whiterock said:
ATL Bear said:
whiterock said:
ATL Bear said:
whiterock said:
Porteroso said:
whiterock said:
Porteroso said:
boognish_bear said:
This is how hou know even conservatives know Trump is full of B.S. They would be going apeshut if they actually believed what Trump said.
there you go again, making "shut" up.
One of the many pathologies of globalism is that it taught our corporations to think of themselves as citizens of the world, with no superseding obligations to their home country. A few decades down the road, and we were in a situation where our largest, wealthiest, and in many cases most national security sensitive companies were deeply in bed with the Chinese government (via parastatals) and directly balancing and/or triangulating in order to protect equities in an irritably intolerant China (at the expense of equities of a far more tolerant USA). It even got to the point where companies were actually suppressing pro-US and/or anti-China messaging in their ads, products, and workforce.
That's why we are seeing this step with Intel. USG representation on the board will stop the corporate slide into quiet Chinese vassal-ship. We don't have to take stakes in all the companies. Just a few. The rest will see the writing on the wall and take steps to avoid the same fate. In the meantime, the asset side of the US balance sheet just got bigger. Whenever the problem abates, the shares can be sold to reduce debt.
What it is not is a slide into socialism. If Trump were intent on government ownership stakes throughout the private sector, he would not be proposing to sell Fannie Mae & Freddie Mac.
Just read what you just said. The government could take a stake in companies throughout the private sector, and as long as Trump intends to sell Fannie Mae&Freddie Mac, it's not socialism. Whew, what a load.
LOL no, the load is you making such a flimsy straw man. I said no such thing.
First, I didn't say it's socialism, I said it is bad and a precursor to nationalizing private companies we deem necessary. Guess who else did that?
I didn't say you were a socialist. I merely pointed out that taking a minority share of a single private company is not a socialist agenda.
And second, if the government actually started strong arming companies throughout the private sector into giving it shares, I'd hesitate to call it socialism; it would be closer to communism, though on its own, not outright communism.
I wonder if you see the slide in politics, you have lubed the slide up, gotten 13 fire hoses plumbed in, and you're teetering at the top, strapped to a JetSki. You are just about to endorse the nationalization of companies, because the motherland requires it.
Again, taking an 11% share of a single company is not a nationalization program.
I not at all a fan of the USG owning shares of private companies. But I can see what's at play here. It makes sense. We will know soon enough if Trump is intent on an outright USG takeover of the Tech industry. In the meantime, we have no reason to suspect he will. Such would be inconsistent with everything he's said and done throughout his life, to include governance in his first term. If that changes, I'll be screaming about it, more loudly than I have been screaming about big Tech being in bed with China. What I'm not going to do is continue to allow our Corporations to show equal deference to our greatest geopolitical rival. Our companies are going to be American First, or they'll face consequences.
Unbelievable…
I agree. It's unbelievable that globalists expect the USG to tolerate it's own companies showing more deference to geopolitical rivals than to the USG.
You are apparently too young to remember much history. Did we allow IBM to set up manufacturing operations using sensitive technologies in the USSR? Did we allow Soviets to move here to manage all or parts of major corporations? Of course not. It would have been insane to have done so. Makes no sense that we should tolerate such now with China. If you don't like that, Mr. CEO, move yer feckin' family and HQS to Beijing and see how that works out for you.
So now you're lumping in Taiwan with China. Who needs to move to China when you're making this country mimic their tactics? Unbelievable.
News Flash I: Beijing is in China, not Taiwan.
News Flash II: we do have a problem with our economic supply chain being enmeshed with parastatals owned by our greatest geopolitical rival, particularly the ones related to defense, national security, technology, energy, etc..... China is installing malware on electrical grid equipment, fer crissakes. ('memba that time we let the Soviets build a new Embassy for us in Moscow, or were you still in diapers at the time?) Your adversaries, most particularly the ones who know they cannot stand against you in an open field, will find a way to undermine you, weaken you, distract you....... Please explain the logic of why we would build militaries to protect critical industries, then let those industries move production abroad and/or allow adversaries to enter into partnership with those industries (here or elsewhere) for the purpose of having leverage over US policy.
News Flash III: Open borders for people, jobs, and money is not just a failed libertarian experiment....it is an extraordinary anomaly in human history. Whatever can be said about its positive effects on wealth generation, no one is more free because of it, and it is increasingly obvious that the social costs of it have outweighed the benefits of it. THAT'S WHY IT'S COLLAPSING. It no longer serves the common good. No, trade is not going away, but it is going to return to reality. Borders are going to matter again.
I say again......trade policy ALWAYS serves national security policy. Always has. Always will. What you're seeing here is merely a return to reality. The rise of AI is the new space race. We are going to win it. That will require paring back our relationships with China (who is our great rival in AI). We cannot allow our capital, financial and intellectual, to become assets of our greatest geopolitical rival.
Your responses are becoming more and more built around platitudes, a lack of understanding of the current economy, and invented projections. I think you're leaning a little too hard on Cold War metaphors and diaper jokes instead of the facts of how things actually work today. The U.S. doesn't just casually let China handle sensitive defense or strategic technology. We have an entire regulatory architecture designed to prevent that under ITAR and EAR. And as someone who's likely been to China many more times than you, I specifically brought Taiwan into the mix because there
is sensitive semiconductor technology produced there.
The most strategic thing China has a grip on is rare earth processing. That's an item I've argued ad nauseum we should either massively overhaul environmental regs to allow it here, or establish different strategic partners in places like Africa.
And while there are certain strategic industries and materials that have national security interests, by no means does all trade or international commerce fall under that. That blanket position is revealing of your belief in giving government more control of commerce, aka micromanaging the economy the way Trump is trying to do, and ironically mirroring a similar central planning approach the very China you are worried about does.
But overall you've pivoted from decoupling from global trade to a focus on China. There are strategic reasons to do the latter that I agree with, but let's not invent boogeymen to do it, and swipe broad brush strokes encapsulating previously reliable trade allies.