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this post was submitted on 04 Jan 2024
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Yeah, I can't wait till American chips are the chip version of the Russian Lada. Industrial policy has no negatives and totally doesn't create dead end jobs. Never happened in the Soviet Union, or Japan, or countless other attempts at industrial policy in the past. Let's not learn from our past mistakes. 'Muria, fuck yeah!
Genuine question/curiosity: I can see you're being downvoted, and I can tell that your post is sarcastic. But I'm not informed enough on this area to know what the sarcastic take is. What happened with the Russian Lada? This isn't a part of history I know.
I responded to the post above. I hope you take a moment to read it.
But as to Huawei, they're not a government controlled organization nor were they chosen to be the winner by the government as much as the US would try to claim otherwise. Instead the Chinese government shotgunned hundreds of billions of dollars to the entirety of the chip industry. And here's the most important part, thousands of chip companies collapsed last year in China. Those that could compete in the free market survived, those that didn't went under. Huawei was one that survived, but stands upon the corpses of thousands of companies.
Even with outcomes as positive as they have been for the whole of the Chinese chip market, there was incredible equity loss to accomplish this. That said, for China, better to have done this and lost hundreds of billions and catch up, than it was to languish against the US.
So, it's in my opinion that 1. the 50 billion the US is putting into this is way too small and 2. it's clear now that Biden is picking winners and losers. If you read my previous post you'll understand why this is incredibly bad and concerning.