Earlier quoted context omitted.
This sounds almost like a parody of an uninformed rant against capitalism. Stock buybacks are a simple standard way to distribute company profit to it's owners (alternative options are dividends, retaining the profits in the balance sheet, or reinvesting them). This is decided by Intel's management and overseen by the board who represent the interest of the stock owners (who are widely dispersed and include lots of p…
Subsidies are always bad for the common citizen so no, it is not acting in the interest of German/European citizen. Subsidies are the product of flawed economical thinking even when "national interest" is used as a BS justification.
Germany paying $5.5B for Intel fab
551–560 of 593 posts
Re: Germany paying $5.5B for Intel fab
#552Earlier quoted context omitted.
Nowhere did I say that economic freedom and political freedom are mutually exclusive. What I do protest however is the idea that only political freedom can be considered a legitimate form of freedom. I am making the case that: - economic freedom is an equally valid form of freedom. - societies can make up their own minds on what sort of freedoms they value most. As for "erosion of freedom in the last 10 years in Chin…
The "economic freedom" you describe is not freedom. A better description is "bread and circuses", after the way Roman emperors supposedly kept people happy. The West is familiar with societies like that, because it also describes most of our history. When the elites try to keep the people they depend on prosperous and happy, it's not freedom. It's just common sense for them. Freedom is not about the freedom of the we…
The hard data from a decade of research is very clear about the fact that Chinese people are overall very satisfied about the direction of their country. No matter what rhetoric you employ, you argue purely from your own perspective and your values. That is fine — for your own country. The Chinese people should have a right to disagree with you on what they value in their own country.
Re: Germany paying $5.5B for Intel fab
#553Earlier quoted context omitted.
Democracy means you can alter the future direction of your country by simply voting, which took me 15 minutes. Don't think joining a party with clear views and goals would let you have any significant effect on its trajectory without decades and lots of luck.
i dont think thats a strength as you make it out to be
Re: Germany paying $5.5B for Intel fab
#554Earlier quoted context omitted.
> Since at latest 2004, a significant goal of the group has been the foundation of a Sunni Islamic state. Specifically, ISIL has sought to establish itself as a caliphate, an Islamic state led by a group of religious authorities under a supreme leader – the caliph – who is believed to be the successor to Prophet Muhammad. Furthermore, it is worth studying the Arab Spring and what the underlying causes were: https://e…
Doesn't change the fact that America spent the last 20 years on a mass-murder spree in the Middle East.
Re: Germany paying $5.5B for Intel fab
#555Earlier quoted context omitted.
> It's because Chinese define democracy by whether they believe their government works for their interest and whether they yield good results, not by how their government is elected. I'm going to be thinking about this sentence for the rest of my life
Except they have no recourse when the party doesn't work for their best interest. It has been repeated a lot in the past decade because overall things improved but recently the population of Shanghai was put under a terrible lockdown, the government didn't have their best interest at heart and what happened? Nothing, because they can't change anything and because the party doesn't care about their best interest. The…
Yes the Shanghai mess was gigantic. But even so, by and large, the Chinese people are supportive of lockdowns even if they protest against specific logistical problems, fuck ups and the overall strain placed on their lives. The Chinese government doesn't lock down because they are an evil oppressive regime, they lock down because the public is at large still very supportive of lockdowns as a measure (especially given the fact that vaccination rates in China are relatively low, and that Chinese people fear COVID much more than people in the west do). If they don't lock down and they let millions of people die through COVID, that's when you will see mass protests and riots.
That "they don't have recourse" is false, this is a stereotype. Protests are commonplace in China. There are literally thousands of protests every year, and often the government is responsive to such protests. Not every single protest is respected, but many are. The Chinese government performs a lot of polls and surveys to elicit feedback and to gauge satisfaction. There's a reason why hard data from a decade of research has shown that Chinese people increasingly believe that the government represent their interest well.
All this stereotyping of the party "only caring about itself" doesn't even make sense when you consider that the party consists of 95M people, or about 5% of the population. Everybody has some extended family member that's a party member. That's a big amount of representation.
I'd say most of the ideas about China come from some sort of reasoning on what a stereotypical authoritarian regime looks like, as opposed to actual facts on the ground. Is China actually authoritarian? From a western perspective, I guess so. But even so, what's underappreciated is that China is a very atypical "authoritarian" regime with a lot more grassroots representation and feedback than one might expect from a stereotypical authoritarian regime.
