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Even weirder that people have forgotten about the concept of second order effects. Which would cost the nation more? a) Setting a modern precedent that any co
by transcriptase 3y ago
Even weirder that people have forgotten about the concept of second order effects.
Which would cost the nation more?
a) Setting a modern precedent that any company doing business in the U.S. can suddenly be treated as if they’re somehow owned by the U.S. government and forced to make capital expenditures against their will.
b) A $8 billion subsidy that will eventually be recouped or at least offset by economic benefits.
- justin66 3y agoI was just pointing out the silliness of acting as if a possible thing that’s been done before is impossible. I wasn’t advocating a course of action. Pretty much every time we arrange things to favor or necessitate domestic production in an industry, it’s done in the name of security (defense contracting and agriculture come to mind). Including semiconductors in that category is not crazy, and there is certainly more than one way to bring about those incentives.
- pjc50 3y ago> Setting a modern precedent that any company doing business in the U.S. can suddenly be treated as if they’re somehow owned by the U.S. government and forced to make capital expenditures against their will. It's amazing how many people on here seem to think that the first response to China should be to turn the US into China and start doing state-directed capitalism. Maybe "disappear" a few dissident CEOs.
- transcriptase 3y agoNo kidding. I never thought I would see a thread on here polluted with people saying the United States should start behaving like an authoritarian communist apparatus and nationalize or arbitrarily coerce corporations versus coming to a mutually beneficial financial arrangement.
- justin66 3y agoI'm just impressed by how people are willing to, out of ignorance or... whatever, write things that obviously not true and then caricature other commentators as communists. I imagine this level of dialog exists on Fox News websites or something, but you should try harder here.
- transcriptase 3y agoFor what it’s worth I wasn’t referencing you specifically. There were, at the time of my last reply, people elsewhere in this comment section advocating for exactly what I mentioned. My apologies.
- justin66 3y agoThanks.