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Xi Jinping and the Cultural Revolution
The chips act was unnecessary because the people who make semiconductors understood their vulnerability and we're going to put that capacity in anyway. I think it's, this is Xi Jinping's given us full mausé done right now. We tend to undersell or underappreciate the degree to which ideology is driving and constraining the CCP. So I wouldn't guarantee that simply a declaration of intent to take over the hardest things in the world to do that are so difficult that not even the US can do them on their own is a guarantee of success"