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The US trade deficit & endless money printing is funding many of these countries' advanced projects. China in particular. 100 years from now whomever is left in
by howmayiannoyyou 5y ago
The US trade deficit & endless money printing is funding many of these countries' advanced projects. China in particular. 100 years from now whomever is left in this world with some semblance of free will and expression will look back on US self-hating/self-destructive political rhetoric and the policy it engendered, laughing and crying at the folly of it all.
- tangjurine 5y agoAre you saying the US is selflessly funding these projects for other countries?
- brandonmenc 5y agoNo. The greed of the short-sighted wealthy is funding these projects at the expense of everyone else in the country.
- ethbr0 5y agoThat's... a questionable claim to make. Walk me through how US deficit funding work to the detriment of US citizens and the benefit of the rest of the world?
- TchoBeer 5y agoSo China develops technology and funds it by selling goods and labor to American businesses? Seems good to me.
- bassman9000 5y agoAre there any examples of breakthrough technologies recently developed by the CCP that have benefited other than themselves? https://www.merriam-webster.com/dictionary/breakthrough https://www.merriam-webster.com/dictionary/breakthrough
- dv_dt 5y agoSolar power would likely not be nearly as lost cost as it is now without investment by China. You could argue about wether it is fundamental ip or manufacturing ip that was developed but imho there is much knowledge and economic activity that simply doesn’t happen unless you are in the area where the factories are.
- actuator 5y agoCan you elaborate on what breakthrough happened there in solar? I always thought it was economies of scale and cheap labour that led to photovoltaic cells becoming cheap. But I do agree that it is very efficient to prototype and scale things there because of manufacturing ingenuity and efficient supply chains.
- dv_dt 5y agoAn "economy of scale" is part technology, part educating a labor force, and part infrastructure, and it's intentional creation takes focused industrial strategy shaping long term capital allocation. Especially with non-software industries.
- bassman9000 5y agoA collection of iterated improvements that require the regulation, the local enterprises, and the workers to align in a particular way is not exportable, nor a breakthrough.
- dv_dt 5y agoYet China has the “breakthrough” lowest cost solar in the world coming from not being on the map for it twenty years earlier. Not being transferable as an export seems like a benefit for the hosting nation doesn’t it?
- bassman9000 5y agoAny specific example of a manufacturing or materials breakthrough the CCP has shared with everyone else? https://phys.org/news/2021-03-breakthrough-solar-cell-materials.html https://phys.org/news/2021-03-breakthrough-solar-cell-materi... https://www.forbes.com/sites/michaelshellenberger/2021/05/19/china-made-solar-cheap-through-coal-subsidies--forced-labor-not-efficiency/ https://www.forbes.com/sites/michaelshellenberger/2021/05/19...