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I agree, protectionism is bad most of the time but it has its place. It is bad when you are ahead, it is useful when you are behind(You want them to be exposed
by mrtksn 1y ago
I agree, protectionism is bad most of the time but it has its place. It is bad when you are ahead, it is useful when you are behind(You want them to be exposed to the cutting edge market but before that you want them to be able to exist in first place even if they are not the best at this very moment).
China's EV dominance is a result of local governments investing and buying from local businesses.
It would be the same with Russia&China. They will receive money from the governments and will sell to local buyers and will aim to expand to foreign markets.
As I said, most AI talent is not American but it is concentrated there. Give them a reason to be somewhere else, some will be somewhere else.