The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: Snowshoe	12/27/2018 3:17:06 AM
	2 Recommendations Recommended By elmatador richardred Read Replies (3) of 13796

Nations may soon have to choose between Western and Chinese tech... How the arrest of Huawei’s Meng Wanzhou may mark the start of the great China-US technology decoupling scmp.com Huawei’s recent trials and tribulations in the West and the retaliatory actions of China against Canada have shocked many people. It is natural to assume that the detentions and restrictions on Huawei’s use in core infrastructure are due to the rupture in US-China trade relations. However, these actions can best be understood through the prism of two clashing meta-trends: hi-tech’s strategic importance across the realms of defence, commerce and social organisation under the leadership of the United States, and China’s emergence as a rising military power under the auspices of the Communist Party. Technology and telecommunications have important characteristics which render them highly strategic, as compared to traditional industries such as steel, manufacturing or petrochemicals. While these basic industries have historically been fundamental to a nation’s economic development and military might, their strategic importance has diminished as their supply chains have become easily replaceable. A steel company can select from a range of coal and iron suppliers producing more or less the same commodity globally. The same can be said for an automobile company that needs to source steel. Cutting-edge technology products, on the other hand, rely on a highly specialised group of suppliers which design customised products and services. In addition to having vulnerable supply chains, technology and telecommunications systems bear a higher cost from any sort of disruption as they are typically linked in a network, such that a problem occurring in one part of the chain jeopardises the entire network.

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