Making the populace happy being a lever to stay in power — sure, agreed. That's not a bad thing, that's how it's supposed to work in China — the party derives legitimacy from doing good work, and if they stop doing good work then all hell will break lose and the country will plunge into a civil war, as China has seen time and again in the past 2000 years. The government knows this, the people know this, thus the government knows it better do a good job, or else their heads will roll.
Re: Germany paying $5.5B for Intel fab
#556Earlier quoted context omitted.
So what's your plan when China makes good on their promise of trying to take Taiwan and either seize or inadvertently destroy TSMC's 54% share of global chip market[1]? German automotive industry would grind to a halt as they run out of chips. Better yet, if America comes to the aid of Taiwan, China would likely strike US bases in Japan and Korea, threatening even more of the global chip supply. [1]: https://www.tech…
You're right! Give Intel and Tesla much more!! lol
Re: Germany paying $5.5B for Intel fab
#557Earlier quoted context omitted.
Yes it doesn't revolve around America vs Russia You have to consider the EU vs Russia. It's not in EU's or Germany's intrest to keep trading with Russia
It is though, they get something like 40% of their gas from Russia, and 30% of oil imports. It is immensely in the interest of Germany to have good relations and continued trade with Russia.
Russia has regularly ppl killed on european soil. Sometimes using chemical weapons that cause collateral damage.
Russia has an extensive propaganda and disinformation network running in europe.
Russia massively buys political influence by shopping for ex politicians, this way corrupting the political process.
Russia has a history of military conflicts with its neighbours, see occupation of Trnsnrista in moldowa, abchasia and south ossetia in georgia, the annihilation of chechnia, all the stuff in ukraine and helping belarusian dictator Lukachenko suppressing his people.
Looking at the levels of gas storage in europe by gazprom it is very obvious that its behaviour was not driven by good faith financial interests but as a weapon of the kremlin against europe.
And lets not forget the shooting down of MH17 where, not only did the russians deny any responsibility, they even clogged the public discourse with disinformation campaigns of tons of ridiculous and contradictory theories.
So, no it is not immensely in the interest of Germany to have good relations and continued trade with Russia as long as this regime is in power. Flood ukraine with heavy weapons till the russians are driven out. Then put up a new iron curtain till something substantial changes for the better.
Re: Germany paying $5.5B for Intel fab
#558Earlier quoted context omitted.
It was a very bad idea. "We don't need nuclear power, we have Russian gas" is pretty hard to defend as an idea, really. Especially after Russia went pretty overt in its ambitions to re-establish the empire. And the invasion of Georgia was years before construction of Nord Stream 1 started and Nord Stream 2 went into planning . The annexation of Crimea years before the construction of Nord Stream 2 started.
Fun fact: the rabidly anti-Nuclear part of German politics is the Green party. Who are also the most pro-American and pro-War faction these days. It makes 0 sense.
Re: Germany paying $5.5B for Intel fab
#559Earlier quoted context omitted.
I don't give a fuck about tactics and crap, this isn't Starcraft. My definition of winning is the same definition of winning war has had since the beginning of time: achieving one's political objectives. Ukraine's political objectives are: * To be in the strongest possible position at the peace table * To get military and political support from the West against Russia during the conflict and after the conflict is ove…
How does losing territory put Ukraine in a strong position in the negotiating table? Longer this war lasts, more territory Ukraine will lose. The only place Ukraine is winning is in Western media.
Russia's currency is stronger than before the conflict, their trade surplus is larger, they are making more money from elevated energy prices, they have and will have more territory.
Europe / Germany through stupid sanctions, and talk of more, against Russian energy have inflated energy prices and now have to purchase energy in Rubles after they confiscated Russian Euro and USD foreign exchange reserves. Whereas before they could purchase all in their own currency and were in talks to expand gas supplies through Nord Stream 2, now they've cancelled that project and on the margins have to buy Rubles to buy energy.
Prediction: The pain will increase on Europe and they will realize their bread is buttered in the east, they will come to the conclusion that positive trade relations with Russia, compared to the US are more advantageous and eventually they will approve Nord Stream 2. They will do everything they can to regain the ability to buy all or most energy and commodities from Russia in Euros, meaning ending sanctions and not expanding them.
Good video describing the geopolitical dynamics of European / Russian trade relations after the war ends in Russian victory: [0]
Re: Germany paying $5.5B for Intel fab
#560Earlier quoted context omitted.
There will be a huge knowledge transfer into Germany during this process. Fab's are fabulously intricate and difficult to run. $5.5 billion to teach your populace how to make chips? Worth it.
Companies like Intel don't transfer knowledge. In fact, they often suck local talent out.