China's industrial subsidies are crushing European manufacturing bases
βThe German industrial base is going to get crushed. Like this is China's play. They run the play over and over again. They subsidize, they dump cheap products into the global market. In this case Europe also Africa, distort the price and it makes it impossible to compete.β
Global alliances are essential to compete against China
βI think we're in a bad place. I don't think we can effectively compete with China economically technologically without allies. Right, They're just too big. They're too big, they're too determined, and so we need allies, including Europe, by the way, including Southeast Asia, including the Global South.β
Mass AI unemployment poses a systemic risk to democracy
βThat doesn't work in America in a democratic society, putting tens of millions of Americans out of work precipitously will create the end of democracy will not win the AI race, And so we just got to get to work and be innovative.β
Domestic semiconductor packaging remains a critical supply chain vulnerability
βEven though we're making them in Arizona, they go back to Taiwan for packaging. Problem. You gotta get that in America. I think it's thirty percent of printed circuit boards we import from China. Almost all of the chemicals, substrates, input that go into making chips. I'm from China or Asia.β
American post-high school education systems require fundamental reform
βMy view for a long time has been post high school education in America mostly doesn't work. It mostly doesn't work. We can argue with me about it. That's my long hal view. I was a governor who oversaw colleges. A lot of people who start college don't finish.β
AI tools will likely trigger a small business explosion
βI think you could see an explosion of new small company and I'm hearing that from a lot of people. It's much easier to start your own business because of AI tools. Yeah, so like now, lots and lots of people make the living with a restaurant or a coffee shop or whatever. I think it's possible. We see a real explosion of online like new services, new online products, because people can start a business with AI.β
Bipartisanship is the only way industrial policy survives transitions
βMy biggest lesson from the chips program is when you do something like that, make sure it's bipartisan. It has mostly survived. Actually, now TSMC is making leading edge chips in Arizona the same way they are in Taipei, Taiwan, and they're going to expand, and this administration is like helping, not hurting that.β
US self-sufficiency in all manufacturing is an impossible goal
βPresident Biden called me Gov. He's like, Gov, why can't we make everything in America? Likes the President cannot. We don't have enough people. That's inflationary. We don't have enough. It's not a good goal. We don't have enough land, we don't have energy. We should make the most critical things and work with our allies.β