Max Keiser says the US fell behind the rest of the world with 5G for three reasons.
1. US CEO's sold off the technology to increase short-term profits.
2. The US government set no standard for 5G which meant US companies were too scared to invest incase their version didn't win out in the market.
3. The US military uses part of the 5G spectrum for spying and didn't want to give it up.
Max says how China plans for the long term future while US companies engage in stock buy-backs and asset stripping.
Look what happened to Britain’s ICI? It was one of the biggest chemical companies in the world. And Ever Ready had a brilliant brand name but more money could be made by running the company down.
In this episode of the Keiser Report, Max and Stacy ask why the US is so far behind on 5G? Chinese companies own the most patents on crucial elements of the technology, while there are no major US companies building and developing 5G telecom equipment.
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