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No, it's not. Nobody said that. Stop screaming nonsense so that someone will argue with you.
So why aren’t you all screaming about those as much as you scream about TikTok
ITT Software Engineers who think that US Steel is the only US steel manufacturer because of the name. Nucor is bigger and better. You guys always want to prop up failing companies when we have better alternatives right here. Christ, we'd have an annual bailout for IBM's laptops to keep them from selling to Lenovo. I can just imagine: "All tech companies must buy Thinkpads. The government will give $20b to IBM to cont…
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Perhaps you are forgetting WWII, when China was a main member of a group which literally called themselves "The Allies" https://en.wikipedia.org/wiki/Four_Policemen
Calling yourself "the allies" doesn't make you long term allies. It was just a group with a common enemy for short a time. Take Stalin, also part of "the Allies", he had invaded Poland together with Hitler and also invaded Finland. Couple of years later he was fighting Hitler because he got stabbed in the back by Hitler. And after WWII the west got into the coldwar with Stalin.
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Can you explain what nefarious things Japan - one of the US’s closest allies by the way - could do by owning 12% of the USA’s steel output in the form of physical factories that are on US soil?
Report to other governments the allocation and distribution of government steel purchasing, and thereby provide estimates for the production and maintenance of warships, subs, tanks, and other vehicles.
Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.
I'm surprised this is confusing. While one could talk in terms of what is just and right according to law and rules, but this is without a doubt a political deciison. It's a question of US-opposed vs US-aligned country company ownership.
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There's more reason than that for Western hostility to China, not least of which is that it is an authoritarian regime with aggressive expansionist goals. Let's also not forget the reciprocity of the hostilities.
Does that really matter? Saudi Arabia is an ally.
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Why? I'm not trying to troll, but I am wondering what the goal is? To me it seems like encouraging fair competition and letting deserving smaller companies survive is a sort of efficiency. A lot of big companies seem to be big because they're doing something shady - like the US steel example, or Microsoft with browsers (and now AI), or Apple with app stores and payments.
> what the goal is? Economies of scale.
Strongly recommended blog post: ‘“No inventions; no innovations," a History of US Steel’ by Brian Potter https://www.construction-physics.com/p/no-inventions-no-inno...
Thanks for sharing. This is a disturbing read in some ways: > To maintain prices in the face of fluctuating demand, Gary would gather the industry’s leadership together in regular “Gary Dinners,” where price levels would be agreed upon and Gary would “exhort the chairmen, presidents, or other major owners of steel companies to maintain rank.” Those who refused to cooperate would be “disciplined” by the others. Many f…
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What? You mean capitalist nation rather than communist right?
No, I mean with rule of law and powerful institutions. As opposited to China (or Russia), which have law, but institutions are engineered so that the person in power can highjack them to ensure the outcomes they want. Think about it. In western countries (US, UK, EU, Japan, etc) you can have a court rule something that is seriously inconvenient for the government. In China and Russia that never happens.
However, I take issue with the term "Western". In this case, I would say the most advanced countries in OECD, which implies: highly functioning democracy and highly industrialised, capitalist economy. To be clear, for historical reasons there are some, err, odd members in OECD, including Turkey (currently a dysfunctional democracy) and Mexico (high levels of perceived corruption, drug war, poor control of police). And, to be fair, I don't have a good way to decide which are "the most advanced countires in OECD".
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It is no different than the US Congress granting ASML, a Netherlands company, a license to produce EUV lithography technology. Japan and the Netherlands are closely integrated geopolitically with the US for all practical purposes. China, by contrast, is aggressively adversarial in its geopolitical ambitions. The difference really couldn't be more stark.
Didn’t they shut down Nikon’s EUV program and give the IP to ASML?
I Google'd for "Nikon’s EUV program". First hit: https://www.nikon.com/company/ir/ir_library/event/pdf/2023/2...
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> Nikon exited the development of EUV lithography systems about 10 years ago due to the enormous investments required for the development.