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Well, it’s a bad thing for countries whose economies include manufacturing and aren’t China, sure. The obvious threat is that they will do what they did with ma

Well, it’s a bad thing for countries whose economies include manufacturing and aren’t China, sure. The obvious threat is that they will do what they did with manufacturing capacity and just kill the industry in other places. Do we want to get to a point where every industry is completely run by whichever country is willing to throw the most money at it?

NickC25 1y ago
>Do we want to get to a point where every industry is completely run by whichever country is willing to throw the most money at it? The whole point of specialization of industry is that yes, we absolutely should be OK with that. If that's where China wants to specialize and deploy resources, let them.
- mattmaroon 1y ago
  Yeah, that’s the sort of thinking that gutted in the middle class in the western world over the last 40 years. And it also presupposes that once they succeed, they won’t then stop it, let prices increase, and move onto the next one until they own it all.
  - NickC25 1y ago
    I'm not saying it's a good or a bad thing, and I completely understand the long-term ramifications. I've quite literally done biz with the CCP. However, we've chased cost-cutting measure after cost-cutting measure in order to please the shareholder class at the expense of the working class, and this is the result. We shouldn't be surprised.
    - mattmaroon 1y ago
      No, you asked if it was a bad thing and I explained why yes, it is very much a bad thing for some people. Allowing it to continue will cost a lot of people good jobs here.
  - immibis 1y ago
    And we've been completely okay with that, as long as it's not the Chinese government doing it. Jeffrey can do it, Elon can do it, Warren can do it, George/Barack/Donald/Joseph/Donald can do it, but woe betide us if Xi does it!
lossolo 1y ago
How is that different from funding US companies with VC money fueled by a propped-up market, driven by printing $2 trillion in debt a year and benefiting from being the world's reserve currency (USD recycling on the stock market etc)? The end game seems to be the same.

NickC25 1y ago

>Do we want to get to a point where every industry is completely run by whichever country is willing to throw the most money at it? The whole point of specialization of industry is that yes, we absolutely should be OK with that. If that's where China wants to specialize and deploy resources, let them.

mattmaroon 1y ago
Yeah, that’s the sort of thinking that gutted in the middle class in the western world over the last 40 years. And it also presupposes that once they succeed, they won’t then stop it, let prices increase, and move onto the next one until they own it all.
- NickC25 1y ago
  I'm not saying it's a good or a bad thing, and I completely understand the long-term ramifications. I've quite literally done biz with the CCP. However, we've chased cost-cutting measure after cost-cutting measure in order to please the shareholder class at the expense of the working class, and this is the result. We shouldn't be surprised.
  - mattmaroon 1y ago
    No, you asked if it was a bad thing and I explained why yes, it is very much a bad thing for some people. Allowing it to continue will cost a lot of people good jobs here.
- immibis 1y ago
  And we've been completely okay with that, as long as it's not the Chinese government doing it. Jeffrey can do it, Elon can do it, Warren can do it, George/Barack/Donald/Joseph/Donald can do it, but woe betide us if Xi does it!

lossolo 1y ago

How is that different from funding US companies with VC money fueled by a propped-up market, driven by printing $2 trillion in debt a year and benefiting from being the world's reserve currency (USD recycling on the stock market etc)? The end game seems to be the same.