American policymakers designed sanctions that were intended to deprive Chinese companies of cutting-edge chips, and the technology to make them. But they als...
Imagine that…you offshore the entire chipmaking industry over multiple decades to China and then decide one day to stop sharing the designs for chips and think that’s going to stop them from manufacturing chips.
Literally they blew up the entire domestic chip manufacturing industry in America because they didn’t want to become like the auto industry and have to pay workers a living wage.
Short term greed outweighs long term prudence every time. The responsible capitalists who want stability arrive last and lose, so it becomes a race to the bottom
Imagine that…you offshore the entire chipmaking industry over multiple decades to China and then decide one day to stop sharing the designs for chips and think that’s going to stop them from manufacturing chips.
Literally they blew up the entire domestic chip manufacturing industry in America because they didn’t want to become like the auto industry and have to pay workers a living wage.
Its astonishing how bad capitalists are at capitalism. Their insatiable greed dooms them every time.
Short term greed outweighs long term prudence every time. The responsible capitalists who want stability arrive last and lose, so it becomes a race to the bottom