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Washington — (Business WireIn the year October 4, 2022 Hudson Institute Senior Fellow Nuri Turkel joins former Secretary of State Keith Krach, chair of Purdue’s Krach Institute of Technology, to discuss the importance of divesting Chinese companies from human rights abuses and complicity in human rights abuses. Strengthening defenses against Chinese high-tech companies that power the tyranny of the Chinese Communist Party, which threatens freedom. The discussion was hosted by the Hudson Institute in partnership with the Krach Institute for Tech Diplomacy at Purdue.
“Keith is a prominent voice for those who have suffered human rights abuses, and his call to action is seen as transformative in the Uyghur community. In the year In a nationally televised broadcast on July 4, 2020, Keith was the first government official to openly label the CCP’s atrocities against Uyghurs as ‘genocide,’ according to the book’s author, Nuri Turkel. Don’t miss itA powerful memoir about the Chinese government’s oppression of the Uighur people. “But Keith didn’t stop there. In addition to giving his first business advice, he compared the genocide in Xinjiang to the Holocaust and called for the exclusion of Chinese companies complicit in human rights abuses. His letters to U.S. CEOs, civil society leaders, and university boards of trustees sparked a movement for change on college campuses.
Turkel asked Krach in a recent open letter to the university’s governing boards In higher ed. “The letter is to remind university boards that they have a moral obligation and integrity to invest in Chinese companies under surveillance that allows for genocide, and also to divest these stocks buried in index funds,” replied Purdue Board of Trustees Chairman Krach. “The Athenaeum Institute, College Republicans And the Democrats, a student-run nonprofit organization, has organized a fast-growing grassroots movement on college campuses nationwide calling for divestment from rogue Chinese companies. They have now succeeded in creating a student movement on thirty college campuses to pressure universities to stand up and vote with their wallets.
In an article supporting our country’s 2022 Nobel Peace Prize, Young Athenian Leaders said: “The Chinese Communist Party and its proxies continue to exploit academic institutions and are the first government officials to call private and public board members. Institutions to distance themselves from companies complicit in the CCP’s genocide of the Uyghurs and other human rights abuses. In doing so, he helped lay the groundwork for the Uighur genocidal university divestment movement, which was directly inspired by the successful student movement to leave apartheid-era South Africa in the 1970s and 1980s.
During the presentation, Turkel went on to tell Krach: “The technology companies you founded and led have made people’s lives better, but as you know, dictators use technology to oppress people.” Chinese companies like Huawei, Alibaba, Baidu and Tencent are tools of the Chinese government’s spy state. One of your greatest achievements in conducting American economic diplomacy was the creation of the ‘Loyalty Doctrine’ and deployment to build the Democracy Clean Network Alliance, which was the CCP’s flagship. He won the plan to send the surveillance work beyond Xinjiang to the rest of the world.
Krach said technology can be used for both good and bad, and the Purdue Institute for Tech Diplomacy is founded on the belief that technology should promote freedom. He said that with its surveillance tools, the CCP is “exporting the dictator out of the box” and that American investors are unwittingly subsidizing them with pension funds. “These companies should be included in our capital market sanctions.” Turkel emphasized: “Investing in Chinese technology is not only a national security threat, but also unethical.” He has no conscience.” Krach replied: “My fellow Silicon Valley CEOs ask me when Chinese companies will come off the Commerce Department’s export control list under the Treasury Department’s capital markets OFAC sanctions,” Krach said. “They should be. Policy consistency is critical.
During the conversation, Turkel recalled that Taiwan’s ambassador to Washington, Bi-Kim Hsiao Krach, had called him “Taiwan’s number one friend.” After a recent visit to Taiwan, Turkel asked Krach whether China might invade Taiwan, saying that “China’s military threat is a threat.” Krach hailed Turkey’s message that if China annexed Taiwan, Taiwan’s fate would echo the situation of the Uyghurs in Xinjiang. “Especially coming from you, who grew up in a re-education camp, I think that hit home,” Crouch said. Assessing the gravity of the threat, Krach said, “The free world must stand with Taiwan—the guardian of democracy and the paragon of freedom.”
On the conflicting role of ESG (environmental, social, governance) investing in Chinese entities, Turkel uses a new Wharton Business School case study based on Krach’s “Clean Capital Markets Campaign” of the solar industry, which has been heavily embroiled in the Uyghur massacre. It is a clear example of how ESG investing in Chinese entities can be inherently conflicting. “Investors, consumers and voters want a ‘clean’ supply chain for clean energy, but the ESG investment industry fails to deliver,” Turkle said. Krach then asked whether Chinese solar companies that survive on slave labor should be included in ESG investments. “If you’re serious about applying the standard, they should all be removed for three reasons: E, S, and G,” Kracht replied. He explained: “E stands for environmental standards and all of their energy-intensive manufacturing processes use unregulated coal. S stands for ‘social responsibility’ and they all use Uyghur slave labor. G stands for good governance and there is no financial transparency, and it is not possible to audit their books.
Turkel observes that Krach was sought on both sides of the aisle in ways that defied conventional wisdom in Washington, highlighting Krach’s architect of the CHIPS and SCIENCE Act, strengthening ties with Taiwan, securing semiconductor supply chains, training diplomats in tech statecraft, and devising strategies for China’s human rights abuses. The Biden administration’s top Indo-Pacific affairs chief, Kurt Campbell, said that almost all of Keith’s work at the State Department, including fiduciary networks, the Blue Dot initiative, and so on, has been followed up in the current administration. It is in many ways the highest honor for your exemplary work.”
“As the great late Senator Vandenberg said, politics stops at the water’s edge, and it’s on the shores of Taiwan,” Krach said. It is very important when it comes to issues such as countering China’s four-pronged attack. Nothing scares General Secretary Xi more than the United Nations. And for our partners, policy continuity is everything.
Finally, Kracht and Turkel discussed developing a global technology security strategy at the Purdue Kracht Institute for Tech Diplomacy, where Turkel serves as a senior advisor, and the Commission on Global Tech Security, established by the Kracht Institute and the Atlantic Council. The Institute’s mission to advance trusted technology is an integral part of Purdue University’s focus on national security, and it foreshadows the Global Tech Security Commission’s plan to develop offensive and defensive strategies to combat techno-tyranny. Global TechTrust Network to adopt TechTrust standards to accelerate adoption of trusted technology.
The full video of Krach-Turkel’s briefing is available here.
About the Krach Institute for Tech Diplomacy at Purdue:
The nonpartisan Krach Institute at Purdue is committed to tech diplomacy on a mission to advance freedom through technologies and democratic principles. The Krach Institute leverages Purdue’s leadership in innovative research, entrepreneurship, STEM education, corporate partnerships, and national security to advance the fields of technology diplomacy and technology statecraft. It is the world’s leading institute focused on Tech Statecraft, a new model of diplomacy that combines high-tech strategies and foreign policy tools with the goal of mobilizing partners, leveraging the private sector, and promoting trust-based democratic values.
For more information, visit www.techdiplomacy.org and follow the Krach Institute for Tech Diplomacy at Purdue. TwitterLinkedIn and YouTube.
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