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Chinese strategy is open-source software part and earn on robotics part. And, They are already ahead of everyone in that game. These things are pretty interest
by gagan2020 2y ago
Chinese strategy is open-source software part and earn on robotics part. And, They are already ahead of everyone in that game.
These things are pretty interesting as they are developing. What US will do to retain its power?
BTW I am Indian and we are not even in the race as country. :(
- nazgulsenpai 2y agoIf I had to guess, more tariffs and sanctions that increase the competing nation's self-reliance and harm domestic consumers. Perhaps my peabrain just can't comprehend the wisdom of policymakers on the sanctions front, but it just seems like all it does is empower the target long-term.
- h0l0cube 2y agoThe tarrifs are for the US to build it's own domestic capabilities, but this will ultimately shift the rest of the world's trade away from the US and toward each other. It's a trade-off – no pun intended – between local jobs/national security and downgrading their own economy/geo-political standing/currency. Anyone who's been making financial bets on business as usual for globalization is going to see a bit of a speed bump over the next few years, but in the long term it's the US taking an L to undo decades of undermining their own peoples' prospects from offshoring their entire manufacturing capability. Their trump card - still no pun intended - is their military capability, which the world will have to wean themselves off first.
- whatshisface 2y agoTariffs don't create local jobs, they shut down exporting industries (other countries buy our exports with the dollars we pay them for our imports) and some of those people may over time transition to non-export industries. Here's an analysis indicating how many jobs would be destroyed in total over several scenarios: https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/ https://taxfoundation.org/research/all/federal/trump-tariffs...
- h0l0cube 2y agoThey will, out of sheer necessity. Local industries will be incentivized to restart. And of course, there are already carve-outs for the automotive sector that needs steel, overseas components, etc. I expect more carve-outs will be made, esp. for the military. I don't think the tariffs are being managed intelligently, but they will have the intended effect of moving manufacturing back to the US, even if, in the short term, it's going to inflate prices, and yes, put a lot of businesses in peril.
- whatshisface 2y agoYou're thinking about the bolt factory that will open, but what about the factories that close? Putting, as you say, businesses in peril, gets rid of jobs. As for the carve-outs, there isn't a single US industry that doesn't rely on imports from lower down the supply chain.
- h0l0cube 2y agoProtectionist policy, if applied consistently, will actually lead to more jobs (and higher wages) eventually, but also higher inflation and job losses in the short term, and a more insular economy. It's foolish to go so hard, and so fast – or this is just a negotiation tactic – so I think the Trump administration is going to compromise by necessity, but in time supply chains will adjust to the new reality, and tariffs can increase.
- whatshisface 2y agoThat's an assumption, I'm trying to challenge it. Taxes usually take money out of the economy and lead to less activity. Why should a (very high) tax on transportation be different? These are not the sorts of things we can afford to just do without making sure they will work.
- pessimizer 2y agoIt's a debate that has been had by many people far more informed than anyone who will see this thread, many times over decades or even a few centuries. Rather than challenging it on a very basic level (it's a tax, all taxes are bad, why should this tax be different), just look up the other debates and read them.
- pstuart 2y agoThe tariffs are seen as "free money" that will allow for cutting taxes on the wealthy. Note that the current messaging is "we spend too much money" and there's nothing about "we need to invest in _foo_"
- h0l0cube 2y agoAdvanced chip fabs, and battery manufacturers are the first counterexamples that come to mind. The government doesn't need to invest, they just need to watch the free market realign their manufacturing to maintain access to the US economy. Tariffs have been around since Trumps first term, and were retained by Biden, and they're already doing what they intended.
- bugglebeetle 2y agoUnitree just open-sourced their robot designs: https://sc.mp/sr30f https://sc.mp/sr30f China’s strategy is to prevent any one bloc from achieving dominance and cutting off the others, while being the sole locus for the killer combination of industrial capacity + advanced research.
- asadm 2y agoNot really. It seems unitree didn't open source anything. Not anything useful.
- rcdwealth 2y ago[dead]
- aurareturn 2y agoChina’s strategy is to prevent any one bloc from achieving dominance and cutting off the others, while being the sole locus for the killer combination of industrial capacity + advanced research. You're acting like these startups are controlled by the Chinese government. In reality, they're just like any other American startup. They make decisions on how to make the most money - not what the Chinese government wants.
- esalman 2y agoWhat if aligning with Chinese interest becomes the best way to make money? What stopping the Chinese government from providing better incentives to businesses and academics?
- aurareturn 2y agoYou mean like what Trump has been doing? And most governments around the world?
- holoduke 2y agoAlso part of their culture/identity. A good thing i believe.
- deleted 2y ago[deleted]
- dcreater 2y agoIndia is absolutely embarrassing. Could have been an extremely important 3rd party that obviates the moronic US vs China, us or them, fReEdOm vs communism narrative with all the talent it has.
- esalman 2y agoTurns out conservatism and far right demagoguery is not great for progress.
- dtquad 2y ago>BTW I am Indian and we are not even in the race as country Why are you surprised? India was on a per capita basis poorer than sub-Saharan Africa until 2004. The only reason India is no longer poorer than Africa is because the West (the IMF and World Bank) forced India to do structural reforms in 1991 that stopped the downward trajectory of the Indian economy since its 1947 independence.
- aurareturn 2y agoThe only reason India is no longer poorer than Africa is because the West (the IMF and World Bank) forced India to do structural reforms in 1991 that stopped the downward trajectory of the Indian economy since its 1947 independence. India had the world's largest GDP at some point in its history. Why did India lose its status?