Before WII US firms were selling scrap metal to Japan. It was clear it would come back at us at some point. Now, it’s chips.
China has wasted billions on supposed tech startups. They’re giving money to well-connected people who have never done anything like what they’re proposing. They did the same with pork farmers, giving money to people who knew nothing about raising pigs. Mostly, the money has been wasted because China’s economy is hugely inefficient and corrupt.
We need to keep an eye on things, but it isn’t time to panic.
“The Capitalists will sell us the rope with which we will hang them.”
― Vladimir Ilich Lenin