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tv   WSJ at Large With Gerry Baker  FOX Business  May 30, 2021 6:30am-7:01am EDT

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senior strategic analyst retired general jack keane all coming up this weekend. every weekend you will start smart right here on foxbusiness six until 9:00 a.m. with "mornings with maria" on foxbusiness, start your day with us every weekday and i hope you will. that will do it for us for this weekend and thank you so much for being here, have a wonderful memorial weekend as we remember and honor our nation's heroes. ♪♪ >> welcome to "the wall street journal" at large. when prominent republicans alleged over one year ago the covid-19 pathogen might have leaked from a chinese government lab they got the usual treatment from the truth vigilantes in the media. tom cotton the arkansas senator was among the first question the official chinese version that the virus had passed from animals to humans from a so-called wet market in wuhan. instead he suggested the fact of
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the city was also the site of one of china's largest centers for the viral research and the communist parties apparently limitless capacity for might suggest skepticism in the lab leaked a theory could be more plausible. the media immediately piled on an senator tom cotton repeat fringe theater of coronavirus theory. he's playing a dangerous game with his coronavirus back elation on cnn. >> the lab leaked theory does not seem like a plausible theory. >> there has been no formal evidence. >> sounds like coming from a comic book or marvel movie. gerry: comic movie, all these conspiracy theories and the media were dutifully repeating the chinese government message endorsed by the world health organization and to their shame many scientists in this country whose work actually was dependent on good relations with beijing. only an idiot could possibly believe the lab leaked theory. well, it seems today that there might be a lot of idiots. in the last few weeks evidence of the virus may emerge from a lab has become much more persuasive in "the wall street
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journal" reported last week three researchers at the wuhan lip oratory got so sick with viral symptoms they needed hospital treatment and that was in november 2019. you may recall a couple weeks go on the show we interviewed a distinguished science journalist whose intensive reporting suggested the lab was indeed the more likely source of the pandemic that has killed millions of people around the world. and now president biden has ordered u.s. intelligence services to report within 90 days on the possible origins of the virus. now, we should stress it is to build early to say with any confidence how did it get started but the lab leaked theory is now no longer a fringe or conspiracy theory. in many way the larger question is what does this tell us about china and its emerging role as a world superpower? for quite some time out intellectuals in this country and elsewhere that included growing self-confidence in china itself and the communist country is the ascendant to global power and they know the growth of china's economy, rising
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geopolitical and military strength, its relative social stability and they contrasted with the relative weakness of the united states in the last 20 years. they argue that china is demonstrating in fact the superiority of its system of the state directed capitalism and authoritarianism social control. perhaps the whole covid story might lead us to reassessment of our impression of china. not as a country that is inexorably rising to its own efficiency in its own strength of its own system to dominate the world but one that impact has its own deep pathologies, too. at the lab leaked story is true it suggests a remarkable degree of ineptitude, deadly failure and reckless negligence. and we already knew that even as china claims to have controlled the virus better than other countries it has in fact demonstrated the coverups, falsehoods, many ablation of evidence, bullying and intimidation and none of that sounds like the characteristics of a confident, inexorably rising superpower but sounds come in fact, a little like the soviet union handled the
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chernobyl nuclear explosion in 1986 and a secrecy and coverups. an event that revealed how hollow the communist party's claims were in the country. but what might be be learning out about modern china? what role it is going to play in the years to come. i'm delighted to have two discusses oxford university professor of history and award-winning author, latest book is called china's good war how world war ii shaping a new nationalism pick professor, thank you for joining me. >> terry, great to be here today. gerry: what are the chinese, how are they treating this, we heard they respond even really to wasn't biden's suggestion or demand for an inquiry saying this was typical u.s. manipulation of the facts so how is the chinese been talking about the origins of the virus in in their own expiration for it? >> i think, gerry, there are two conversations going on in china at the same time. one is short-term and one is
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long-term. the short term one is one that looks around them and says look, at the moment because of the extremely, you know, hard-core tactics that have tried to push on the virus basically shutting down large sectors of the cities even one infection that comes up basically shutting off the entire country, quarantining it strongly and in the short-term china's life has turned back well toward the normal in terms of people going to restaurants and movies or whatever it might be and the general population but when you look at chinese social medium and that is the best ways to get a quick take on what the general middle-class is thinking that they are okay with it for the moment but the long-term issue is much more worrying one. they will look at what china's thinkers, not just scientists but also actually academics, university professors are saying and talking about and i think they're really very worried about the fact that three academic inquiry on a whole variety of subjects whether it is science or politics is being much more restricted and in the short-term it's possible to's
