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While I have some sympathy for the policy makers attempting to do this they do appear to be oblivious that to the outside world, especially their allies, the me
by fidotron 3y ago
While I have some sympathy for the policy makers attempting to do this they do appear to be oblivious that to the outside world, especially their allies, the meta-lesson is any critical industry will eventually be onshored by the printing of hundreds of billions to price you out if necessary. This isn't a recipe for long term peaceful co-operation.
It's ridiculous to criticise China on one hand, and then emulate every move they've made ten/twenty years later.
- FredPret 3y agoHow is it ridiculous to build redundancy when the entire global economy has a single point of failure on an island just off the shore of a sworn foe, which they also would love to invade? If it hurts someone's feelings, they need to grow up - the situation is untenable and onshoring is the correct strategy.
- deleted 3y ago[deleted]
- merman 3y agoSo if we criticize China we should do nothing? It’s not clear how you can be sympathetic that something should be done and against the obvious thing that should be done.
- isykt 3y agoWill you explain what “emulate every move they’ve made ten/twenty years later” means? I don’t understand this comment.
- throwaway4good 3y agoBreach of WTO rules, free trade principles, market distorting industrial policies.
- justapassenger 3y agoGeopolitics are not after school specials about friendship being only thing that matters in life. Critical industries are, well, critical. Securing redundancy for critical things is risk management 101, even on much smaller scale than geopolitics.
- throwaway4good 3y agoDon't underestimate how powerful American (soft) influence is; many Taiwanese happily support these policies. But yes; Taiwan will end up losing on two ends: Massive tech transfer to the US. And a loss of access to its biggest market - mainland China.
- sleepybrett 3y agoI mean do you not have to hedge again china just landing troops on taiwan? I think the pandemic chip shortages threw into sharp relief that we are totally dependent on imports (and for higher end chips on taiwanese imports almost exclusively). If china decides to blockage or invade Taiwan it would be cataclysmic.
- throwaway4good 3y agoPRC/ROC conflict has been dormant for 70 years - maybe don’t stir it up?
- sleepybrett 3y agouh, hate to tell you dude... Regardless outsourcing all manufacture of one of the most critical resources we depend on to a tiny island nation halfway around the world is bad news.