China's government, viewing base station software for data networks as strategically important, underwrote the Chinese company Huawei to dominate that market, allowing it to compete unprofitably against Nokia and Ericsson; this state-backed model eliminated the profit opportunity for Western competitors, leaving Nokia and Ericsson in Finland and Sweden to languish without profits or competitive advantage.
causalpending
Speaker
Hugh HenryEvidence Quote
“the reason why it was in a coma was um the the base cell software for running the data networks was the profit opportunity was eliminated by the Chinese communist government saying we want to own that market. It's strategically important...They underwrote...Huawei...It's a lot easier to own an industry if you don't have to make a damn profit, right?”
Source
Once In A Lifetime Opportunities in Precious Metals, Japan, And AI w/Hugh Hendry— Rebel Capitalist InterviewsCreated: 8/13/2026, 9:56:54 AM
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