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paleotn

(22,367 posts)

20. Have to. Exactly where capitalism breaks down.

Tue Jul 26, 2022, 07:08 PM

Jul 2022

Unless there's a quick buck to be made, forget it. American capitalism has an attention span of weeks to months, not years or decades. If left to their devices, everything would gravitate to the low cost producer, safety and national security be damned.

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Senate moves forward on bill to boost semiconductor industry in effort to thwart China's rise [View all] Yo_Mama_Been_Loggin Jul 2022 OP

Socialize the costs, privatize the profits? n/t hibbing Jul 2022 #1

Like we do in health care, military research and a bunch TreasonousBastard Jul 2022 #4

Have to. Exactly where capitalism breaks down. paleotn Jul 2022 #20

Pretty sure the argument is that there is a social benefit to avoiding Chinese trade mathematic Jul 2022 #8

CBS: Senator Bernie Sanders has called the bill a blank check for the microchip industry yaesu Jul 2022 #2

Do whatever it takes to remove China's boot from our neck. On or off, Bernie. oldsoftie Jul 2022 #3

China has heavily subsidized its chip industry for decades so I'm not against US boosting the yaesu Jul 2022 #5

I agree with BOTH those points. This should be strictly to get OUT of China. oldsoftie Jul 2022 #12

It's the fault of all the corps that left the U.S. for cheap labor. "The giant sucking sound." Evolve Dammit Jul 2022 #16

Just like all the other corps. But we have to do something NOW regardless. oldsoftie Jul 2022 #18

Not disagreeing, however we become "nationalists" and world trade suffers. The problem is that Evolve Dammit Jul 2022 #22

Well, it doesnt ALL have to come back HERE, just get out of China. oldsoftie Jul 2022 #24

If you have the inclination, check out "The Corporation" a documentary that won 36 int'l awards. Evolve Dammit Jul 2022 #29

Sorry Bernie, those Taiwanese, Japanese and Korean chip makers comradebillyboy Jul 2022 #15

+1 betsuni Jul 2022 #23

+1000 Demsrule86 Jul 2022 #40

Not there won't be any amendment as that would be a poison pill. Demsrule86 Jul 2022 #41

Will the chipmakers put all of their new plants in Red states? n/t barbaraann Jul 2022 #6

A lot of Dems live in those red states who will also benefit from the jobs zeusdogmom Jul 2022 #10

My family will benefit...my son has been on layoff of and on and he works in a plant that Demsrule86 Jul 2022 #38

They'll need a trained workforce... paleotn Jul 2022 #21

We will have the people... we already have folks working on electric cars in the midwest. Demsrule86 Jul 2022 #37

Maybe if those in the rustbelt see Democrats increasing jobs the states will be back turn Demsrule86 Jul 2022 #39

remind me again who pulled us out of the Trans Pacific Partnership TomDaisy Jul 2022 #7

That was a bad deal and allowed countries who manufacture using slavery to join...I am so Demsrule86 Jul 2022 #36

A payout to Intel???? Farmer-Rick Jul 2022 #9

And who controls most of the materials for those solar panels? oldsoftie Jul 2022 #13

Actually the biggest Solar Panel manufacturer Farmer-Rick Jul 2022 #25

They may be the biggest manufacturer but China controls the rare earth minerals. oldsoftie Jul 2022 #26

I suppose that's true about the rare earth minerals Farmer-Rick Jul 2022 #27

It'll bring mfg back here but we'll still have to deal with material supply. oldsoftie Jul 2022 #28

That is a good point. Demsrule86 Jul 2022 #34

Intel does about 75% of its manufacturing in the US Farmer-Rick Jul 2022 #42

According to others, there are a lot of restrictions on this money. oldsoftie Jul 2022 #44

That would be really good Farmer-Rick Jul 2022 #45

It creates jobs...in fact save two ford plants in Ohio and makes it possible for electric cars to be Demsrule86 Jul 2022 #35

What is a riot... The Jungle 1 Jul 2022 #11

This bill means jobs which will feed many of our kids. Demsrule86 Jul 2022 #33

Good, I'm 100% on board with this legislation. comradebillyboy Jul 2022 #14

Yes he is...I think he has a grudge against autos. He also voted to allow the auto bankruptcy... Demsrule86 Jul 2022 #32

China makes most of our drugs too (antibiotics in particular). Roosting time. Evolve Dammit Jul 2022 #17

Seems like THAT could be an EO. Its a terrible security & health issue oldsoftie Jul 2022 #19

I read where California will start making pharmaceuticals. Demsrule86 Jul 2022 #31

We (LOL); substitute THE CORPORATIONS need to step up and bring home vital interests. Ya right. Evolve Dammit Jul 2022 #43

Excellent news...this will creat good paying jobs here at home in the rustbelt and other areas. Demsrule86 Jul 2022 #30

I think it's important EndlessWire Jul 2022 #46

MORE good news! RussBLib Jul 2022 #47