2,503 karma · joined April 26, 2010
As for your job search, I would recommend that you look way beyond your home country if you haven't started doing that already. There are markets where there are jobs and while finding work overseas is not easy, there are markets where ML/product/research roles are still open.
Apple doesn't deserve the share price it enjoys.
For each of those firms there was a 'golden era' and then a time when the company coasted on their laurels, and then the slide to irrelevancy.
This is a fascinating data point. This should be more prominent.
China has supported key industries (like EVs, batteries, solar, semiconductors) that it views as strategic. Each country should do the same for their own situation. There is no such thing as pure capitalism- and what you see is 'protectionism' is to a lawmaker a way to ensure that the local company survives and provides jobs for the local region/state, etc.
And as the other commenter mentioned, auto manufacturing plants were retooled to make tanks and jeeps in WW2 and so no country that cares about their own military survival should cede auto manufacturing to another country, let alone China.
Allowing in Chinese EVs into markets where there are important domestic auto manufacturers will be very bad for those domestic manufacturers. (US, Germany, France, S.Korea, Japan, etc.) Outside of Tesla, none have EV brands competitive with the Chinese firms and if customers in those non China markets migrate to Chinese brands en masse, it would be tremendous disruption and the failure of many storied domestic brands.
It is important that the US have strong auto companies. Same is true for Germany, France, Japan, S. Korea, etc.
China should have strong car companies for their domestic market. The problem comes when they end up destroying other/outside markets.
Look at solar panels, drones, batteries, for similar comparisons.
"Wildman Whitehouse predicted that sending bits down long undersea cables was going to be easy (the degradation of the signal would be proportional to the length of the cable) and William Thomson predicted that it was going to be hard (proportional to the length of the cable squared).... The two men got into a public argument, which became extremely important in 1858 when the Atlantic Telegraph Company laid such a cable from Ireland to Newfoundland: a copper core sheathed in gutta-percha and wrapped in iron wires."
https://www.bradford-delong.com/2005/07/neal_stephenson.html
I would disagree. Japan is a good example of a market where there are a lot of small public companies and they're largely held by the founders. There is not enough share holder pressure and these small public companies are often barely profitable and run poorly. I am sure there are other markets that are similar to Japan where there are publicly traded companies without enough buyers or liquidity or transparency, etc.
Would the CCP allow their cloud infra to be administrated by US staff in the US? Never.
America is a shrine to capitalism. Capitalism has driven most of the outsourcing that American companies did first to Japan (ship building, autos, then semiconductors), then to Korea (again shipbuilding, autos, semiconductors, smartphones), then to Taiwan (shipbuilding, semiconductors). Then to China- which is now a problem because the divergence between the US and CN post-Xi.
Tesla and Apple's investments in China specifically supercharged the EV and smartphone industries in China. Yes it meant that those companies benefitted from Chinese manufacturing, but it also trained Chinese industry to build those products at scale.
Also America did not reinvest enough in developing new industries or retraining in the regions which lost those industries.
America should never have moved critical manufacturing away from the US (certain shipbuilding, latest-edge semis) etc.
Yes, but the key man problem still exists. For instance, SpaceX could build/operate a network of weather satellites for various nations but the instability of the founder leads to similar issues.
Some thoughts: 1) drain almost all the gasoline from vehicles so that if there is a fire, the fuel is limited.
2) for battery EVs, other than disconnecting the batteries, I dont see a way to make them safer for transit.
If we wanted to limit the spread of Chinese EVs globally, one way would be for shipping companies to tax EVs heavily for sea transport so that fires would be covered by the increased transport costs.
Many non Japanese who are buying in Japan without understanding this fundamentally different aspect of real estate in Japan do so at their own risk.