2021

China is America’s economic rival. The way capitalists deal with rivals is to compete. President Joe Biden vows to compete with this rival on the rival’s terms. He calls it “extreme competition.” China has built a massive semiconductor industry with massive government spending. It is about to send another $200 billion to its semiconductor sector through 2025. The U.S. Senate, in a fit of bipartisanship, just approved spending up to about $250 billion for science […]

Money and power have always been the mainstays of politics and politicians. There are very few Mr. Smiths who go to Washington. There are some who believe that their constituents deserve equal opportunity and equal justice, but even these good people have to bow to the overlords of campaign finance. One cannot be elected without a lot of money. The self-servers pass laws that benefit themselves, their businesses, and their friends. They take advantage of […]