Unprecedented rapacity by the United States - not only forced tech transfer, and then having to pay for the privilege of being robbed; the hegemon is consuming its vassals, as it withdraws from its commitments.
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US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
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Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
#62This whole economy by corruption and coercion is not going to work out.
I don't see how it can't work at least short term, when the US is by a long margin the world leading military and economic power. Why else has the US been overspending on military for decades and planting military bases and nuclear submarines all over the world, to become the world hegemony, if not to bully everyone in doing its bidding when push comes to shove? I'm not defending the actions of the US, I'm just askin…
The Soviet Union overspent on military, so much that lots of its military equipment is still present today: https://en.wikipedia.org/wiki/List_of_main_battle_tanks_by_c...
If anything, it shows the opposite of what you are saying.
Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
#63Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
#64[deleted]
Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
#65Earlier quoted context omitted.
I don't see how it can't work at least short term, when the US is by a long margin the world leading military and economic power. Why else has the US been overspending on military for decades and planting military bases and nuclear submarines all over the world, to become the world hegemony, if not to bully everyone in doing its bidding when push comes to shove? I'm not defending the actions of the US, I'm just askin…
It won't work out because the people in charge are the dumbest motherfuckers imaginable. They are utterly convinced that every one of their stupid ideas is brilliant, that they know everything, and that the way forward is to liquidate anyone who has the audacity to say 'no' or 'you're wrong' to them. That's not the roadmap to good management of anything, as literally anyone who has ever worked a job will tell you. Ho…
I'm not sure they're convinced that every idea is brilliant. They're convinced that they have to convince everyone else that every idea is brilliant, because if they don't, everyone else will wake up and realize that many of their ideas are in fact not all that bright.
Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
#66Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
#67[dead]
Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
#68Tariffs kinda make sense when you have a deficit in a widely available item. Big trade deficit with Bangladesh? Sure you can buy cheap textiles from Thailand or Vietnam or something. Unfortunately this approach does not work when you lack a viable domestic alternative and you're up against a monopoly. What will the US do if TSMC does not blink? Not buy TSMC made chips? Obviously that is impossible, so the logical con…
> ... American consumers will end up paying the tariffs This has always been the case. I have never heard of a company absorbing tariffs on behalf of consumers in the day and age of "trickle down economics".
So far indications are many companies are eating the tariffs, for now.
Even making them visible has drawn the ire of Trump a few times already.
But I generally agree that it can't go on forever / not how it works historically.
Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
#69This whole economy by corruption and coercion is not going to work out.
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Re: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief
#70Unprecedented rapacity by the United States - not only forced tech transfer, and then having to pay for the privilege of being robbed; the hegemon is consuming its vassals, as it withdraws from its commitments.
Well China has been forcing tech transfer for 30 years now.
And China is becoming increasingly isolated from the rest of the Western world. I'm amazed that the US is following suit.