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A comment on How real is America’s chipmaking renaissance?. Parent comment
It's an extremely efficient allocator... on a certain timescale, itself determined by the market.
It's an incompetent allocation on different timescales, typically when you get into the 5+ year range.
The ideal blend is when capability is centrally planned, but implementation and tactical scale is market-demanded.
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It's an extremely efficient allocator... on a certain timescale, itself determined by the market.
It's an incompetent allocation on different timescales, typically when you get into the 5+ year range.
The ideal blend is when capability is centrally planned, but implementation and tactical scale is market-demanded.