91–100 of 233 posts
America should use the "we need to spend spend spend to revitalize the economy" to domesticate more industry.
As a taxpayer, I'm not particularly keen in seeing my money subsidize privately owned firms. Spend-spend-spend should either be done through secured loans, or by the government receiving equity.
Earlier quoted context omitted.
USA has some of the lowest cost of energy / electricity in the world and one of the best rail-freight systems in the world. Our passenger rail sucks and our people are expensive. But significant manufacturing remains in the USA (yes, we manufacture more today than ever before, despite the hoopla about outsourcing). There's a reason for that: USA has some pretty good advantages if you know what to look for.
I (we... us Europeans) often make fun of the US but when shit hits the fan the US often seems to be quite a bit better at actually getting stuff done .
A lot of it is just arguing with ourselves over what to do. But if a consensus is reached, Americans can get it done pretty quickly. There's just so much discussion / debate / noise now.
Earlier quoted context omitted.
As a taxpayer, I'm not particularly keen in seeing my money subsidize privately owned firms. Spend-spend-spend should either be done through secured loans, or by the government receiving equity.
Sometimes the govt needs to intervene and provide resources when you want to get things done properly. https://en.wikipedia.org/wiki/Heavy_Press_Program
> "Having 80% of all supply in Asia simply isn't a palatable manner for the world to have its view of the most critical technology," Mr Gelsinger said. Eh, the whole set of FAANG plus Intel itself is based on American West Coast, and this guy's take is that so many chips being made in East Asia is not "palatable" for the world? There's nothing wrong with saying "That's a large pie they're eating and we want a bigger…
America should use the "we need to spend spend spend to revitalize the economy" to domesticate more industry.
I think a national security argument will highlight the importance and urgency a lot better.
Earlier quoted context omitted.
that would be good, but it would be even better to be the people that have the advantage.
I don't understand this thinking. Why would we want to impoverish others? After all, it's not like these power brokers give a shit about the American public, it's about great power competition.
Earlier quoted context omitted.
Asia is not a continent though, more like “other worlds that don’t speak Indo-European languages”
"Indo" in "Indo-European" comes from India, one of the two largest countries on the Asian continent. You might classify some languages spoken in India as.. Indo-European. Shocking. Those Indians who speak those languages.. are Asian! Surprise! Since you missed third grade geography, the other continents in addition to Asia are Europe, North America, South America, Africa, Antarctica, Australia, and recently discovere…
> "Having 80% of all supply in Asia simply isn't a palatable manner for the world to have its view of the most critical technology," Mr Gelsinger said. Eh, the whole set of FAANG plus Intel itself is based on American West Coast, and this guy's take is that so many chips being made in East Asia is not "palatable" for the world? There's nothing wrong with saying "That's a large pie they're eating and we want a bigger…
But at the end of the day, that IS reality, and it's a systemic threat to both Europe and the US. The fact it's self-serving doesn't make the statement any less factually accurate or important.
> "Having 80% of all supply in Asia simply isn't a palatable manner for the world to have its view of the most critical technology," Mr Gelsinger said. Eh, the whole set of FAANG plus Intel itself is based on American West Coast, and this guy's take is that so many chips being made in East Asia is not "palatable" for the world? There's nothing wrong with saying "That's a large pie they're eating and we want a bigger…
When he says "the world" he means the US and western Europe.
I would even say it is even more heavily dependent on the cellphone than the west.
TSMC is far too important to far too many parties. We're getting dangerously close to a direct US/China war for Taiwan. That wouldn't be good for anybody. Both sides will claim it's about something else, but really it's all about the chips.