It is not the first time the American government forces foreign companies to sell their assets. They might benefit from this in the short term, but in the long run they are only saying to foreign companies not to invest in the USA because they will blackmail them at the end...
They have done this with several oil services companies, Huawei and now Tiktok. The excuses are especially lame with TikTok, because they are ok with the information the company is collecting, they are just not ok with who is collecting it.
Its always been the strategy to stop its companies progress. It hasn't been the first time the yare doing this. Huawei is just an example and there had been companies from Japan as well.
But its always been presentd to the public that American market is a free market but its defintiely not the case with few Chinese products already.
Yeah, it is clear now that the American market (and regulations) are now mostly controlled by lobbies paid by the major companies to pass them favorable legislation...
If people believe in democracy and change by the people, they should vote for parties with true free market ideals (such as the libertarian party).
I don’t understand why people are so angry with Trump’s move to ban an app that’s been stealing their privacy, and further as far as I know China has blocked google, Facebook and other Americans sites, but no one seems to be complaining about China’s moves to block American sites?. Lastly no one in their right mind will vote for Libertarian party, because even people are aware that they cannot fulfil any promises that they make before the elections.
Sources:
https://ksltv.com/437951/ksl-investigates-privacy-security-concerns-with-popular-social-media-app/https://www.buckeyefirearms.org/why-libertarians-dont-win-electionshttps://www.nytimes.com/2020/08/07/opinion/tiktok-wechat-china-trump-executive-order.htmlI think one of the most fair criticism to something like this is -- why is the President the one who is able to wield this sort of power. That's not me attacking Trump or anything like that, that's me attacking the broad powers of the executive that have only continued to strengthen throughout the decades. The President shouldn't have the power to, at the stroke of the pen without Congress, ban things as he pleases without showing evidence that they are working with a foreign government.
Do I think that TikTok should be banned? Yes. Without a doubt.
I do think it's important to note what sort of precedent gets set though. You do have to think 10 years from now. Will the next few Presidents use this as a precedent to ban apps, maybe ones that are critical of them or the government? Just spitballing here.