The Mystery of Ephraim

The Unz Review by Mike Whitney ~ October 17, 2022

Another view US chip ban most punitive move yet against China by AsiaTimes ~ October 25, 2022

The Biden administration intensified its war on China last week when it detonated a thermonuclear bomb at the heart of Beijing’s booming technology industry. In an effort to block China’s access to crucial semiconductor technology, Team Biden announced onerous new export rules aimed at a “comprehensive supply cut-off” of essential semiconductor technology which– according to one analyst– led to an “immediate operations paralysis.”

They claimed the new sanctions regime will likely inflict significant damage on China’s thriving technology industry while causing considerable harm to US partners who were not consulted on the matter.

Does anyone in Washington think about these things before they set the wheels in motion? The Biden administration is so obsessed with containing China, it is willing to send US standards-of-living off a cliff while bringing the world even closer to nuclear annihilation.

Here’s an analysis by David Goldman’s “China chip ban a US exercise in extreme self-harm” from an article at the Asia Times:

The US measures won’t affect China’s sensors, satellite surveillance, military guidance and other strategic systems because the vast majority of military applications use older chips that China can produce at home…..The new US restrictions won’t stop China’s 2,000 surface-to-ship and surface-to-surface missiles from targeting US aircraft carriers in the Western Pacific, or US air bases in Guam and Okinawa, and they won’t prevent China’s more than 1,000 interceptors from aiming long-range air-to-air missiles at US planes…

It will also elicit an all-out Chinese effort to replace American chip-making and design technology. CapEx and R&D will shrink drastically in the US semiconductor industry while China allocates a massive budget to the sector.

On a five- or ten-year horizon, America’s technological edge in semiconductor design and fabrication is likely to vanish. As capital budgets collapse in the Western semiconductor industry, the damage to the US and other Western economies is likely to be greater than the harm inflicted on China...an all-out US ban on chip sales to China would eliminate 37% of the revenue of US semiconductor companies, lead to … the loss of 15,000 to 40,000 highly skilled direct jobs in the US semiconductor industry.”..

At worst, the damage to China’s economy is likely to be temporary… But the impact of the incipient depression in the Western semiconductor industry may well do permanent harm. (“China chip ban a US exercise in extreme self-harm”, Asia Times)

The problem, of course, is that the China hawks now control the levers of power in Washington which means that the attacks on China will intensify, decoupling will accelerate, and a massively-destabilizing international crisis will soon follow.

And the Lord shall scatter thee among all people, from the one end of the earth even unto the other; and there thou shalt serve other gods, which neither thou nor thy fathers have known, even wood and stone.

And among these nations shalt thou find no ease, neither shall the sole of thy foot have rest; but the Lord shall give thee there a trembling heart and failing of eyes and sorrow of mind.

And thy life shall hang in doubt before thee; and thou shalt fear day and night, and shalt have no assurance of thy life. Deuteronomy 28:64-66

~ by Joel Huan on October 24, 2022.

Posted in Armageddon, China, Ephraim, Tech Race, US