Washington, D.C. – The American Economic Liberties Project released the following statement in response to news that the Chair of the Defense Innovation Board, Michael Bloomberg, apologized for remarks made by the keynote speaker at his Bloomberg New Economy Forum in Singapore that were critical of the Chinese government and its leadership. His remarks were inconsistent with President Biden’s 2022 National Security Strategy.

“For too long, decisions made by the U.S. government have been shaped by business leaders who put personal and company profit ahead of national security and the best interest of the United States. Michael’s Bloomberg apologizing for a speaker at his Bloomberg Economic Forum calling China autocratic and coercive, the exact words used by the President in his recently released National Security Strategy, in Singapore last week is a classic example of this dangerous trend,” said Lucas Kunce, National Security Director at the American Economic Liberties Project. “Bloomberg has no business being Chair of the Defense Innovation Board; he should resign or be replaced.

Learn more about Economic Liberties here.

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.