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The Federal Reserve is now saying that the US shot itself in the foot with its export controls on China, as illustrated by Intel's recent staff layoffs.
(www.newyorkfed.org)
this post was submitted on 03 Aug 2024
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United States | News & Politics
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The CHIPS acts was an unworkable idea from the very start, and everybody with even a minimal clue about how the chip industry operates understood this https://compactmag.com/article/fighting-a-chip-war-on-the-cheap
What a fash-coded name for a think tank. Might as well call it the Center for Securing the Existence of Our People and a Future for White Children.
Incredibly prescient article.
That article mostly seems to be arguing that the CHIPS act giveaway is too small. Maybe it is, but the fundamental problem is that our largest corporations are being run by traitorous, globalist wreckers who will undermine our national economy by taking the money and using it to accelerate offshoring. If Chinese CEOs tried to pull this stuff they'd end up in reeducation camps.
I very much agree, the fundamental problem in the west is that capital stands above the government, and capitalists have no allegiance to any nation.