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For anyone interested in the topic, highly recommend the What's Going on With Shipping? channel: * https://www.youtube.com/@wgowshipping/videos https://www.you

For anyone interested in the topic, highly recommend the What's Going on With Shipping? channel: * https://www.youtube.com/@wgowshipping/videos https://www.youtube.com/@wgowshipping/videos AIUI, the problem is that the US lacks a policy. This is what China's strength is: making a decision and getting it done. The article mentions the SHIPS Act which the channel talks about: * https://www.youtube.com/watch?v=iksNr3s2WVs https://www.youtube.com/watch?v=iksNr3s2WVs As well as five suggestions for Trump: * https://www.youtube.com/watch?v=3CoOXdpxvIo https://www.youtube.com/watch?v=3CoOXdpxvIo The IRA/CHIPS acts helped bring plants to the US soil. Industrial policy can work. China subsidized many industries that they thought would be strategically important, and they're now important players in those industries. As Noah Smith recently wrote: > Democratic countries’ economies are mainly set up as free market economies with redistribution, because this is what maximizes living standards in peacetime. In a free market economy, if a foreign country wants to sell you cheap cars, you let them do it, and you allocate your own productive resources to something more profitable instead. If China is willing to sell you brand-new electric vehicles for $10,000, why should you turn them down? Just make B2B SaaS and advertising platforms and chat apps, sell them for a high profit margin, and drive a Chinese car. > Except then a war comes, and suddenly you find that B2B SaaS and advertising platforms and chat apps aren’t very useful for defending your freedoms. Oops! The right time to worry about manufacturing would have been years before the war, except you weren’t able to anticipate and prepare for the future. Manufacturing doesn’t just support war — in a very real way, it’s a war in and of itself. * https://www.noahpinion.blog/p/manufacturing-is-a-war-now https://www.noahpinion.blog/p/manufacturing-is-a-war-now

dmix 2y ago
> The IRA/CHIPS acts helped bring plants to the US soil. Industrial policy can work. I see a lot of people say the CHIPS act is a success that should be duplicated but is there any evidence of this yet or is it merely because money was committed and promises were made? How much industrial output vs the amount of subsidies etc. It will probably take a decade before we know if it worked.
- throw0101c 2y ago
  > A new report by the Semiconductor Industry Association (SIA) and the Boston Consulting Group on the semiconductor supply chain forecasts significant improvements in the resilience of the supply chain in both the U.S. and globally in coming years. The study shows that investments from the industry, facilitated by incentives under the CHIPS Act, are making progress in growing domestic semiconductor manufacturing and strengthening the U.S. economy. Among other things, the report finds: * https://www.semiconductors.org/emerging-resilience-in-the-semiconductor-supply-chain/ https://www.semiconductors.org/emerging-resilience-in-the-se... ?

dmix 2y ago

> The IRA/CHIPS acts helped bring plants to the US soil. Industrial policy can work. I see a lot of people say the CHIPS act is a success that should be duplicated but is there any evidence of this yet or is it merely because money was committed and promises were made? How much industrial output vs the amount of subsidies etc. It will probably take a decade before we know if it worked.

throw0101c 2y ago
> A new report by the Semiconductor Industry Association (SIA) and the Boston Consulting Group on the semiconductor supply chain forecasts significant improvements in the resilience of the supply chain in both the U.S. and globally in coming years. The study shows that investments from the industry, facilitated by incentives under the CHIPS Act, are making progress in growing domestic semiconductor manufacturing and strengthening the U.S. economy. Among other things, the report finds: * https://www.semiconductors.org/emerging-resilience-in-the-semiconductor-supply-chain/ https://www.semiconductors.org/emerging-resilience-in-the-se... ?