White House unveils ban on US investment in Chinese tech sectors::Biden cites security risk as he restricts American capital for companies linked to China’s military
It’s smart, I don’t know how people will feel about it but it’s smart.
The US and China are in an escalating economic cold war. It’s goes completely against US interests to invest finite resources into growing the economy of an economic rival — and ditto for the converse of China investing into growing the US economy. Especially in an aggressively competitive economic sector where relative technological advancement is king for competitive purposes.
Oh hey, a ban that actually makes sense.
Probably a good move honestly.
A great move 30 years after neoliberalism forced globalization down our throats and brought the planet to the brink of collapse in the name of exploiting the global south.
Like it or not China has become a huge threat, not just economically. they are not our allies by any stretch and we shouldnt treat them as such.
At least that’s what the current hegemon says to the world.
Non paywall link?
