> after further sharing of valuable IP, Futures abandoned the deal. Smith’s Harlow went into administration in 2020. As their Chairman put it: “They’ve taken what they wanted and now they’ve got it, they didn’t need the shell of Smith’s”.
Welcome to capitalism. Why did a Chinese company, or any company, to continue a deal once they got what they wanted?
> Both our countries have had to take action to stem CCP acquisition of cutting-edge national security advantage.
So, China paid for it.
It seems that to move all jobs to China was good because it only affected the working class. But now capitalism is not so good anymore.
I see that dangers of the CCP taking over high tech industries, they should not be allowed. But it is probably too late to do this effectively as most manufacturing has moved to China. Profits over people always bites back.
> I see that dangers of the CCP taking over high tech industries
Then you see more than our wise economists, whose theory predicts, by way of simplified models and comparative advantage, that our instincts are wrong and everything will work out okay.
The iPhone could have been made in the west, but for many years it would have cost a lot more. It’s hard to imagine, but half a million people working in a single factory can accomplish amazing things. With America’s aging population, this is very difficult to accomplish here, And robotics are still many decades away from replacing reconfigurable human labor at low cost.
Do you think that we in the west are then more closely responsible for the repression of people in China than what we admit to ourselves? We want cheap things? Oh, this country can offer low cost labor... It's like blood diamonds (probably worse in terms of scale), but less controversial for some reason.
Weapons of Mass Destruction, Weapons of Mass Destruction, Weapons of Mass Destruction. You have lost your moral ground to speak. Yes FBI and MI5 are included, your are part of the western intelligence alliance. Yes China is a baddy, but you have lost your credibility, I am not sure if you will ever get it back.
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[ 3.2 ms ] story [ 25.6 ms ] threadWelcome to capitalism. Why did a Chinese company, or any company, to continue a deal once they got what they wanted?
> Both our countries have had to take action to stem CCP acquisition of cutting-edge national security advantage.
So, China paid for it.
It seems that to move all jobs to China was good because it only affected the working class. But now capitalism is not so good anymore.
I see that dangers of the CCP taking over high tech industries, they should not be allowed. But it is probably too late to do this effectively as most manufacturing has moved to China. Profits over people always bites back.
Then you see more than our wise economists, whose theory predicts, by way of simplified models and comparative advantage, that our instincts are wrong and everything will work out okay.
The iPhone could have been made in the west, but for many years it would have cost a lot more. It’s hard to imagine, but half a million people working in a single factory can accomplish amazing things. With America’s aging population, this is very difficult to accomplish here, And robotics are still many decades away from replacing reconfigurable human labor at low cost.
Do you think that we in the west are then more closely responsible for the repression of people in China than what we admit to ourselves? We want cheap things? Oh, this country can offer low cost labor... It's like blood diamonds (probably worse in terms of scale), but less controversial for some reason.
I love that he takes on the false equivalence we see often employed to deflect.