US sanctions going well

Odd how this happens just as America’s foreign policy talking heads had to turn onwards to deal with Biden’s collapse…

Almost as if the US is the main impediment to peace in the region.

Can you spell racism for me?

The CHIPS Act was signed in 2022.

In 2022, what were the top bleeding-edge node semiconductor fabs? TSMC (Taiwan), Samsung (South Korea), and Intel (USA). Do you see China on that list?

In 2022, what was the only company with a functioning 28nm DUV lithography machine? ASML (Netherlands).

US sanctions – and US sanctions alone – pushed Chinese investment into semiconductors. If you actually worked in the industry, you’d know that the Chinese government has tried for more than a decade to get Chinese companies to use Chinese semiconductor tech… To no avail. The US stabbed itself in the foot, pushed Chinese private capital into Chinese semiconductor firms (instead of foreign ones), and the rest is history. This is basic capitalist theory.

I guess you can also ignore the $15 billion bailout for airlines?

But sure, let’s talk about the great backlash to the GM bailout… ignoring the Chrysler bailout. Ignoring the bailouts of JP Morgan Chase, Bank of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs… All essential for national security, or so I’m told.

Let’s now talk about companies in China’s EV race… WM Motor, which used to outsell Tesla, is gone. Byton, gone. Aiway, gone. Levdeo, gone. Mitsubishi, gone. Honda, Hyundai, and Ford? All desperate to cut out their JVs.

Western countries support individual companies constantly.

Intel received $8.5 billion in funding under the CHIPS Act

The General Motors bailout forced the US government to write off a $11.2 billion loss

Shell, ExxonMobil, and others have received countless billions in O&G subsidies

Government sales make up $49.2 billion, or 74.6% of Lockheed Martin’s total sales

The entire principle of US industrial policy is that the government does nothing and everything should be outsourced to a private contractor. Inherently that must mean supporting some private companies more than others.

Your argument makes literally no sense when considering that Chinese companies consistently and notoriously sell their products in China for a fraction of the cost of the export models. BYD’s Atto 3 sells for $20k in China and more than $40k in the EU, for example. Those export prices aren’t subsidized. In fact, their margins are absolutely absurd.

The fact is that China has figured out industrial manufacturing and can build the same class of product for half the price… Or less. Of course, there’s no reason to pass those savings onto consumers without competition, and export markets are simply less competitive than China.

Economics says that Chinese companies are just more efficient as a whole - through sheer competitive advantage, China can produce more per work-hour than everyone else. In fact, this has been a huge problem for China’s labour demographics as there’s just simply no more manufacturing jobs - an auto factory that would’ve employed thousands just a decade ago might employ barely a few hundred today. Instead of outsourcing to other countries, most of those jobs have been literally outsourced to robots

The story not being told is that Chinese factories are absurdly automated compared to the rest of Asia - their competitors are South Korean and Japanese factories, but they’re entering markets that are still heavily labour-centric. China is spearheading this new evolution of industrial manufacturing and everyone else is forced to either adapt or die.

4.7% YoY Q2

5.3% YoY Q1

0.7% QoQ Q2

1.5% QoQ Q1

Retail sales were the contributor (2.0% YoY growth, vs. 3.3% expected)

Retail growth is being sandbagged by a few key factors:

1. Luxury goods demand being beaten to the absolute ground. Eviscerated.

2. Foreign brands have tanked in China - Apple, foreign cars, etc. and have been replaced by (cheaper) domestic alternatives like Huawei, BYD, etc.

3. New trade restrictions with the US and Europe have limited Chinese consumption patterns. For example, the RTX 4090 is blocked from being exported to China.

Alibaba has already gone crazy with it lmao it’s so funny

Something something this is a sign of a healthy economy and it’s actually China that’s going to collapse

Genocide is ok because it happened in the past? Glad to know how much you respect the rule of law and whatever.

You do realize that renewables still have an emissions footprint from manufacturing, transportation, deployment, transmission, and recycling/retirement… Right? That they’re limited lifespan disposable goods? So are batteries.

Moreover, each new solar panel has an opportunity cost in that it could be used to supplant fossil fuels in an area of the world that would actually benefit from it, rather than helping a facility THAT ALREADY HAS A TEMPERATURE CONTROL SYSTEM cool things down further because Americans are too spoiled with their extreme electricity consumption patterns to do anything else.

And yet your neighbours evidently disagree, given the extent from which the Donbas and Luhansk militias successfully recruited from the population.

An anecdote does not disprove statistics.

Funny that you should bring that up, because Eastern Ukraine is ethnically and linguistically Russian-dominated, just like Crimea. Self-determination for me but not for thee?

Why does Western Ukraine get to dictate the sovereignty of Eastern Ukraine?

See I agree, but Boston-New York and New York-DC are still very competitive with driving and flying, if only because their respective airports are so far from the city itself.

Canada’s military was responsible for the subjugation and genocide of many First Nations group, including against the Metis, Cree, and Assiniboine peoples, as well as deployed abroad to subjugate the Boers in South Africa in support of the British Empire. The Canadian Army was also deployed in Afghanistan, where Western powers fought for two decades to replace the Taliban with the Taliban and caused untold amounts of suffering in the process.

Now do Iran.

Considering Canada declared Iran’s army as a terrorist entity…

The US refuses to send Ukraine better ATACMS. At the end of the day, the US wants cluster munitions to proliferate because it aligns with NATO military doctrine.

Where do you think the energy for electric heating and cooling comes from? Thin air?

AC still makes up like 7% of global GHG emissions. That’s more than aviation and computing… Combined. That’s on par with the entire iron and steel industries. In fact, it’s almost on par with the GHG emissions of all agriculture output and is expected to exceed the entire agriculture industry’s GHG emissions before 2050.

This doesn’t answer why Crimea’s population has more or less remained constant (with growth consistent for its size and geography)…

This is just pulling numbers out of your ass to justify shit on your face.