Professor Wen Yi elaborated on how state capacity, industrial policy, and innovative capacity have shaped the economic miracle of China. He believes that the...
    • KrasnaiaZvezda
      14·
      8 days ago

      I’m pretty sure US companies can still sell to some extent, or at least could, it’s mostly their puppets that can’t. But even then the second part of the comment is very much right.

    • 🏳️‍⚧️ 新星 [she/they]English
      11·
      8 days ago

      Why would they think this is a good idea anyways? Everyone knows Taiwan is #1 in semiconductor manufacturing and mainland China themselves isn’t doing too bad — what purpose does this serve to the USA?

      • GreatSquare
        11·
        8 days ago

        I believe US was trying to trigger a military conflict with Taiwan over chip manufacturing.

        They had the short term thinking that China would try plunder Taiwan for TSMC rather than develop their own capabilities.

        As the video said, this is the opposite of China’s mindset on economic development. China had all the ingredients to become self-sufficient on chip manufacturing and just needed a catalyst to start to cook. Trump became that catalyst and Biden continued to same policy.

      • cayde6ml
        7·
        8 days ago

        I think that the U.S. was thinking that they could pull the plug and prevent China from gaining enough resources, labor and capital to manufacture advanced semiconductor technology, and lock them out of the global chain through sanctions.

        Fortunately for China and the rest of the world, the U.S. waited a little too long to begin “decoupling”, that China was able to amass enough natural resources, money, workers and scientific knowledge to start up their own semiconductor manufacturing, and while it isn’t quite as good as Taiwan’s or the U.S., it’s now an unstoppable juggernaut that will more than likely eventually leave the U.S. and Taiwan’s comprador ambitions in the dust.

        The sanctions and locking out of China from many markets and mechanisms of course will hurt China for a while, but it’s now just another jumping obstacle rather than an impenetrable wall.