relations in this battle over TikTok and what is happening?
Well, this may seem like a minor deal. It's a video sharing app that the president has given 45 days to sell to a US entity or get banned in the United States. But along with WeChat, these are two of China's most successful technology companies that the US has now banned from entry into the United States and potentially banned from being used on operating systems that rely on US software inside China. So, this is a huge escalation in the geotech war between the United States and China. China for a long time has not allowed Google and Facebook and other American applications to be fully operative inside their borders. And now the US is stepping up against Chinese technology companies. The reason is that there's concerns among the US government about these tech, these apps data security practices. Members of the military, high ranking government officials aren't allowed to have these on their phones because there's concern about what China does with the data that they can harvest from those phones. This is a real warning sign to other Chinese technology companies that they may not be welcome inside the American market unless they can prove in some way, they are totally independent from the Chinese government and the Chinese military. Expect a lot of escalation in this area over the coming months and years.