alt Hacker NewsWhat "prized industries" are still there other than automakers? They're already boned, they just haven't accepted it.
China now leads the world on R&D and hard science, and is already making strides in chip design and chip making. How far off do you think a Chinese ASML is? Two decades at most? Or more like one?
And what would be the solution? I think we've all learned that protectionism doesn't work.
> What "prized industries" are still there other than automakers?
Automation Engineering, Materials Engineering, Biopharmaceuticals, Automotive Engineering (already mentioned), and Genomics.
China has made tremendous gains, but that should not undermine the fact that the fundamentals still exist within the EU, but Europeans on the Internet seem to vaccilate between chest-thumping Euro-nationalism (which is dead in the water and easily disprovable) or defeatism (which doesn't make sense and is also easily disprovable).
> How far off do you think a Chinese ASML is
1. ASML's EUV/DUV IP is owned and airgapped from the rest of ASML by the US DoE's JV with ASML called Cymer
2. Around 5-7 years, which is a loss from a Chinese NatSec standpoint and shows the Sullivan doctrine is still intact (keep China 1-2 generations behind the collective west in semiconductor fabrication capabilities).
> And what would be the solution? I think we've all learned that protectionism doesn't work.
The EU never actually tried protectionism or industrial policy. When most other countries and trade blocs were flouting the WTO, the EU kept trying to prop it up in order to negotiate with the US.