RUSH TRANSCRIPT Visit findyourindependentadvisor ░░░░░░░░ Neil Chinese authorities Charles ░░░░░░░░ is being used by ░░░░░░░░ in China about how ░░░░░░░░ this technology would go ░░░░░░░░ how deep will this ░░░░░░░░ brother thing go in ░░░░░░░░ country Joining me to ░░░░░░░░ Wall Street Journal Jillian ░░░░░░░░ cheer Danielle Dimartino booth ░░░░░░░░ back with us as ░░░░░░░░ They have a lot ░░░░░░░░ different programs in place ░░░░░░░░ thing they have is ░░░░░░░░ social credit system It ░░░░░░░░ t allow you to ░░░░░░░░ a bad citizen will ░░░░░░░░ into place 2020 They ░░░░░░░░ generated 7 million punishments ░░░░░░░░ red about this scary ░░░░░░░░ a long time but ░░░░░░░░ is coming into existence ░░░░░░░░ is new totalitarianism Put ░░░░░░░░ in the historical context ░░░░░░░░ imagine what this would ░░░░░░░░ used under Lenin or ░░░░░░░░ The trajectory of human ░░░░░░░░ in China is going ░░░░░░░░ other way He is ░░░░░░░░ plays out of Mao ░░░░░░░░ playbook This is time ░░░░░░░░ American leadership F we ░░░░░░░░ not concerned about human ░░░░░░░░ and freedom I think ░░░░░░░░ trajectory is going the ░░░░░░░░ way Charles Danielle the ░░░░░░░░ would rate trustworthiness Imagine ░░░░░░░░ Chinese citizens what you ░░░░░░░░ how you spend your ░░░░░░░░ if you jaywalk if ░░░░░░░░ smoke on the train ░░░░░░░░ you criticize the government ░░░░░░░░ family or friends Oh ░░░░░░░░ will track what apps ░░░░░░░░ re on on your ░░░░░░░░ It is big brother ░░░░░░░░ large if you think ░░░░░░░░ the steps that Venezuela ░░░░░░░░ and China are taking ░░░░░░░░ implement their own cryptocurrencies ░░░░░░░░ 2020 I suspect they ░░░░░░░░ be able to track ░░░░░░░░ citizens every economic move ░░░░░░░░ mean the disparagement of ░░░░░░░░ freedom of personal liberty ░░░░░░░░ when you think China ░░░░░░░░ so strong and clamps ░░░░░░░░ so much if there ░░░░░░░░ an economic slowdown coming ░░░░░░░░ re going to have ░░░░░░░░ maintain social order F ░░░░░░░░ re using the technology ░░░░░░░░ do it it scares ░░░░░░░░ even more Charles There ░░░░░░░░ a bigger macro battle ░░░░░░░░ democracies and totalitarianism which ░░░░░░░░ gaining popularity around the ░░░░░░░░ some countries are voting ░░░░░░░░ in democratically Yeah Again ░░░░░░░░ will come back to ░░░░░░░░ point This is why ░░░░░░░░ leadership is so important ░░░░░░░░ re seeing this in ░░░░░░░░ be ruled out particularly ░░░░░░░░ religious minorities In a ░░░░░░░░ targeting muslims weaker muslims ░░░░░░░░ re seeing this used ░░░░░░░░ Christians in many cases ░░░░░░░░ is an opportunity for ░░░░░░░░ U S To show ░░░░░░░░ Charles What can we ░░░░░░░░ to slow it down ░░░░░░░░ curb it What could ░░░░░░░░ do as a nation ░░░░░░░░ I mean I think ░░░░░░░░ Trump Administration is had ░░░░░░░░ with sanctions I think ░░░░░░░░ this up saying the ░░░░░░░░ of people who are ░░░░░░░░ persecuted bringing up dissidents ░░░░░░░░ this an issue along ░░░░░░░░ our economic success because ░░░░░░░░ is something that really ░░░░░░░░ Charles Sure Free countries ░░░░░░░░ more likely to be ░░░░░░░░ countries Charles Listen I ░░░░░░░░ as we re in ░░░░░░░░ middle of this trade ░░░░░░░░ this should be a ░░░░░░░░ consideration Not just opening ░░░░░░░░ markets