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0 sats \ 3 replies \ @Cje95 25 Aug \ on: Trump’s Intel deal is a threat to US economic liberty econ
So as someone who helped craft CHIPS and Science the issue I always had with it and still do is the sheer amount of money we were giving these huge companies via grants. Yes you could argue that the US would get the money back via taxes and economic power but with Intel they got 8.5 billion and were talking about not actually building chips anymore leaving us with just Taiwan Semi and Samsung.
I'd have rather it have been a loan if anything but that wasn't what it was so to me getting some sort of return is the correct thing to do. The Gov can unload the Intel shares over time just like they did with GM years ago.
China produces everything, including rare earth refining more efficiently than the US can.
The US is an over financialised dinosaur struggling to respond effectively to the Chinese mixed economy model that has delivered China decades of Trillion Dollar surpluses while the US sinks deeper and deeper into Debt with more than 5 decades of chronic trade and fiscal deficits.
The best viable strategy for the US empire is probably managed decline- perhaps possible to retain hegemony over the Americas and some outposts, leaving Europe and Asia and Africa to Chinese domination...
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No they are not more efficient at all they have extremely lax rules and regulations hence the huge air quality issue. They “fixed” the big cities by moving these industries elseware. Lets not forget about the huge ghost city issues cause that's sure not efficient nither is arresting and or sending the homeless to Th country
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In terms of competitiveness with what other nations produce in terms of almost all manufactured goods China is second to none.
Youncan quibble about environmental standards for sure but neither G.Britain nor the USA were exemplars of environmental protectionism in the days leading up to their empires dominance- once a nations bellies are full then they loom at air and water quality.
Today the US is increasingly despoiling the natural environment and is waaaaaay behind China in terms of energy efficiency- China leads the world in solar. wind, nuclear and hydro power and LED and EV production.
The USA is addicted to fossil fuels and a 1950s mentality that is not fit for the 21 century and is not competitive either.
It is only the legacy hegemony of US military and global institutions and protocols that sustains the US for now but the debt bomb is not going away- it is growing bigger and is about to bring down the US empire within 5 years.
China holds all the cards now- USA is on the back foot...and its Jewish bankster sponsors who have lurked behind western imperialism for centuries are worried.
China is not owned by the Jewish banksters and their usury...
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