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Year in a Word: Chip Choke

• mdp2021 4y ago
  > But the US moves are also squeezing allied countries, including South Korea and the Netherlands [... which] are increasingly being forced to pick a colour as the industry divides between US-oriented “blue” supply chains and China’s “red” ones And just earlier the CEO of TSMC was reported saying (lamenting) that "globalization is dead". Edit: and in fact, another of the "Year in a Word at the FT" is 'Decoupling': > [between the tariffs from USA and the war in Europe, clearly] the model of cheap capital, cheap energy and cheap labour in global markets is over[ - ]countries need to do more to produce strategic goods at home, or in partnership with allies -- The page offers a graph with the dozen most recurring "terms" within the Financial Times articles throughout the year. Notably, the most dominant seems to have been "Inflation". -- Memorable from Jonathan Derbyshire (Term: 'Polycrisis'): > In the wake of the global dislocations caused by the pandemic and the intensification of the contest between great powers, Juncker’s confidence [expressed very contextually in 2018] that Europe, or the world for that matter, have put the _polycrisis_ behind them looks sublimely misplaced