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Pieces this stupid make me viscerally angry. I disagree with many of the core points, but it's the particularly dumb way those arguments are presented that real
by abvdasker 4y ago
Pieces this stupid make me viscerally angry. I disagree with many of the core points, but it's the particularly dumb way those arguments are presented that really gets me. This reads like it was written by some 70-year old retired executive who has no idea what a semiconductor is.
The level of arrogance and stupidity required to witness the (still ongoing) catastrophe in global supply chains from the COVID-19 pandemic and not reassess any of one's opinions on globalization is simply staggering. It's either criminally negligent or deceitful not to even mention COVID-19 in a discussion of globalization in 2023.
> The death of [the hope for a democratic China]—combined with the migration of a million manufacturing jobs to Chinese factories—caused America to fall out of love with globalisation.
Ok, so the author is acknowledging that globalization cost the US a lot of manufacturing jobs (though there's an obvious downplaying of that loss here). Great!
> Reindustrialisation will raise prices, hurting the poor most.
Now the author is arguing the other side of the exact same point! What about the manufacturing jobs the author just said were lost to globalization? Does the author have brain damage?
> Democrats and Republicans alike worry that the loss of America’s lead in advanced chipmaking to Taiwan will undermine its ability to develop artificial intelligence—on which, they predict, armies of the future will rely to plan strategy and guide missiles.
This totally misunderstands the nature of the conflict. TSMC is the biggest fab of the most sophisticated microprocessors in the world, processors which we all rely on every second of every day. The entire global economy needs these chips to function and US companies need the best chips to put in their products so they can be competitive. For simple economic reasons and complicated historical reasons China really wants to reintegrate Taiwan into the PRC. The US can't tolerate that because it would put China in direct control of the world's biggest supply of advanced semiconductors. It has nothing to do with artificial intelligence and everything to do with control of economic resources.
> America must also woo emerging powers. By 2050 India and Indonesia will be the world’s third- and fourth-largest economies, projects Goldman Sachs, a bank.
Minor quibble, but why include this appositive? Does anybody who reads The Economist not know that Goldman Sachs is a bank?