It took several decades of consistent development. It is not possible to do that, in US with 4 year election cycle. Next gov will just roll back all reforms, and redirects all money...
But ultimately, this is why America should look towards congress for enacting lasting change.
What chaos? The market going down a little bit?
CHIPS act is still in place
https://www.techtarget.com/searchcio/news/366622293/Trump-pu...
If that is repealed, it would be replaced by something with more favorable terms for the US.
TSMC is investing $65B to build three fabs in Arizona.
Are you against negotiating a better deal?
That is literally what my father and his friends dealt with as young men after dealing with the Cuban Missile Crisis as children.
I only dealt with this one time in 1st grade. Air raid drill, get under the desk kids and cover your head to practice in the event the Russians drop a megaton h-bomb on the school.
Or the stability of WW1 or WW2?
1990 to 2020 was a wonderful time, I feel so lucky to have lived my life then but that was a completely abnormally calm time in history.
But we had the GFC in 2008. Millions of people lost their homes, lost their job, lost their savings.
1990's were pretty stable.
Taiwan also seems to have a 4 year election cycle. It may be something about a culture that cannot think long term any more ...
Well... and massive investments. Where did those come from?
> It is not possible to do that, in US with 4 year election cycle
The great thing about Trump is he has made everyone forget that Congress exists and has these responsibilities.
> Next gov will just roll back all reforms, and redirects all money...
The other great thing is people forget Trump has donors and investors on his side who benefit from all these changes. The next administration will be just as beholden to these interests as this one is. The current US president is just a branded token of the elites. It's meant to keep the population in check not create a policy free for all.
This is objectively wrong.
Taiwan made tremendous economic progress during the period of one-party rule under Chiang Kai-shek and later his son Chiang Ching-kuo. During the KMT's authoritarian rule from the late 1940s through the 1980s, Taiwan experienced the "Taiwan Miracle". Land reforms in the 1950s boosted agricultural productivity and created a rural middle class. In the 1960s Taiwan shifted from an agriculture-based economy to an export-oriented industrial economy, and by the 1980s Taiwan had one of the fastest-growing economies in the world, with GDP growth rates often exceeding 8-10% annually. Chiang pursued an export-led growth model, encouraging foreign investment and industrial development, supporting industries like semiconductors, which is why you have TSMC today.
The KMT government also made major investments in education, particularly in science and engineering, hugely increasing literacy rates. All these strategic initiatives and policies meant that Taiwan became one of the Four Asian Tigers by the 1980s.
On a slightly related note, on Taiwanese social media today it is not uncommon to come across Taiwanese people lamenting that the KMT built the TSMC, and the DPP is selling it out. Whether this is a fair and accurate assessment of the DPP is another discussion, but this seems to be the sentiment among many Taiwanese these days.
> After retreating to Taiwan, Chiang learned from his mistakes and failures in the mainland and blamed them for failing to pursue Sun Yat-sen's ideals of Tridemism and welfarism. Chiang's land reform more than doubled the land ownership of Taiwanese farmers. It removed the rent burdens on them, with former land owners using the government compensation to become the new capitalist class. He promoted a mixed economy of state and private ownership with economic planning. Chiang also promoted a 9-years compulsory education and the importance of science in Taiwanese education and values. These measures generated great success with consistent and strong growth and the stabilization of inflation.
Intel has factories in the US.
"Trump and TSMC announce $100 billion plan to build five new US factories"
https://www.reuters.com/technology/tsmc-ceo-meet-with-trump-...
Democrats and Republicans are united on this. They all want semiconductors manufactured domestically.