←back to thread

US Intel

(stratechery.com)
539 points maguay | 2 comments | 26 Aug 25 10:47 UTC | HN request time: 0.414s | source
Show context
rich_sasha ◴[26 Aug 25 14:33 UTC] No.45027104[source]▶
I am torn on this.

On the one hand, I strongly agree with this article. This kind of state ownership never brings anyhing good. I don't see how this is different.

On the other, it is hard to deny how impressive the new wave of Chinese manufacturing is. No longer are they just making knock offs of Western products with stolen IP. BYD for example seems genuinely innovative, a top product. There are many other examples.

Now, these are clearly not state-ran enterprises, but equally the state is heavily involved. Or, Nvidia is concerned because China can mandate that the whole country pivots to using Chinese GPUs, seemingly with no deteiment to their AI research, while amazingly benefitting their own chip production ability.

I'm not sure how I reconcile these two.

replies(8): >>45027222 #>>45027484 #>>45028593 #>>45028676 #>>45029577 #>>45030104 #>>45030127 #>>45032850 #
1. Workaccount2 ◴[26 Aug 25 18:03 UTC] No.45030104[source]▶
The thing the US should fear the most, ironically, is China moving further and further away from communism.

If something happened to Xi and the party elected a hard nosed communist, China would unravel itself.

replies(1): >>45035333 #
2. prewett ◴[27 Aug 25 04:02 UTC] No.45035333[source]▶
Xi is a return towards Communism, or at least Communist-style control. And things have slowly gotten worse over his tenure. I think zero-Covid and the Shanghai debacle lost a lot of trust, too.

I don’t foresee the Party choosing someone more hardline than Xi, though. China has always been authoritarian, but collective ownership was new and an unmitigated disaster. They are too smart to go back that direction, although if they did, I could see that happening.