The US, Japan and western Europeans countries all made a huge mistake by dismantling their industrial core, millions that could be working are sat either jobless or working useless menial jobs. That mistake alone means china is literally too big to fail no matter what happens the rest of the world (which does exist, sorry America) will bail china out of any problems it has so they can maintain their QoL
Chips don't matter, 99.9% of problems can be solved with chips from the 80s. What maters is public infrastructure which the US is sorely lacking
You don't understand how economics work. Dismantling America's core industrial base is the only reason your standard-of-living is higher than Europe right now. Reaganomics only works in a world where white collar jobs balloon and America dominates the financial sector. Without this strategy, our postwar workforce is genuinely worthless (see: auto manufacturing, Intel, etc.).
Disassembling the only economic sector America can compete in, to reconstruct an economy we are annihilated in on the global stage, is quite possibly the singular worst macroeconomics suggestion you can possibly make in this scenario. Reinvesting in domestic fabrication is just about the lowest-ROI choice available.
pmdulaney•3mo ago
These words can be understood in one of two ways:
1. China, it will turn out, does not have what it takes to prevail.
or
2. We must not allow the Chinese to prevail.
Whether rightly or wrongly, No. 1 is intended.