Comment by bmitc
17 hours ago
Why do people always bring up state support when it comes to China? As if the U.S. doesn't provide massive tax breaks and explicit funding to industry?
It's on every tech post about China, as if it gives them some sort of "unfair" advantage.
Because the scale of the subsidization is unimaginably different.
Are you saying that publicly funded fundamental research is somehow a bad thing now?
The US is trillions in debt pal. Talk about unfair advantages!
Debt doesn't really mean anything at this scale. Especially when the debt is denominated in US dollars and the debtor operates an extraordinary number of aircraft carriers.
It's that old saying "if you owe the bank $1,000 then you have a problem. If you owe the bank $1 trillion the the bank has a problem.
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The scale of public spend is probably much higher in the US..
yep. the ppp loans alone dwarf any state subsidies any other country has ever done
How much is it?