Billions have already been spent on building chip fabs which will never be profitable.
Yes, China is doing the US taxpayer a solid by giving them an opportunity to prevent losing money on AI, but I think this administration is going to find a way to send those billions to silicon valley anyway.
I personally think that moment was in 1993, when the Encarta CD was released.
It had a huge amount of information, but it didn't feel overwhelming.
The internet also didn't feel overwhelming.
In 2005, I think the internet already felt overwhelming.
But I guess if you weren't the nerdy type crawling the web, then social media and smartphones were the game changer and I would put the date closer to 2010.
Only if those American importers had the foresight to buy coffee, or coffee options, earlier.
What happened now was that American importers and speculators immediately scrambled to buy coffee to avoid tariffs and this drove up global prices.
This whole adventure does seem like a win-win though.
Trump and his supporters won because Trump convinced them he got them something.
Colombia won because they didn't have to actually give away anything, but coffee prices did rise even further. If they can get 25% more for their coffee, then that's a cool extra billion on a $4B export.
BRICS also won because they are quickly becoming a more attractive trade organization than the WTO.
I guess only coffee drinking American libs got owned.
You are talking about people who voted loyal to Democrats for decades, donated and campaigned.
The democratic party took their votes for granted and wasn't even willing to talk to them.
As Europeans we have spent trillions on buying American defence products and buying American debt.
While China has been divesting from US debt, the UK and other European countries have been picking up the slack and now own more than 2 trillion of US debt.
I think we have to seriously stop subsidizing the USA and start investing in ourselves.
https://en.macromicro.me/charts/81306/top-10-countries-holding-us-debt
I agree.
This also isn't 2016.
The American voting public knew what they were voting for and they cast their ballots and gave Trump a presidency and a Congressional majority.
Businesses are responding to the changed political reality. And we also know how businesses operate, in an amoral fashion.
If anyone thought Coca-Cola was some paragon of virtue, then they were naive.
Yeah, but think your examples through.
Refusing to treat because of a religion is illegal and there is no way for a doctor to justify it.
But being a doctor that only treats men or only treats women is not illegal, and many exist.
My barber only services men.
If he came out and said that he doesn't cut women because they are inferior or whatever, he would quickly be fined or jailed.
But because he says he specializes in men's hair, it's fine.
And maybe he secretly is a misogynist, but there is no way to know.
You don't understand how medicine works.
A doctor can't just decide to start doing a new medical procedure. They need to learn and practice. It takes a significant investment. And to be good at a procedure requires doing it often.
Even my dentist referred me to another dentist for a relatively simple procedure, because the other dentist is better at it and does it more often.
For a doctor that is not experienced in performing abortions, doing an abortion would be medical malpractice. If anything goes wrong, and the chance is higher due to lack of experience, they will be sued and they will lose the tort case.
So doctors have to choose what procedures they specialize in. And obviously, nobody who is morally opposed to performing abortions will choose to specialize in performing abortions.
It is a conscious choice and long term commitment to be an abortion providing doctor.
Not performing a procedure that you don't regularly perform is prioritizing patient health.
As a European, I say fine and sure.
But then we also withdraw from the Plaza accords.
Ever since China has winded down their US debt holdings, we have picked up the tab and the EU countries are now the largest foreign holder of treasuries.
Time to start selling.
And also, we only buy from European defense firms, no more spending on American defense.