filoria

US sanctions going well

Odd how this happens just as America's foreign policy talking heads had to turn onwards to deal with Biden's collapse...

Almost as if the US is the main impediment to peace in the region.

Can you spell racism for me?

The CHIPS Act was signed in 2022.

In 2022, what were the top bleeding-edge node semiconductor fabs? TSMC (Taiwan), Samsung (South Korea), and Intel (USA). Do you see China on that list?

In 2022, what was the only company with a functioning 28nm DUV lithography machine? ASML (Netherlands).

US sanctions -- and US sanctions alone -- pushed Chinese investment into semiconductors. If you actually worked in the industry, you'd know that the Chinese government has tried for more than a decade to get Chinese companies to use Chinese semiconductor tech... To no avail. The US stabbed itself in the foot, pushed Chinese private capital into Chinese semiconductor firms (instead of foreign ones), and the rest is history. This is basic capitalist theory.

I guess you can also ignore the $15 billion bailout for airlines?

But sure, let's talk about the great backlash to the GM bailout... ignoring the Chrysler bailout. Ignoring the bailouts of JP Morgan Chase, Bank of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs... All essential for national security, or so I'm told.

Let's now talk about companies in China's EV race... WM Motor, which used to outsell Tesla, is gone. Byton, gone. Aiway, gone. Levdeo, gone. Mitsubishi, gone. Honda, Hyundai, and Ford? All desperate to cut out their JVs.

Western countries support individual companies constantly.

Intel received $8.5 billion in funding under the CHIPS Act

The General Motors bailout forced the US government to write off a $11.2 billion loss

Shell, ExxonMobil, and others have received countless billions in O&G subsidies

Government sales make up $49.2 billion, or 74.6% of Lockheed Martin's total sales

The entire principle of US industrial policy is that the government does nothing and everything should be outsourced to a private contractor. Inherently that must mean supporting some private companies more than others.

Your argument makes literally no sense when considering that Chinese companies consistently and notoriously sell their products in China for a fraction of the cost of the export models. BYD's Atto 3 sells for $20k in China and more than $40k in the EU, for example. Those export prices aren't subsidized. In fact, their margins are absolutely absurd.

The fact is that China has figured out industrial manufacturing and can build the same class of product for half the price... Or less. Of course, there's no reason to pass those savings onto consumers without competition, and export markets are simply less competitive than China.

Economics says that Chinese companies are just more efficient as a whole - through sheer competitive advantage, China can produce more per work-hour than everyone else. In fact, this has been a huge problem for China's labour demographics as there's just simply no more manufacturing jobs - an auto factory that would've employed thousands just a decade ago might employ barely a few hundred today. Instead of outsourcing to other countries, most of those jobs have been literally outsourced to robots

The story not being told is that Chinese factories are absurdly automated compared to the rest of Asia - their competitors are South Korean and Japanese factories, but they're entering markets that are still heavily labour-centric. China is spearheading this new evolution of industrial manufacturing and everyone else is forced to either adapt or die.

I guess the US really likes protecting the rights of pedophiles...

Dalai Lama apologises after kissing boy and asking him to ‘suck my tongue’

In unrelated news, the USS Eisenhower has moved about 1000km since last week, away from Yemen and towards the Suez Canal. Completely unrelated, I'm told.

fuck off all you mods are MBFC apologists

shit site run by shit people

The death of personal privacy happens not with a bang but with a whimper.

I know [email protected] is our resident climate activist, but they were tempbanned for shit talking some idiot peddling MBFC... I'm posting this, but know where it came from and pls unban them.