ahh, so China competition bill 2.0, to follow on the spectacular failure of competition bill 1.0 (aka CHIPS act).
Miscellaneous News
- Thread starter bd popeye
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They are just repacking every failed policies and doubling down those policies into a new bill to show to the public that they are doing something. More exports control(failed), more restriction of investing in China(Biden still has not made a final decision of the scope of the investment ban but it is too late to make any difference), new domestic investment in critical technologies(failed chips act 2), new offers to counter BRI(multiple attempts by both the US and EU but failed even more badly), aiming to deter China from a conflict with neighbors(probably selling more outdated weapons to Taiwan and Philippines.)
They are 100% starting to panic.
And the whole nonsense of oh we aren’t trying to stop China development has been completely ripped off now. They are finally saying that they want China to stop research and development of technologies. Goalpost has also shifted from access to cutting edge tech -> preventing China from making advance technology. Sounds like a DUV ban may be in the works and is coming sooner or later.
Where the hell is all the CHIPS money going anyway? it doesn't seem like EE engineers are getting much of a raise or new hardware companies are popping up.
plawolf
Lieutenant General
Where almost all the money in the economy goes these days - to the top 0.1%.
Unless you fix these fundamental structural issue, no amount of extra spending is going to make any kind of meaningful dint.
Even when the third reich was staring down at defeat, they thought it more pressing to send resources to concentration camps than to the front. Such is the nature of race based apartheid states.
The fact that western society thinks it’s acceptable to prevent another country from conducting scientific research because of…jealousy and insecurity speaks volumes of how unhealthy and toxic western values really are.
It will become a theocratic authoritarian state very soon. Still better than liberal failed states like California or New York where they have to put locks on cans of spam though, at least until Chinese Americans have to go camping.
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They are definitely putting locks are more then just spam now lmao