The Dallas Morning News, on Saturday Dec. 16, 2006, ran an article from the AP entitled, "Industrial spying convictions called crucial." It said a U.S. citizen from China and a permanent U.S. resident from China pleaded guilty to economic espionage. They were smuggling intellectual property from four U.S. companies to a Chinese microprocessor company backed by Chinese government entities.
Besides being criminal, this behavior was stupid. China is awash in American money. The Chinese government can buy technology. It does not have to steal it. The theft shows low moral character. Because there was no need to steal, the alure was simply an inclination to cheat.
U.S. power brokers are just as petty. The Wednesday Dec. 20, 2006 issue of the Wall Street Journal has an article by Alan Murray, "Will Backdating Scandal Thwart Effort to Roll Back Reforms?" Here he says (speaking about this year's stock option backdating scandal):
"More that 120 companies have been implicated in what all but a few hardy holdouts now acknowledge is simple theft."
These American executives were obscenely rich, yet they still became thieves, not out of necessity, but out of a compulsion to be dishonest. They are men of low moral character.
The world needs better leaders!
This is one reason I am promoting Confucianism. It can serve as universal ethics for the whole world.
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