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> if, for example, TSMC were to go wonky due to China taking Taiwan That's not an argument about debt, though.
by newacct583 6y ago
> if, for example, TSMC were to go wonky due to China taking Taiwan
That's not an argument about debt, though.
- woofie11 6y agoIt's a comment about the other piece: Trade and specialization. It's more efficient to have specialized countries. If Germany and Japan focus on optics, that's more efficient than having an optics industry in each country. Everyone is wealthier. It's also more brittle; if WWII breaks out again (as a hypothetical), the allies don't have access to optics, and can't repair step-and-repeats. That, in turn, means they can't manufacture ICs. And so on, down the line.