Quote:
Originally Posted by GrantDawg
The standard answer would be innovation. Private companies are going to be more motivated to continue to innovate versus government employees. But you also know that people that always cry "socialism" are just fine with the government giving subsidies and tax breaks to private business. There would be weeping and gnashing of teeth if the government actually started opening factories.
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That hasn't motivated them to keep the supply chain stocked. The private sector has failed in terms of chip-making, especially the American companies.
I'd also say that the chips we need most aren't the cutting-edge stuff you find in high-end graphics cards. It's the more basic, older stuff found in cars, medical devices, appliances, etc. That doesn't require the kind of innovation we pretend is coming from American companies.
Also, Japan and Korea were not impacted by this as much as we were. Their companies re-invested into their companies while American companies just bought back shares in their stock. Just saying that if we consider this a national security issue, we shouldn't be counting on companies that only care about pumping up stock prices for a handful of their top executives.