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1) ethbr1 brought up many other good examples 2) ethanol is less than 50% of corn production, which is in itself about 25% of the crops in the US. 3) > If I w
by KK7NIL 2y ago
1) ethbr1 brought up many other good examples
2) ethanol is less than 50% of corn production, which is in itself about 25% of the crops in the US.
3)
> If I was going to fight my own argument I would probably try the heavy government investment into silicon valley for military purposes. It clearly worked out pretty well. At the same time, the government didn't bail out Shockley after all the talent left to Fairchild.
This is a bad faith comparison.
Intel isn't asking for money because its top talent left to start an even more successful US based semiconductor manufacturer.
Instead, the whole US semiconductor industry has been slowly off-shored after decades of US capital and talent doing the math and realizing that SW pays a lot better.
Intel is simply the last holdout due to its vertical integration providing higher margins which allowed it to afford the higher US wages, until recently.
If the US had started the CHIPS act 10 years ago when there were other US companies anywhere close to the leading edge (i.e. GlobalFoundry) then it wouldn't effectively be an Intel bailout, but that's not Intel's fault.
- ethbr1 2y agoMinor observation that US ag subsidies send more to livestock than to ethanol.