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Re:U.S. to spend $1.5B to jumpstart alternatives to Huawei by pydry on Wednesday December 07, 2022 @11:44AM (#33896594)
It's funny how zealously pro free trade / ricardian "theory of comparative advantage" America was in the early 2000s when it was the industrial top dog.

Economists who drank the koolaid even paternalistically tutted at developing countries like China for doing stuff like this - genuinely believing that they were doing actual harm to their people by not just eliminating every subsidy and tariff.

The tables have really turned.

Re:U.S. to spend $1.5B to jumpstart alternatives to Huawei by typon on Wednesday December 07, 2022 @01:09PM (#33897813)
Silicon Valley VC culture still believes in this mythology whole-heartedly - but they add an extra layer of not really understanding what all this actually means because its written in books and those are not blog posts so it's hard to read them
Re:U.S. to spend $1.5B to jumpstart alternatives to Huawei by readonthegoapp on Wednesday December 07, 2022 @12:46PM (#33897534)
i would guess there's still a large majority of americans, esp in the intellectual/managerial/upper classes, who believed and still believe all the 'free trade' stuff -- the dynamism and creative energy of capitalism, etc.

if i had to put a number on it, prob 95% of people in the upper 10% of income/wealth in america believe all the standard myths about capitalism and free trade and competive advantage, etc. and 99% of VC-types.

chomsky always says how the countries that do best mimic what we do instead of what we tell them to do.

there's a reason people like matt y and ezra k and myriad others get so highly paid -- they have to write and speak complete nonsense on a daily basis. they prob even believe what they're saying sometimes. how could they not? the cognitive disonance would be too much for anyone.

Re:U.S. to spend $1.5B to jumpstart alternatives to Huawei by iforgetti on Wednesday December 07, 2022 @01:05PM (#33897781)
I recommend reading some of the original economic theory that undermines the “Chicago School” free market thinking of Milton Friedman and others who it seems you are so fed up with.

One good place to start might be the work of Friedrich Hayek.

If you are like me, you might start to have a more nuanced view than “It’s not true!!”.

Hayek for example despite being in many ways the father of this work was very explicit about the role of government and the many areas he considered government intervention essential.

Re:U.S. to spend $1.5B to jumpstart alternatives to Huawei by readonthegoapp on Wednesday December 07, 2022 @01:15PM (#33897906)
austrian school guy? like von mises? one of the early neoliberals?

i went thru a bunch of that 20 years ago after stumbling on antiwar.com.

i think hayek and i prob have diff views on how to use state power.

https://chomsky.info/20210916/

  Friedrich Hayek, the moral leader of neoliberalism, visited and said he was impressed by the freedom under Augusto Pinochet and said he couldn’t find a single person in Chile who didn’t think there was more freedom under the Pinochet dictatorship than under Allende. Somehow he couldn’t hear the cries of anguish from Via Grimaldi and other torture chambers.
that guy?
Re:U.S. to spend $1.5B to jumpstart alternatives to Huawei by iforgetti on Sunday December 11, 2022 @01:20PM (#33945782)
Yep that guy, except I suggest reading his actual work instead of basing your thinking on what someone else thought he thought.
Re:U.S. to spend $1.5B to jumpstart alternatives to Huawei by avbanks on Wednesday December 07, 2022 @03:03PM (#33899464)
Is China actually conducting Free Trade to the United States?
Re:U.S. to spend $1.5B to jumpstart alternatives to Huawei by hkdjkfjhfkfjgh on Wednesday December 07, 2022 @06:10PM (#33901729)
yes, they are just better are managing their industry incentives, and have better regulation that cap profits and cause the 20pct investment back in R&D the top comment mentioned.

shrug emoticon

Re:U.S. to spend $1.5B to jumpstart alternatives to Huawei by avbanks on Tuesday December 13, 2022 @11:55AM (#33971562)
How does this relate to Free Markets? Or is this sarcasm?