What industries? Steel? Protectionism. Batteries? Protectionism. Solar? Protectionism. Autos? Protectionism. Aircraft? Protectionism. Agriculture? Protectionism.
Why? Because efficiency is a tradeoff where you give up security and resiliency.
Why? Because efficiency is a tradeoff where you give up security and resiliency.
The US imports steel, and the protectionist regime almost killed the US steel: https://reason.com/2024/01/02/protectionism-ruined-u-s-steel...
> Batteries? Protectionism. Solar? Protectionism.
That's relatively new, and it _will_ lead to disaster. The US is already falling behind in battery tech compared to China and South Korea.
> Autos? Protectionism. Aircraft? Protectionism.
Need I remind you of Detroit and its handling of cheap Japanese imports in 70-s and 80-s?
Aircraft are only slightly protectionist, the US companies can (and do) buy foreign aircraft (Airbuses and Embraers are commonplace).
If the Pharoah wants a fleet of aircraft carriers, the Pharoah will have a fleet of aircraft carriers.
The West plays nice as much as possible. China is playing to win.
I'm not seeing it. Chinese economic power and tech capacity might exceed US capacity in time, but I give it only p = .25 or so. China's descending into some sort of political chaos seems more likely.
> Our research reveals that China has built the foundations to position itself as the world’s leading science and technology superpower, by establishing a sometimes stunning lead in high-impact research across the majority of critical and emerging technology domains.
> China’s global lead extends to 37 out of 44 technologies that ASPI is now tracking, covering a range of crucial technology fields spanning defence, space, robotics, energy, the environment, biotechnology, artificial intelligence (AI), advanced materials and key quantum technology areas. The Critical Technology Tracker shows that, for some technologies, all of the world’s top 10 leading research institutions are based in China and are collectively generating nine times more high-impact research papers than the second-ranked country (most often the US). Notably, the Chinese Academy of Sciences ranks highly (and often first or second) across many of the 44 technologies included in the Critical Technology Tracker. We also see China’s efforts being bolstered through talent and knowledge import: one-fifth of its high-impact papers are being authored by researchers with postgraduate training in a Five-Eyes country. China’s lead is the product of deliberate design and long-term policy planning, as repeatedly outlined by Xi Jinping and his predecessors.
Emphasis mine.
And the West isn’t? I honestly am not sure whether I prefer Xi Jinping over one of the candidates in the upcoming US elections.
There are still thankfully some checks and balances in place, but if the loudest elements of one of the two major US parties has everything their way, I’d honestly prefer to live in the PRC.
Please, tell us how you came to this conclusion
Investment can (and often is) different from protectionism. Typically, investment provides time-limited grants or other forms of support. If a company misuses them, a global (or local) competitor will outpace it.
Protectionism ensures that companies are indefinitely protected from global competition, so they don't feel as pressed to improve.
I am not a terribly smart person, and I don’t have all the answers, but I would argue it’s clear what we’ve done so far isn’t working, based on all available evidence.
Cheap labor cost typically is only a fraction of a high-tech product. If anything, China was not the world's biggest factory, but the world's biggest assembler. It's changing right now, and China is producing more of its own high-tech components.
So a small amount of protectionism (like a 10-15% tariff) might be OK, and it will compensate for this labor cost discrepancy. But not tariffs that simply make the local industry complacent.
American movies, however, are still quite popular abroad. Offhand, I'd say it's one of America's biggest exports. "Microcode" is the other one, if you mean things like CPU design: all the biggest CPU makers are in America: Intel, AMD, Apple, Qualcomm, etc. (Many of the CPUs are manufactured elsewhere, usually by TSMC, but all the design work is done in the US.)
That's just not true. As long as you are able to get an original ticket and not a resold one. But ticketmaster and live nation should be regulated because they're a middleman monopoly in all of it.
According to the 1st paragraph of the linked article, it is.
>As long as you are able to get an original ticket and not a resold one.
That's pretty useless if they all get bought up by resellers.
I'm not talking about original ticket prices, but rather the prices that normal people actually pay. According to the article, it's huge because of scalpers. Maybe that isn't true in your experience, but it seems to be true for enough people that they're writing articles complaining about this.
If you want to be able to build and retain the capability, you have to protect the machine that does the building: people, institutional knowledge and domain expertise, equipment, etc. Otherwise, you forget how to build, the machine evaporates. And here we are.