Waiting for memes to all converge on crabs.
Waiting for memes to all converge on crabs.
I’m doing my part
How about a one-state solution where we merge the 3 Baltic countries into one country called Israel?
The PRC chip industry doesn’t need to develop exponentially. TSMC is not developing exponentially either.
Monopoly pricing is not just broken when w 1-for-1 peer competitor at the same price appears. Monopoly pricing can be broken by a less performant alternative at a cheaper price that is suitable for the vast majority of applications. You can see this in a number of industries where incumbent players are being displaced by new Chinese suppliers who don’t quite make cutting edge stuff but can sell at a fraction of the price.
Hell, you can see it now with older chips at bigger physical nodes where China is now a significant portion of global production.
Will the PRC chip industry face many challenges? Of course it will. However, the PRC’s track record of going from nothing to 5nm in a few years cannot be ignored by TSMC.
TSMC knows full well that its monopoly (or oligopoly, depending what you think of Samsung I suppose) is on a timer with the development of the PRC’s chip industry.
Big if true. But no evidence is provided. There would be no reason to “weigh sanctions” if Chinese banks already stopped helping Russia.
I tracked some citations back to an Izvestia article. Seems pretty real.
That being said, China could just be starting to apply their Iran model to Russia - designating a few small regional banks with no USD exposure to be receiving houses for Rubles. Those banks inevitably get sanctioned but they shrug and keep doing what they’re doing. Once the money is inside China, it’s very difficult for the US to keep track of it.
Is my economy irrational and overfinancialized?
:skinner-thinking:
No, it’s the Chinese who are too productive.
Laughs in Harmony OS
“I was able to buy my first house at age 18 due to hard work, sacrifice, and my parents giving me the entire sum in cash” of social experiments.
Though the implication is that the Muslims are dishonorable and corrupt, unlike a virtuous western democracy with free speech.
It makes sense when you consider that they have entire nations of sycophants who will absolutely accept that China is genociding Muslims while those countries transfer arms to Israel.
The Xinjiang Genocide farce has never been funnier and more pathetic now that the entire Muslim world is outraged at America and pivoting towards China and Russia.
In evil totalitarian China, you can be banned from buying high speed rail tickets if you default on your loans.
In good democratic freedom America, you can be denied all forms of air travel because your name happens to resemble one that’s on a secret list.
Hurt its R&D budget right when Chinese competitors are going to emerge from the woodwork to start eating at market share. I’d be curious to know how much of ASML’s revenues come from orders of top of the line machines vs parts and services for older machines, or even new production of older machines
If porky owns all the houses he can raise rent to much higher than “market” rates due to having a monopoly on an inelastic good.
Pooh bear so verboten in China that they gave him a ride at Shanghai Disneyland.
“Hate the government, love the people” types when the people they profess to love actually like the government they hate:
An orangutan would unironically be a better and more popular leader than Sunak.
Both can be true. Plenty of people pick up a hammer for the first time and hold it the right way.
Dedollarization and constant US imperial overreach are the two factors which are most likely to break US imperialism in the mid to long term.
American economic dominance is propped up by the ubiquity of the dollar in general trade as well as the Petro dollar. In general trade, more and more countries are pivoting to trading in their own currencies or Euros and Yuan and Rubles because of the destruction of confidence in the US dollar as a neutral reserve currency due to recent sanctions against Russia. In terms of the Petro dollar, the trend of decarbonization means that oil will be a less critical commodity over time and even now we see the likes of Saudi Arabia agreeing to sell oil to China in Yuan. Without US dollar dominance, America will not be able to print as many dollars to service its debts, which will lead to either inflation or debt default.
America, like the UK and France before it, doesn’t have the ability to fight all of its repressed imperial subjects at once. The cracks are starting to show at the US giving up against the Houthis in Yemen. The US and EU has also pegged its military prestige to the war in Ukraine, which is also starting to turn. Not only are they taking a reputational hit with every picture of a burnt out Abrams or Leopard, but lesser US allies are also starting to see that full US support doesn’t guarantee victory. Even within US policy circles there is some acknowledgement that defeat in Ukrain could lead to some sort of Suez moment for the US and NATO.