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The alternative is allies like Canada and Mexico decide to switch allegiances without NAFTA - especially because they have FTAs with economies like China, ASEAN
by alephnerd 2y ago
The alternative is allies like Canada and Mexico decide to switch allegiances without NAFTA - especially because they have FTAs with economies like China, ASEAN, and the EU. Also the economic ramifications on the US would be horrid.
The answer is subsidizing the ability to commercialize R&D with PLIs aimed at keeping some production within the US (or allies). This is what the CHIPS Act and IRA are doing for Semiconductors and GreenTech respectively.
- ramesh31 2y ago> The answer is subsidizing the ability to commercialize R&D with PLIs aimed at keeping some production within the US (or allies). This is what the CHIPS Act and IRA are doing for Semiconductors and GreenTech respectively. Yes that is indeed the correct take on this if you see our society as an optimization problem on a spreadsheet. But tell it to the 600 voters (and all of their family/friends) who just got laid off from jobs they've held for 30 years and staked their entire lives on. All of our previously purple states have turned into fascist hellholes due to this kind of attitude from those in power.
- alephnerd 2y agoCAT's factories are barely 2 hours away from John Deere's and they haven't had a similar layoff in almost a decade. John Deere's leadership is just uniquely incompetent in the agtech industry.