Comment by lotsofpulp

Comment by lotsofpulp 2 days ago

> but this means giving up on doing other things you could use the resources for.

Aka giving up the security and being more vulnerable to volatility. The pendulum can swing too far, as resilience cannot be measured in dollars.

_DeadFred_ 2 days ago

Up until recently we all naively believed 'a rising tide lifts all ships' meant we'd all choose to get along and everyone would benefit.

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t-3 2 days ago

It wasn't a naive belief, people did choose to get along economically and everyone benefited. The naive part is thinking that economic interdependence means political submission and that political and economic development are necessarily related.

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mlyle 2 days ago

Sure. As I pointed out, something like the CHIPS Act may be good for US resilience and national security, but is unlikely to be good for US economic output.

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