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As if state support didn’t build any American based tech\data company
by uyuioi 7y ago
As if state support didn’t build any American based tech\data company
- cdmckay 7y agoIt’s also a bit different when you’re catching up due to interference/imperialism by foreign countries (like the US) in your country’s affairs from the past 100+ years. Why wouldn’t the state help develop its industries?
- throwaway2048 7y agoChina was very much in a similar situation pre-WW2, significantly worse infact.
- kiba 7y agoJust because somebody practiced imperialism against you in the past doesn't make you free from moral responsibility.
- 100011 7y agoChina's government is responsible only for its population. Moral responsibility isn't universal contrary to what liberalism says. This is a major, morally disarming agent that has turned pathological in NW Europe and US. What imperialism taught China is what the stick-end of liberalism feels like.
- 100011 7y agoWhen US still supported its non-welfare industries (and allowed smoking) they put a man to the moon.
- deleted 7y ago[deleted]
- Retric 7y agoWe are talking about 75 billion for a single company, not just any support for any tech company. It’s scale that makes it interesting, like comparing a bottle rocket vs a manned spaceship.
- est31 7y agoThe US spends $1 trillion on defense each year. A large component of that money is fuelling the military industrial complex, basically suppoort for the domestic industry. And it isn't just limited to the "classical" military companies. Look up how the CIA helped Oracle.
- remarkEon 7y agoThat trillion dollars for “defense” also includes keeping global shipping lanes open and maintaining a military able to respond to existing treaty commitments across Europe. Seems to be a reasonable deal for some of they money to stay here in US companies if we’re paying for so much of others’ security abroad.
- pm90 7y agoThe global shipping lanes are kept open for US and US ally interests for which the US is compensated. Every country that has a US base on their soil pays the US military for being there (exceptions being war ravaged or active battle zones)
- remarkEon 7y agoWhat they pay does not offset the total costs of maintaining these facilities, and these allies still levy significant import duties on US goods that traverse these shipping lanes, so I don’t know what point you’re trying to make other than pendantry.
- geofft 7y agoLockheed Martin had $51 billion in government contracts in 2017 alone. Their total revenue that year was a whole $54 billion. This article is complaining about Huawei getting $75 billion over many years.
- Retric 7y agoLockheed Martin got contracts of which perhaps 5-8% (2.6B to 4B) is profit, this is more direct funding. $75 billion in tax breaks etc is more like a 750B contract in terms of growth potential. Which is why I am saying this is such a huge amount of money rather than unfair or anything. PS: Oddly, when bidding large federal contracts you include profit margin as a line item. Past 8% is possible, but starts to raise red flags.
- utopian3 7y agoThis is a low level, unsubstantial comment for HN. Could you please add more substance to your comparison
- grecy 7y agoWhat you said is 100% true, but of course you're getting down voted because China=bad and America=good. People don't seem to realize the USA has poured billions of dollars into Boeing, Hewlett-Packard Company, Honeywell, GE, IBM, etc. etc Those companies wouldn't have nearly the global presence they do if the government contracts hadn't paid for billions in R&D over the decades. Full list here: https://en.wikipedia.org/wiki/Top_100_Contractors_of_the_U.S._federal_government https://en.wikipedia.org/wiki/Top_100_Contractors_of_the_U.S...
- dang 7y agoPlease keep the swipes about downvotes out of your HN comments. Those break the site guidelines. They also usually end up being wrong. In this case, the GP has been heavily upvoted, but your comment lingers on adding wrong information and noise to the thread. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html