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The 30,000th wake-up call for EU. Spoiler alert: it will still not wake up.
by Baguette5242 3y ago
The 30,000th wake-up call for EU. Spoiler alert: it will still not wake up.
- kkzz99 3y agoCorrect, the US is not a reliable partner and should be viewed very warily.
- Baguette5242 3y agoAbsolutely. Hold my beer while I buy another round of F35.
- FirmwareBurner 3y agoThe EU didn't wake up to the massively critical gas dependency on Russia, what makes you think it will wake up to core tech dependency to the US. That ship has sailed for the EU. We just accepted that all the cool SW comes from the US and we just buy it from them instead of making our own. Who cares about SW jobs in the EU anyway?
- Baguette5242 3y agoCompletely agree.
- wg0 3y agoHow the EU will wake up is the basic question. Capital allocation won't happen until there's some value in it. At the moment, capital, skilled labour all is available to at least start building chips that if not rival but are sufficiently advanced for day to day usage such as desktops and laptops to begin with. But they won't be cost effective, might be around the same price as an Intel/AMD/ARM chip. Being new, the adoption would be slow as well. Only way to change that would be for the EU to ban imported chips so that there's no way for the consumers but to buy local which amounts to trade war. Therefore, I don't think so there are much (rational) choices as of now.
- Baguette5242 3y agoThe only countries that successfully created a local industrial ecosystem did it with massive natural and/or artificial market entry barriers/regulations (Korea, China, Japan, Russia). I believe that until the EU doesn’t dump its absolutist free-market ideology, it will never be able to create an environment suitable for local players to emerge.
- wg0 3y agoThat kinds of curbs will invite retaliation in form of tariffs on EU exports causing more damage than good.
- Baguette5242 3y agoAt some point the tree needs to be shaken. It just cannot go on like this forever. This is insane.