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> read up on the ownership structure The ownership structure only holds if the US respects other ownership structures, eh? > If the US keeps outpacing Europe
by nottorp 2y ago
> read up on the ownership structure
The ownership structure only holds if the US respects other ownership structures, eh?
> If the US keeps outpacing Europe in terms of production of real stuff
What real stuff, social networking?
- ArtTimeInvestor 2y agoThe ownership structure only holds if the US respects other ownership structures, eh? No, because ASML is building production facilities on US soil. What real stuff, social networking? Name a thing that the USA will not be able to produce themselves. The USA is pushing hard for complete production independence.
- sofixa 2y ago> Name a thing that the USA will not be able to produce themselves Smartphones. Computers. Servers, switches. Anything that relies on an advanced chip. Anything that needs cobalt or lithium or coffee or cocoa or any other material not found in sufficient numbers or quality in the US. Ships. Hell, planes while we're at it (Boeing suck ass). Anything that needs to be affordable (like clothing).
- nottorp 2y ago> No, because ASML is building production facilities on US soil. You mean there are news about ASML trying to build production facilities on US soil?
- seszett 2y ago> Name a thing that the USA will not be able to produce themselves Coffee and planes that stay in the air. But to be more serious, the US (and Europe maybe to a slightly lesser extent) wealth is propped up on cheap labour overseas like the Roman empire was on slaves. It is absolutely possible to change that, but it's not as painless as you seem to think.
- ArtTimeInvestor 2y agoThe concept of "labour" will be a thing of the past. Probably within one or two generations. Everything will be done by intelligent machines.