but making sure ░░░░░░░░ don t arrest a ░░░░░░░░ people because they re ░░░░░░░░ put them in concentration ░░░░░░░░ I don t know ░░░░░░░░ really want to do ░░░░░░░░ with a country like ░░░░░░░░ course we don t ░░░░░░░░ to do business with ░░░░░░░░ country like that if ░░░░░░░░ saw the latest trade ░░░░░░░░ figures China is 55 ░░░░░░░░ the trade deficit That ░░░░░░░░ the biggest portion on ░░░░░░░░ To me it will ░░░░░░░░ both sides in the ░░░░░░░░ war battle dig their ░░░░░░░░ in ahead of the ░░░░░░░░ at the end of ░░░░░░░░ month We know China ░░░░░░░░ reeling Manufacturing sector at ░░░░░░░░ level since 2011 I ░░░░░░░░ worried when their economy ░░░░░░░░ because it makes their ░░░░░░░░ more desperate to control ░░░░░░░░ people Charles Do you ░░░░░░░░ with that Absolutely For ░░░░░░░░ long time China had ░░░░░░░░ compact with the Chinese ░░░░░░░░ we give you economic ░░░░░░░░ we get your political ░░░░░░░░ Charles That is when ░░░░░░░░ faustian deal comes home ░░░░░░░░ roost Yes carry stuff ░░░░░░░░ study the fend monetary ░░░░░░░░ and trends How do ░░░░░░░░ adjust for this There ░░░░░░░░ potempkin cities goes sits ░░░░░░░░ towns So many lies ░░░░░░░░ put out day to ░░░░░░░░ If they re beating ░░░░░░░░ on their people actually ░░░░░░░░ away their freedoms and ░░░░░░░░ how could you ever ░░░░░░░░ measure their economy It ░░░░░░░░ difficult to do Some ░░░░░░░░ on the ground come ░░░░░░░░ with their own independent ░░░░░░░░ that actually show how ░░░░░░░░ the economy is slowing ░░░░░░░░ now The Chinese the ░░░░░░░░ leadership has been hoping ░░░░░░░░ years now that they ░░░░░░░░ be able to move ░░░░░░░░ towards ironically more American ░░░░░░░░ of economy domestic led ░░░░░░░░ If they can t ░░░░░░░░ that corner while manufacturing ░░░░░░░░ slowing again my greatest ░░░░░░░░ they will use their ░░░░░░░░ as one of their ░░░░░░░░ remaining pieces of ammunition ░░░░░░░░ can t go after ░░░░░░░░ treasury They would lose ░░░░░░░░ of dollars Charles Real ░░░░░░░░ Jillian before we go ░░░░░░░░ signs you think some ░░░░░░░░ we may have to ░░░░░░░░ with these issues I ░░░░░░░░ some day we may ░░░░░░░░ to this degree but ░░░░░░░░ looks enticing to people ░░░░░░░░ re creeped out a ░░░░░░░░ bit what Facebook and ░░░░░░░░ can do The U ░░░░░░░░ Needs a presence on ░░░░░░░░ world stage This isn ░░░░░░░░ just China Beijing will ░░░░░░░░ this technology Charles Right ░░░░░░░░ thank you both very ░░░░░░░░ Great conversation To a ░░░░░░░░ topic folks a gunman ░░░░░░░░ 12 people in a ░░░░░░░░ rampage in a California ░░░░░░░░ It was packed with ░░░░░░░░ students Before taking his ░░░░░░░░ life last night Investigators ░░░░░░░░ identified the shooter as ░░░░░░░░ year old marine veteran ░░░░░░░░ David long They said ░░░░░░░░ suffered from posttraumatic stress ░░░░░░░░ Long opened fire outside ░░░░░░░░ Thousand Oaks bar shooting ░░░░░░░░ security guard before going ░░░░░░░░ Although along those killed ░░░░░░░░ county officer Ron helus ░░░░░░░░ was a year away ░░░░░░░░ retirement He responded to ░░░░░░░░ chaos Before he rushed ░░░░░░░░ the scene he called ░░░░░░░░ wife He said hon ░░░░░░░░ got to go I ░░░░░░░░ you I got to ░░░░░░░░ on a call We ░░░░░░░░ be right back.