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US will ‘Do Whatever It Takes’ to curb China tech, Raimondo says. Not really clear what cards US still has left to play though. (www.bloomberg.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 8 months ago (1 children)

Which is sad/funny because the American federal government really can’t run out of money. It could hypothetically run out of resources, sure, but US dollars can buy any raw material anywhere and even then the land we stole from the indigenous nations happens to be some of the most resource rich in the world. The government could easily spend tens of trillions to create bleeding edge infrastructure and simply chooses not to.

[–] [email protected] 8 points 8 months ago

US government won't build tech manufacturing facilities. It is ideological.

Private industry also doesn't want to build tech manufacturing in US - not at a level that competes with China or other places in Asia.