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Where did I say we should ban trade? I would just like life to continue as normal if something like a war or global pandemic breaks out. The US is moving in an
by carom 4y ago
Where did I say we should ban trade? I would just like life to continue as normal if something like a war or global pandemic breaks out. The US is moving in an amazing direction with the TSMC fab.
- thefounder 4y agoWhat exactly self sufficiency means if not less trade and less capital efficiency? Whoever abandons the globalisation will find itself poorer. That was my whole point. And yeah, TSMC is a global/foreign company so that praised investment is part of the globalisation. The moment U.S becomes protectionist against Taiwan you can say good bye to TSMC. TSMC in the U.S does not represent the death of globalisation. I would say on the contrary. U.S provided good incentives for TMSC and other GLOBAL players to manufacture in the U.S. When the incentives move somewhere else so the capital/factories(i.e see the exodus from China). No matter how you spin it globalisation is here to stay regardless of what one big player does(i.e U.S or China).
- carom 4y agoLess trade does not mean banning trade. The US doesn't need to become protectionist against Taiwan, China could establish a blockade in the South China Sea.