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The Federal Reserve is now saying that the US shot itself in the foot with its export controls on China, as illustrated by Intel's recent staff layoffs. (www.newyorkfed.org)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 3 months ago (1 children)

That article mostly seems to be arguing that the CHIPS act giveaway is too small. Maybe it is, but the fundamental problem is that our largest corporations are being run by traitorous, globalist wreckers who will undermine our national economy by taking the money and using it to accelerate offshoring. If Chinese CEOs tried to pull this stuff they'd end up in reeducation camps.

[–] [email protected] 2 points 3 months ago

I very much agree, the fundamental problem in the west is that capital stands above the government, and capitalists have no allegiance to any nation.