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Your guide to what the American elections mean 2024 for Washington and the world

The writer is an investor in Silicon Valley for a long time

There is one noticeable thing that lacks Donald Trump’s declaration of economic and diplomatic war on the world – a strategy to win. For many in the Silicon Valley, where science and reason is relied upon, the chaos that followed the unleash of the president for “mutual” definitions appears to be a self -harm.

Fifteen years ago, the late Andy Group, the CEO who led Intel to glory, began the sound of alert about the lack of a round American economic policy. Group, born in a Jewish family in Budapest and the survivors of depriving two tyrants (Hitler and Stalin), knew well the risk of central planning.

It was not mysterious about calling for an approach to the national economic policy that included the customs tariff. But he came with Professoro: If the United States would go to customs tariffs, he wanted to make sure his adopted country won. Instead, the current management play will not make China stronger.

It seems likely that Group would have advised the Republicans to isolate one country and the assembly allies. He had insisted on the road map of what should be in America by 2035 and the techniques that the country should seek to control. Trump and his supporters were asking to face a set of issues that deepen the planning of global supply chains, including youth education, patient care and want the elderly at home.

From Group’s point of view, the government plays a vital role in developing a strong national infrastructure, financing basic research and making the United States a beacon for migrants. I also believe it is very important for the country to maintain a prosperous manufacturing base.

Since the 1970s, China and Countries in Southeast Asia have mastered a tremendous triple axis consisting of raw materials leadership, mastery of manufacturing ingredients and packing, and now-through motivation and creativity and good education cadres of scientists and engineers-a group of products that put the West to shame.

Just look at the Foxconn, TSMC manufacturing identifier, and product collection for companies such as Huawei, BYD, and Xiaomi-which is only 15 years old. They are enough to make the Americans cry. And that is before calculating the size of its operating bases or considering that about 450,000 cars were built in China in 1987, compared to 31 million in 2024.

The only remaining scale in America is the so -called “excessive scale” – large technology companies. But it grows by filing servers in data centers, not by appointing millions of employees. In 2010, GROVE had an idea to modify this motivation. He wanted to create a “limiting bank for the United States” (not to be confused with the sovereign wealth fund), which will use all revenues derived from the customs tariff to support companies that expand their factories and bases operating in America.

Group, a wonderful scientist, will be concerned about the rate that Chinese universities produce physics and chemists, biologists and mathematicians compared to their counterparts in the United States. This gap will be proven even more fatal if the brightest small things are prohibited from studying and stability in the United States. The matter is simple: scientific knowledge leads to progress and competition among young scientists in China leaving the West in dust. Stay tuned for the end of the American biotechnology industry by hundreds of Chinese startups that work with young graduates.

When the Republicans celebrated the dismantling of the US Department of Education, it was surprising that they failed to demand strict literacy targets from individual states. As in dismay is the way they used anti -Semitism as a smoke to employ burned earth tactics against universities and research institutes, while reducing the contribution of migrants. If the search is targeted, it is likely to be the following books.

Republicans chose to ignore the effect of high health care and pensions on the American competitiveness. Consider: Since the first years of GROVE at Intel, the manufacturing share of GDP has decreased from about 21 to 25 percent to about 10 percent. Meanwhile, health care represents about 17 percent of the US economy, compared to 5 percent of GDP in 1960.

Decreased education standards, high health care costs, spending on retirees, and interest payments on national debt-thinking about it as a local tariff imposed by self (weak). Since the so -called liberation day, a word was said about them. This omission is more frustrated than improvised brutality and uncertainty over the past two weeks. Group was terrible.