It's not a handout. It's desperation. Our chip industry has been left in the dust to the point it's a crisis. Intel has been run into the ground.
I think it is a complete lack of knowledge or understanding of the fact that there are rules for running a business in the U.S., and consequences for not following those rules. In Taiwan, managers do whatever they feel like when it comes to hiring and firing. When I worked in Taiwan, the manager would ask me to visit his building for a meeting. When I got there, he would keep me waiting for an hour before he would talk to me. This is a common practice to show guests who is the most important person on site, even though I could easily delay startup of his multi-multi-million dollar chemical complex that his company was probably paying over $50k/day on capitalized interest on.
That's the sort of thing that can happen when your companies are protected by yuge tariffs, among other things. Unions also can cause a lot of damage. It's easy for a company to lose sight of the goal, or forget what made them great in the first place. Boeing is practically on life support.
The consequences of the end of the free market are being felt big time. We are in post-capitalism where the monopolies are are underwritten by the government via direct subsidy, tax subsidy or tariffs instead of letting the companies fall and better organizations rise.
Russians have returned to their little habit of denouncing each other for having the wrong opinions about the War in Ukraine. It's good to see Russia has not given up its traditions. Also, Russians have such bad breath that gnats fly into their mouths on a regular basis (I did not know this). More Russians denounce each other over Ukraine, in echo of Soviet era
are there any industries so critical to national security that you cannot let the one or two major players collapse or relocate to less friendly environs?
China engineers the overthrow of the duly elected president of Mexico and proceeds to radicalize the populace against the U.S. As it trains and arms Mexicans, American expats in Mexico are subject to endless attacks over a period of years. The U.S. has enough and enters Mexico with troops and tanks and bloody conflagration ensues. The Chinese-Mexican regime mobilizes upwards of two-million troops and receives weapons and aid from 50+ countries. The U.S. has no choice but to jumpstart its military-industrial complex and increase its troop strength. Egged on by its wild-eyed beneficiaries, though suffering massive troop losses, hemorrhaging population, economy in shambles, puppet regime bloated with cash infusions, the Chinese proxy invades Texas and captures Brownsville. Now come reports that Texans who sympathize with Mexico are being denounced by their neighbors.
I disagree that this is "the end of the free market". I think the situation is temporary. When countries like China and Russia are threatening war against the U.S. or our allies, then we have to take measures like tariffs to discourage them from making money from us and spending it on their military. There are some industries that we need to succeed, like aircraft manufacture, because that translates into better military weapons platforms, but as long as we have multiple companies to choose from, there is still competition. The vast majority of industries in the U.S. are competitive. We must have close to a dozen automakers in the U.S., for example. I don't think that the gov't is propping one of them up so the others can't compete. Only the high-tech industries and the military-industrial complex have massive gov't support, and there is good reason for that.
The government bails out every single industry. Bank fails? FDIC insures above what’s required. Auto company fails? They get a bailout. Not even talking about Wall Street. There’s no risk for large corporations
Sears & KMart say hello! As do Bed Bath & Beyond and Yellow Transportation (trucking). I agree, we often bail out companies more than we should, but it is not automatic.
these guys are never going back to NK. no way the let them off the farm and expect them to go back North Korean troops deployed in Russia 'gorging' themselves on new internet access - World News - News - Daily Express US A North Korean defector has claimed that entire battalions of his countrymen in Ukraine could desert as soon as they reach the front line. Hyun-Seung Lee, who served in the North Korean army in the 2000s, believes that troops deployed to help Putin's illegal invasion will have been thinking about defection from the beginning. He believes that this view will be enhanced as they begin to realise that their Russian comrades are using them as human shields, and they're already gorging on adult material. North Korean troops deployed in Russia 'gorging' themselves on new internet access - World News - News - Daily Express US North Korean soldiers stationed in Russia to combat Ukrainian forces have reportedly been indulging heavily in pornography, a top foreign affairs journalist has revealed. The troops under Kim Jong-un's command are experiencing much more internet freedom in Russia than back home in North Korea. This newfound liberty has led to a surge in the consumption of adult content among the ranks, it's been reported.
russian central bank running out of currency to buy rubles to support the price.. can you imagine 21% interest rates here? The American voters are going to bail Putin out. People are so clueless as to what they have done.
Ukraine should double-down on dropping leaflets on the NKs with surrender instructions in Hangul on one side and nudes on the other.
Russia just launched a combo drone and missile attack all over Ukraine causing extensive damage. More are expected. NK troops probably also tipped the scale.
ISW think-tank provided large list of potential targets in Russia and their exact coordinates. Institute for the Study of War
