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

  • LetMeEatCake@lemmy.world
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    1 year ago

    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.

    • masterairmagic@sh.itjust.works
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      1 year ago

      This is 40 years too late. That ship has sailed. China is a technologically advanced nation now. It can not be condemed to poverty by Americans.

  • demesisx@infosec.pub
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    1 year ago

    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.

  • dub@lemmy.world
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    1 year ago

    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.

    • masterairmagic@sh.itjust.works
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      1 year ago

      Where I an looking from, America is a far bigger threat to humanity. China did not invade Iraq or bomb Middle Eastern countries with drones.

      • carlosfm@lemm.ee
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        1 year ago

        Iraq was “liberated” and is now a safer place and a democracy. Jolly good work by the americans. Greetings from free Europe

  • Osirus@sh.itjust.works
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    1 year ago

    The military needs to develop its own encrypted os to use on bases and beef up their security. We are vulnerable because we use the dumbest most common OS out there. They should have their own hardware built by their own people. The US military should have its own in house manufacturing and development.