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>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 speciali
by 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 agoYeah, 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 agoI'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 agoNo, 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 agoAnd 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!