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shutdown conversations but in the long term society wants to drive will have to very difficult conversations that could be about covid or geopolitics or at about china's place in the world and so far that conversation is quite narrow and china's intellectual community. gerry: it is true, isn't it professor, especially on the president xi that they become much more assertive and much more, it spent a lot of time even as it has been growing in the last 30 years almost talking down its significance but you talked about a new nationalism and there was a much more assertive idea and idea that china is, in many ways superior to rival systems. his covid, in any way affecting that in or they are claiming to adult with it so successfully that they are reinforcing their own claims? >> since the year 2017 when president xi gave a major speech of the communist party congress that is the moment china declared openly to go global and really talked about having that wider global role and economics of course is a part of that and
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some called the built in wrote initiative being and for structure and digital outreach, funding, investment, loans going to the rest of the world and that is part of that wider message but it is also, as you say about china's ideological position in the world. china portrays itself as being, maybe not superior but certainly significantly different from the western world, from the liberal world because it obviously doesn't need democracy but has all meritocracy. no one gets to the top in china unless they've made their way through the party system, governing big providence and ruling the city and then getting to the top. but beyond that they also look at whole variety of things including covid and at the beginning of last year 2020 it looked like the outbreak of the pandemic might be, as you said, in your introduction eight chernobyl moment. it is not what they are say now but now they are saying look, we managed to push back the virus and managed to re-create something that looks like normal life within china as long as we don't open the borders and that shows that we, as [inaudible],
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are able to do better than the democratic country like india or brazil and even the united states. gerry: briefly because we got to go on but if it does and we stress us and we don't know the origins of the virus but it if it turn out the recitation does turn out plausible evidence and again there has been really serious work now that suggests this is a plausible expiration of a lab leaked three that to what extent will it even be heard in china, as you say social media is more important than the official response in that respect so and to what extent right to change the way chinese people think about their own system and their own government? >> i think china's own people are confident about their system at the moment and they do feel that because of the middle-class lifestyles that they are doing well but i think were to push is transparency. there's an argument to say that if the united states, china, big countries on the world are transparent with each other that it will exactly happened during the pandemic but in the end that's good for everyone but i
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think that is the kind of collaborative message that the liberal world could really push say look, we've done well with our vaccines because the transparency and scientific openness in china can do this too. that's a helpful message to put out there, not a hostile one. gerry: professor, thank you very much indeed. >> thank you, gerry. gerry: coming up, a year after the death of george floyd progressive run cities push to defund the police are facing some violent consequences but we some violent consequences but we talk about that next. we are thrilled we finally found our dream home in the mountains. the views are great, the air is fresh. (sfx: branches rustle) it is bear country though. hey boo-boo! we hit the jackpot! bear! bear! bear! look, corn on the cob! oohh chicken! don't mind if i do! they're hungry. t-bone! that's what i call a smorgasbord! at least geico makes bundling our home and car insurance easy. they do save us a ton of money. we'll take the cobbler to go! good idea, yogi. i'm smarter than the average bear! they're gone, dad! for bundling made easy, go to (vo) ideas exist inside you,
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different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. gerry: this week the nation marked the first the death of george floyd. democrats and the friends of the media use the opportunity once again to bewail the fundamental injustices of american society. of course, there are serious injustices and they do still need to be addressed but much larger than the threat posed by supposedly racist police officers to many black people in this country is the threat and the reality of violent crime.
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the anti- police rhetoric protests and violence that engulfed the country last summer ended up hurting far more incident black lives in the supposed threat from police officers. because to defund the police which were accompanied by the tree of law enforcement for many neighborhoods lead to predictable surge in violence across the nation. some democrats would like to persuade you that they are, in fact, truly serious about law and order but james carville bill clinton's former campaign manager wrote this week that his party is the quote, anti-crime party seriously? he should tell that to the residence of democratic control cities that seem terrifying outbursts of violent crime in the last year. in portland, homicides are up eightfold, in manassas and oakland murders have doubled in the white house refuses even to use the word crime calling it instead community violence. this week joe biden's press secretary attributed all to a lack of gun control. >> is there a crime problem? in this country? >> certainly there is a gun
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problem that and that is something the president would say. gerry: apparently it's a gun problem rather than people using them. awkwardly, most cities have seen big spikes are those that have cut funding to police and last year. this week is wall street journal reported cities like new york, baltimore and oakland which all cut funding for the police have quietly begun restoring those cuts. that's a welcome move and a return to sanity but it's come much too late for those who been crime victims in the last year and so many americans whose lives and livelihoods of an sacrifice to an ideological agenda and meanwhile of course, the violence continues with continuing to rise and so what can be done about it? we saw a rise in murders last year was detroit where homicides were up by more than 20% and shootings up by more than 50% and the police chief there is james craig and he joins me now, to craig, thank you for joining me. >> glad to be on your show. gerry: tell us what's going on in detroit. like many other cities you've seen a big increase in violent crimes or tell us what you think has been going on?
