3 ms·
US Chips Act Needs Stronger Congressional Backing Now
- hunglee2 4y agogreat to see protectionism back in policy - the free market ideology was useful when it comes to opening up foreign markets for US corporate profit, but always a bad idea for national security. Ideal case: we maintain the rhetoric for others, but change in practice for ourselves
- throwaway4good 4y agoI don't know if you are joking or not? But notice the recent stories about the American military industrial complex being 20 times as expensive as the Chinese for a hint on why protectionism doesn't really work.
- hunglee2 4y agoI think the US military expenses is screwed up for reasons other than protectionism - seems more a case of classic govt procurement issues. It basically makes sense for arms manufacturers to make overly complex, over engineered products, as the buyer (US Gov) is forced to buy for want of alternatives. US gov then tries to recoup losses by persuading other countries to buy the same weapon systems