Fox Business News
Date: April 14, 2019
By Charlie Kirk
China is our greatest enemy.
When I first said this at an event a few years ago I was met with laughs and protests of disgust from collegeOpens a New Window. students. I was doubted and considered to be “fringe” for having this belief.
Now, as we stand today, when I say this on campus or at GOPOpens a New Window. meetings, I am instead met with agreement and applause. There is now widespread agreement that China is our biggest and most formidable enemy that should by no means be underestimated. They are hacking our cybergridOpens a New Window., building a massive armyOpens a New Window., purchasing assets around the globe and implementing spies throughout our country.
It begs the question, what else are they doing that we aren’t noticing?
Difficult as it may be to imagine, the Federal Communications Commission (FCC)Opens a New Window. may soon allow a group of foreign satellite companies – one of whom is partially owned by our unyielding adversary, Communist China – to reap billions selling strategic American assets given to them for free. If Republican lawmakers don’t immediately intervene, U.S. interests, and American taxpayers – especially those who reside in the rural interior – are going to lose. Big time.
At issue is the FCC’s laudable goal of increasing America’s capacity for faster and more reliable internet by freeing up the 3.7 GHz to 4.2 GHz band – commonly referred to as “C-Band” – for internet services. This repurposing of the C-Band spectrum for mobile broadband deployment could ensure America wins the race to 5G. The timing is especially welcome, given that Chinese telecommunications company, Huawei, is poised to shortly dominate half of the global 5G market – posing massive national security risks for the U.S. as we build out 5G domestically.
What isn’t welcome is the profiteering scheme recently hatched by the four satellite companies that currently own 100 percent of the C-Band spectrum over the United States, and which was licensed to them for free by our government back in the 1960s. The one firm proviso? Wield this power in the American public interest. Now those four companies – Intelsat, SES, Eutelsat and Telesat – have conspired to manufacture their own lobbying vehicle named the “C-Band Alliance” (CBA). The CBA’s sole mission is to convince the FCC to permit a dramatic subversion of the American public interest by allowing them (the CBA) to privately sell off their C-Band spectrum, reaping billions – potentially tens of billions – that rightly belong to the American people.
Compounding the outrage is the very nature of these companies, which, while nominally “American,” are in reality, anything but; they are, in fact, based on foreign soil, and owned and run by foreign investors. These include the massive Bank of Luxembourg, a myriad French and Canadian interests, as well as our committed adversary, China, through its sovereign wealth fund – the China Investment Corporation (CIC), otherwise known as the wholly-owned investment arm of the Chinese Communist Party (CCP).
It is safe to conclude that none of these entities would feature “America’s public interest” at the top, or even on, their priority list. [FULL STORY]