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this post was submitted on 11 Mar 2024
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Hopefully this means that western companies won’t keep kowtowing to their demands since they won’t be sucking on that sweet revenue teat anymore.
It's also very good news to america's middle class, but bad news to america's investor class. And overall bad for america's economic dominance relative to other nations.
Doubt. You can have biz systems compatible with Western and allied economies, or systems compatible with China and its vassal states, russia & NK. Choose one.
Did you remember the controversy over ~~ASME~~ ASML from the Netherlands not wanting to give in to US pressure to stop selling China their machines? Or Germany not wanting to support allied efforts to sanction Russia, because it would be a massive loss to their economy?
Lots of african nations will disagree with you, they're quite happy to lend their support to Africa and Russia, as they benefit from both.
ASML
Thank you, i will edit my comment.
Funny how it's "allied economies" for the US and "vassal states" for China.
I don't really care, nor do many. The hollowed out middle class would just like it if we built shit here, even if the factories were automated. Shit products coming from a shit country, at the behest of our shit business leaders and shit politicians. America's hegemony has been over for quite some time. We're just a paper tiger anymore with a leftover military from a bygone era. We have more aircraft carriers than the rest of the world combined, and no will to do anything constructive with the defense budget.
Not entirely true. America is still the most powerful nation-state globally. Although I do think that the era of aircraft carrier fleets is probably obsolete just like the era of battleships was made obsolete right before WW2.
Better use that money to improve security to keep China from stealing it all.
Stock buy backs it is!
Wouldn’t be surprised if the CIA planted shit for China to steal.