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>> you know, a lot of issues going on. starting last year with the pandemic certainly with the weeks and days of protests like most cities we had a significant number of our resources to manage it although detroit did not burn and there was no looting and we have a great relationship in our communities and i know that was a key factor but also just the fact that detroit we did not retreat. we were not going to put up with the zones and not put up with looting and burning and the police station takeover and that was not an option but it's a gun problem. the problem is a criminal problem. criminals with guns and that has been one of the things that we have focused on an good news for detroit is unlike other cities our men and women feel supported. they go out and put themselves in harm's way and we are making anywhere between 60-100
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concealed weapons arrest a week and that is very significant. we are doing the work that needs to be done but often times when you hear folks talk about the increase in crimes they conveniently leave out the other part. one, let's talk bail reform for a moment. it is been misapplied in the judgment or lack of judgment being used is horrible and right now we have something like 13, i am told 13 individuals who were charged with premeditated murder and because of bail reform in the courts have been closed they are being released. gerry: too many people are getting a release who should not be on the streets awaiting trial, right? >> right, i mean, we've got to use better judgment. do we think these individuals who are violent are acting like boy scouts?
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you know, when you look at the rise in crime you got to look at what is consistent. one thing that is consistent is this thing called bail reform and another consistency is the anti- police rhetoric. we have seen increased aggression directed towards our police officers. you know, to make statements about it is a gun problem is a criminal problem. criminals today feel emboldened. gerry: chief, we got to take a quick break but when we come back i want to talk more about policing and indeed about the other issues that you talked about and also what we can do to reverse this terrifying spike in violence that we've seen over the last year. stay with us. ♪♪
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wasn't like it was today. you have people who sit in seeds of influence whether elected to those seats were not standing up and supporting the men and women who serve and that is a problem. and then the whole defund the police movement of dismantling the police involves some cities are backing off of that strategy truly is still of built effort to dismantle because what is on the table still is ending qualified immunity. what will do that due to the police departments? gerry: right, exact, you seen these reform bill that they're trying to push through congress and it does look as though any talk about this this rhetoric about anti- police rhetoric it does look as though a large part of one of our major political parties is kind of anti- police and they seem to be in so many of those democratic-controlled cities they take a position that seems basically to regard the police as the enemy. gerry: >> i've got to tell you i'm in the democratic-controlled city
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and i will tell you one the people who live and work in the city support this department. when we went to this as i like to actually refer to the summer of love and the weeks and days of protest this city stood behind us, stood with us and certainly the merit was supportive of how we responded as a police department and we were in sync. gerry: but it is not truly and many other places and i appreciate that you got a different political situation there in detroit but it's not true a lot of cities but is it? a lot of mayors and a lot of local governments actually oppose the police? >> , look at portland for example. look at seattle. what an embarrassment and when we talk about the impact to business businesses are leaving those cities. they are going other places like florida, texas, you know. and so, it's having a significant impact.
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what is really sad when you talk about everything. gerry: just briefly, go ahead. >> what about the people who live in vulnerable neighborhoods? who talks to them? gerry: they are the ones that have lost out in the last year. james craig, chief of police for coming up, the wave of woke culture culture has not managed to raise memorial day, at least not yet. on how the state has the power to unite this country. to unite this country. ♪♪ it's not some magical number. and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended. though the ups...
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♪ ♪ the united states has observed each year in the official calendar days the mark uniquely american events and themes paid moments when we celebrate or commemorate the people in the institutions that represent the remarkable progress america has made in its nearly 250 year history. there's july 4 and thanksgiving but other days two, president's day and martin luther king day remind americans of who they are and how far they have come as a people. the progressive overlords in our education on culture and institution these days have been steadily raising most of the landmarks of american industry to reeducate us in their fanatical ideology that america is, in fact, a uniquely evil country. christopher columbus has been canceled much of the country a racist white guy from europe and even the revolutionary founding itself is in danger and we are not told that 1619 was the first slave ship arrived on the shores and not 1776 is the true starting point.
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for now, at least memorial day survives and though you could wonder how much longer before that too gets written out of american culture when you consider how it started. origins of memorial they are in dispute but it seems to be gun in the south when families of confederate soldiers began decorating the graves of their civil war dead. even arkansas war in the old south was still seen as a confederate holiday. over time it became something quite different. not an occasion the reminds us of the divisions in the country but a day to commemorate its unity and opportunity to give solemn thanks for the military who made the ultimate sacrifice in defense of the laboratories of the american people. the observance of memorial day in fact, establishes a metaphor for this nation itself an imperfect country certainly bloodied by civil strife but nonetheless come together over time to write its wrongs and promote and defend the values on which it was founded. memorial day is a moment to
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reflect how in two world wars and countless complex of continued right up to the present day american men and women have given all so the rest of us can live in peace, unity and freedom. we owe it to them to keep working to build the more perfect union that they died for. that's it for us this week, i'll be back next week more in-depth interviews on "the wall street journal" at large print thank you for joining us. have a lovely memorial day weekend. ♪♪ >> "barron's roundtable" sponsored by invesco queue queue queue. ♪♪ >> welcome to "barron's roundtable" where we get behind the headlines and prepare you or the week ahead. i'm jack. coming up, one of barron's most 100 influential women in u.s. finance tells us how to capitalize on new retail trends as people had back to work and later we look at the shortage of everything from housing, to appliances, semi conductors and pet food, everything's to be short supply for how long will


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