this post was submitted on 10 Aug 2023
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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

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[–] LetMeEatCake@lemmy.world 26 points 1 year ago (1 children)

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.

[–] tonytins@pawb.social 12 points 1 year ago (1 children)

Oh hey, a ban that actually makes sense.

[–] Veraticus@lib.lgbt 10 points 1 year ago

Probably a good move honestly.

[–] dub@lemmy.world 9 points 1 year ago (2 children)

Like it or not China has become a huge threat, not just economically. they are not our allies but any stretch and we shouldnt treat them as such.

[–] brainrein@feddit.de 2 points 1 year ago

At least that's what the current hegemon says to the world.

[–] Osirus@sh.itjust.works 7 points 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.

[–] demesisx@infosec.pub 7 points 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.

[–] Lem453@lemmy.ca 2 points 1 year ago (1 children)
[–] betterdeadthanreddit@lemmy.world 5 points 1 year ago* (last edited 1 year ago)