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I’m glad you took it this direction because it gets to the reason I brought up the other article. It’s not an accident that China dominates in so many technolog
by janalsncm 2y ago
I’m glad you took it this direction because it gets to the reason I brought up the other article. It’s not an accident that China dominates in so many technological areas. It is the result of a deliberate plan. The CCP specifically targets areas of investment. The US does this too, but usually in a less direct way (politics mean you have to keep constituencies happy which means farmers keep getting subsidies). The idea that the market is “free” is a myth.
So if we want companies to invest in certain high capex industries, we need to de-risk those investments. Change the cost-benefit calculation so that companies will invest in industries we need to grow domestically. CHIPS and Science kind of did this, but we need to keep doing it.