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The continual failure of American political leadership is to be asleep at the wheel while China eats our lunch. It’s been happening for 40 years and the only Pr
by spoonjim 5y ago
The continual failure of American political leadership is to be asleep at the wheel while China eats our lunch. It’s been happening for 40 years and the only President with any inclination to stop it was too idiotic to succeed.
- nl 5y agoThe British ARM company got sold to the Japanese Softbank investment company which then did a bad deal in China but somehow Americans think it is all about them.
- spoonjim 5y agoThis 40 year process has very little to do with Arm or Softbank. Arm and SoftBank are the end stages of the disease, the window for treatment is long passed.
- CRConrad 5y agoSure, there may be some larger process going on too -- but that has nothing to do with this. According to the article: SoftBank started "ARM China" as a joint venture with a Chinese consortium, and later sold more of it to them, so they now hold a controlling 51% interest in it. ARM China isn't "going rogue"; it's doing what its owners want it to do, just like a good obedient non-rogue subsidiary should. The article not mentioning this basic fact with a single word doesn't mean what's happening is weird; it means the article is bad.
- nl 5y agoARM China isn't "going rogue"; it's doing what its owners want it to do, just like a good obedient non-rogue subsidiary should. The article not mentioning this basic fact with a single word doesn't mean what's happening is weird; it means the article is bad. This isn't actually correct. The board voted to replace the CEO (7-1) but the CEO wouldn't give up the physical company seal (which is China represents the company), and he used that to gain control of the company. This is not conventional behaviour at all!!