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The market already figured out that it doesn't want leading edge manufacturing in the US.
by mepian 2y ago
The market already figured out that it doesn't want leading edge manufacturing in the US.
- bluGill 2y agoPoliticians and the military disagree though. They can place plenty of pressure on the market to change the market's mind if they care to.
- tokioyoyo 2y agoThey’ll need to dump a lot more money than $8B to Intel to compete in all fronts of manufacturing with China, and focus on it for a decade. Those time horizons are politically impossible, since next elections are less than 4 years away. That being said, competition is good.
- bluGill 2y agoThere are a number of things they are doing other than direct money. Buy American acts, sanctions (and other taxes/deductions). Even the threat to do something that isn't done is a powerful tool.
- tivert 2y ago> The market already figured out that it doesn't want leading edge manufacturing in the US. Exactly. The market figured out there's a lot of short-term profit to be made for shareholders in selling off the nation's industry, and moving it down the value chain. They're running the country like a legacy business they're winding down. Give Wall Street a few more decades, and the US will have an agriculture and resource extraction economy.
- jiggawatts 2y agoNational security (and other similar externalities) are not priced into stocks, which is why every trader will happily sell his own nation's defence in exchange for profit.