Senator Grassley critiques Chinese authoritative capitalism competing with United States

Iowa Senator Chuck Grassley says that a recent trip to China was an eye-opener, hearing a lot that China embraces capitalism but not to believe it because the Communist Party serves the interests of the state and not of the people, admitting their economic socialism was authoritative capitalism. Grassley says visiting with government officials who knew their talking points almost too well his impression was that the Chinese government would do anything legal or illegal to get ahead of the United States, that its slogan had changed from peaceful rise to peaceful development out of concern it sounded threatening but to be clear he was not threatened by Chinese economic growth because democracies generally do not threaten each other and free enterprise is mutually beneficial, a very good new story also good for the United States.
Iowa Senator Chuck Grassley says that a recent trip to China was an eye-opener, hearing a lot that China embraces capitalism but not to believe it because the Communist Party serves the interests of the state and not of the people, admitting their economic socialism was authoritative capitalism. Grassley says visiting with government officials who knew their talking points almost too well his impression was that the Chinese government would do anything legal or illegal to get ahead of the United States, that its slogan had changed from peaceful rise to peaceful development out of concern it sounded threatening but to be clear he was not threatened by Chinese economic growth because democracies generally do not threaten each other and free enterprise is mutually beneficial, a very good new story also good for the United States.
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Restrictions:
May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonour any member of the United States House of Representatives or US Senate, or bring the House or Senate or any Member into disrepute.
Credit:
FedNet / Getty Images
Editorial #:
952018744
Collection:
FedNet
Date created:
25 April, 2018
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Licence type:
Rights-ready
Release info:
Not released. More information
Clip length:
00:02:45:27
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1280x720 30p
Source:
FedNet
Object name:
sflr042518b.mov