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Sen. Mark Warner calls China a greater challenge than the Cold War

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
November 16, 2021, 10:37 AM ET
Alan Murray, CEO of Coins2Day, and Sen. Mark Warner (D-Va.)
Alan Murray, CEO of Coins2Day, and Sen. Mark Warner (D-Va.)Rebecca Greenfield for Coins2Day Magazine

Sen. Mark Warner coauthored the hard-won $1 trillion Infrastructure Investment and Jobs Act, which President Joe Biden signed into law Monday, and is currently working to find the slim majority needed to get the Build Back Better Act passed, but the Democrat from Virginia says his biggest concern these days isn’t partisan politics—it’s China.

Competitive and economic threats from the Communist nation are a “much greater threat than anything we faced with the Soviets,” he told Coins2Day CEO Alan Murray at the CEO Initiative Tuesday. 

Despite the fact that the country is stealing intellectual property at unprecedented levels and has an “Orwellian” surveillance state, too many American and international businesses have been willing to look past those issues for fear of missing out on the Chinese market, Warner said.

But the advent of 5G technology was a wake-up call for many, he noted.

“We’ve been so used to every tech innovation, even if it was not invented here; we got to set the rules,” he said. “5G was the first time…where [China] was setting the standard, and suddenly the international community and America didn’t have a player in that. That woke us up.”

The concern about China hasn’t distracted Warner from domestic matters, however. Calling the negotiations for the infrastructure bill some of the “ugliest I’ve been involved in,” he’s now focused on promoting the Build Back Better Act.

“I think the prognosis is still pretty good,” he said of the bill. “We’ve been awful about arguing the top line instead of discussing what this includes.”

It’s that focus on costs, rather than benefits, that he thinks played a role in recent elections, which saw the Democrats lose several key races, including the governor’s office in Virginia.

Had the infrastructure bill passed in September, he said, that would have given Terry McAuliffe and other Democrats an opportunity to explain how the bill would help the state—and that could have helped turn the tide, he noted.

That makes it more important than ever for the Democrats to pass their agenda well in advance of the 2022 midterms, he added.

“Pass the damn bills and go out and explain what’s in them,” he said. “Show [voters] that you can get things done.”

More politics coverage from Coins2Day:

  • Biden’s vaccine mandate may be tied up in court—but employers shouldn’t wait to enforce it, say legal experts
  • Remote workers will not have to report proof of vaccination under OSHA’s new mandate
  • New York City mayor-elect says he’ll take his first 3 paychecks in Bitcoin
  • Congress passes $1 trillion infrastructure bill
  • Ethical leadership requires 6 qualities—and Mark Zuckerberg lacks two of them, argues a management expert from NYU

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Coins2Day, covering everything from general business news to the video game and theme park industries.

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