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Joined 2 years ago
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Cake day: October 23rd, 2023

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  • Competition and markets authorities are empowered to block acquisitions and it’s often high profile when it’s done due to an unfriendly power like china trying to do it. The USA is now a more aggressive power than china so acquisitions by US companies ought to be blocked by default.

    This may mean less money flows from the US into the European acquired companies, but tough shit, this is too important.

    We need to realise that the status quo is not what we had two years ago, because Trump changed it. He’s making the whole world poorer, and we can choose whether that poverty affects us monetarily (because we need to put money into replacing US tech) or more fundamentally - e.g. if he uses dependence on US tech to exert political control over European nations.














  • Do you think they will completely stop doing business with someone that steals* their shit

    *as much as this can be called theft, something which took place in specific non-arbitrary circumstances, rather than the Dutch government just thinking “I quite fancy that”

    The UK undertook a similar action earlier this year when British Steel was threatened with going defunct by its Chinese owners. Business between the UK and China did not collapse as a result.

    By realistic: China is continually carrying out low-level hostile actions against other nations - cyberattacks, IP theft, currency manipulation, and also this kind of attempt at industrial subordination. It’s realpolitik, which means that if it gets detected and a credible negative response, their reaction won’t be to cut off all trade; it will be to stop doing deals which they only wanted to do as a way of carrying out this kind of manipulation. If it were to cut off all trade, what you’re saying is that Western countries should roll over and accept abusive practices by China so as to avoid being dependent on the abusive USA. It makes no sense.

    If you think that China is not actually doing anything that even deserves a response, then feel free to say so, of course.