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Re: jeunke22 post# 130025

Tuesday, 01/10/2023 2:44:07 PM

Tuesday, January 10, 2023 2:44:07 PM

Post# of 204939
Sometimes it takes our government a while, sometimes years, to wake up to competetive challenges from other countries. This is because the U.S. as a country has had no equal in many areas and is slow to recognize advancements in comparison to other countries due to its complacency. The American role since Bretton Woods following WWII has been one of guaranteeing open markets for all and encouraging technological advancements in other countries to rebuild economies following the devastation the world experienced from the fighting in WWII. We came out of WWII as the supreme industrial and technological leader. Globalization along with free trade has allowed other countries to catch up and at times surpass us in areas. China is in the process of doing that but when The U.S. wakes up to a challenge that can threaten our security things get done and fairly quickly. Look back on how the space race started when Russia raced ahead of us and how it ended with Russia mostly left behind.
We are in a competetive race with China in the area of advanced technologies. Legislation has been passed to encourage industrial advancement and we are really interested in The Chip Act. Funds will be allocated to semiconductor related technologies to help advance the faster and best chips. LWLG could apply and possibly get some funding to speed development. The United States is facing a serious competetive challenge with China. How it addresses vaulting ahead of China is the new "Sputnik moment" for America.
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