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> We let Germany buy one of the most important companies on the planet in Monsanto. I consider Monsanto to be a national security level company, we should have
by baybal2 6y ago
> We let Germany buy one of the most important companies on the planet in Monsanto. I consider Monsanto to be a national security level company, we should have never let it go. Seed & AG tech is critical for the coming century and Monsanto is one of the very few global giants.
Many things around have "global importance," and it is long past the time for any modern, globalised economy to undo that.
If China wanted to f__k up the West economically on the supply chain side, they have far, far, far more options to do so than the other way around, and this is not limited by companies on the extremes of labour intensity scale. They are plenty of both low, and high tech companies which are one and only in the world in China.
And so can many countries with industrial economies, not event necessarily large one. Take Thailand for example, and how they gave a fright of a lifetime to Internet companies with a single phrase "It may take at least a few years before the world can make new hard drives."
Or Taiwan, a Microchip embargo today from them may well be a worse thing than an oil embargo of 1970s to a modern economy.
Japan, and Korea both have a deadgrip on high material science products, and not so high as well. Both have giants which control chemicals used in 90%+ of all synthetic fabrics. Life without synthetic fabrics today will not be fun to anybody.
India has a generic drugs supremacy, and is relied upon by much of the world other than the West for just any drugs.
The one and only in the world top tier substrate plant went up in flames in China week ago. All major chip vendors been using their substrate for the package for a few years. If you see a chip with HBM memory, or any model CPU, it's their substrate which is used.
On the other end of high techness scale, China has 90%+ of global market for such essential industrial goods as screws, nuts, and bolts.
Neither of these examples avail to being easily substituted, and I can come with many more.