The devil or angel is always in the details - and there are no details here yet!

Reports out indicate the U.S. Dept of Commerce is preparing to "invest" $2B in selected companies in the Quantum space. Funding is described as intended to accelerate U.S. leadership in quantum computing.

Atom Computing, Diraq, D-Wave Quantum, GlobalFoundries, IBM, Infleqtion, Rigetti Computing, Quantinuum, PsiQuantum are the identified companies.

FYI - Diraq is an Australian company, all of the others are U.S. based. There is no indication what source the U.S. Gov will secure the funding from... https://thequantuminsider.com/2026/05/21/reports-us-to-award-2-billion-to-quantum-companies-take-equity-stakes/ #Quantum #QuantumComputing #USGov #Investment #EquityStake #IndustrialPolicy #Funding

Trump’s Anti-EV Agenda Is Helping China Win the Global Auto Future

China builds the future while Trump protects the past. America is slowing down while China races ahead. Workers will pay the price of America’s clean-energy retreat.

#AutoIndustry #Batteries #China #cleanEnergy #ClimatePolicy #electricVehicles #EnergyTransition #EVs #gasPrices #industrialPolicy #Jobs #manufacturing #OilCrisis #PoliticsDoneRight #ProgressivePolitics #renewableEnergy #tariffs #Trump #USEconomy https://wp.me/p1OjMZ-oVx
Is the Thucydides trap a real threat to global stability? Paul Krugman contends President Trump traded tech competition for soybeans, abandoning industrial policy and weakening America's global standing. Discover why Krugman believes this strategy leaves the nation vulnerable. Read more: https://paulkrugman.substack.com/p/a-tale-of-thucydides #ThucydidesTrap #USChinaRelations #IndustrialPolicy
A Tale of Thucydides

China shouldn’t worry — Trump is too weak and unfocused to be a threat

Paul Krugman
The Canada Strong Fund isn’t a sovereign wealth fund — and that’s OK | The-14

Canada Strong Fund is often called a sovereign wealth fund but it’s actually a borrowing-funded development vehicle for domestic industrial investment in Canada

The-14 Pictures

The Efficiency Moat: Why China Is Beating the U.S. on AI and Everything Else

중국은 대규모 국가 주도의 투자와 산업 정책으로 AI를 포함한 첨단 기술과 제조업에서 미국을 앞서고 있다. 중국은 낮은 내수 소비율과 높은 투자율을 바탕으로 과잉 생산 능력을 확보하고, 기술 이전과 해킹 등을 통해 미국의 지식재산권 장벽을 우회하며 혁신을 가속화한다. 반면 미국은 독점 강화와 엄격한 IP 규제로 인해 기술 상용화와 제조 역량이 약화되고 있다. 이러한 구조적 차이는 글로벌 산업 경쟁력과 국가 안보에 중대한 영향을 미치고 있다.

https://www.thebignewsletter.com/p/the-efficiency-moat-why-china-is

#china #us #ai #industrialpolicy #technologytransfer

The Efficiency Moat: Why China Is Beating the U.S. on AI… And Everything Else

From electric vehicles to drones to solar to AI, the Chinese are doing what the U.S. used to - investing and competing. Chinese strategy is also predatory, but we could learn a thing or two from them.

BIG by Matt Stoller

Why Jet Engines Aren't "Made in China"

중국은 지난 50년간 군용 및 상업용 제트 엔진을 서방 수준으로 생산하려 했으나 실패했다. 제트 엔진은 낮은 마진과 장기 신뢰성이 요구되는 분야로, 제조 품질과 일관성이 매우 중요하며, 느린 반복 속도와 엄격한 국제 규제가 중국의 대규모 자본과 숙련 노동력, 빠른 확장 능력을 무력화시킨다. 터빈 블레이드 제조는 단결정 주조 기술과 희귀 금속 사용 등 극도로 복잡한 공정을 필요로 하며, 전 세계 수백 개 기업의 공급망이 얽혀 있어 중국의 산업 정책 한계를 드러낸다. 이 사례는 서방이 여전히 보유한 기술적 우위와 산업 생태계의 중요성을 보여준다.

https://aakash.substack.com/p/why-jet-engines-arent-made-in-china

#jetengine #manufacturing #china #industrialpolicy #aerospace

Why Jet Engines Aren’t “Made In China”

What China’s jet engine program tells us about the limits of industrial policy

The Tanzimat Diaries

Pluralistic: The three armies fighting for the post-American world (05 May 2026)

https://fed.brid.gy/r/https://pluralistic.net/2026/05/05/three-is-a-magic-number/

Pluralistic: The three armies fighting for the post-American world (05 May 2026) – Pluralistic: Daily links from Cory Doctorow

“The first to arrive is the first to succeed”*…

Is China “pulling up the ladder”? In his valuable newsletter, Ben Evans puts two recent news items on high-tech manufacturing into context…

… First, the FT argues that after the ‘China shock’ of cheap low-value manufacturing, there’s now a growing second China shock of high-value, high-tech manufacturing, where the same model of ferocious, Darwinian competition, backed by subsidies and cheap energy, produces a handful of very efficient and capable winners in each space, plus a lot of overcapacity, that then moves to exports. Second, Bloomberg says that Chinese export controls in those high-tech industries are crippling India’s attempt to build its own tech manufacturing base…

Gift article from the FT: “China shock 2.0: the flood of high-tech goods that will change the world

Gift article from Bloomberg: “China’s Control Over Tech Is Threatening India’s Manufacturing Dreams

* (先到先得) Chinese proverb

###

As we dissect the dynamics of dominance, we might recall that it was on this date in 1981 that the computer mouse became a practical, operating part of the personal computing world, when Xerox released its 1010 (Star) personal computer. The trackball, a related pointing device, had been invented in 1946 by Ralph Benjamin as part of a post-World War II-era fire-control radar plotting system called the Comprehensive Display System (CDS). Then, in the 1960s, Doug Engelbart and Bill English developed the first mouse prototype. They christened the device the mouse as early models had a cord attached to the rear part of the hand-held unit; the cord looked like a tail and made the device resemble a common mouse.  (According to Roger Bates, a hardware designer under English, another reason for choosing this name was because the cursor on the screen was also referred to as “CAT” at this time.) In 1968, Engelbart premiered the pointer at what has come to be known as “The Mother of All Demos.” There followed, through the 70’s, a pair of personal computers that used a mouse (the Xerox Alto and the Lilith); but while they served as proof-of-concept, they sold only in the hundreds of units over the next several years. It was the Star that effectively brought the mouse to market… soon to be followed by Steve Jobs’ Apple Lisa, which forshadowed the Mac and the user interface that we’ve all come to know.

Apropos the articles above, computer mice are still a $2 billion business. But while they were invented and originally largely manufactured in the U.S., they are (as of 2025) mostly manufactured in Asia (68%, the lion’s share– 54%– in China); only 8% are made in the U.S.

source

#benedictEvans #BillEnglish #China #computerMouse #computing #culture #DougEngelbart #history #India #industrialPolicy #manufacturing #mouse #Technology #XeroxStar
Accountancy is the distraction international climate institutions pursue. They err because reducing emissions would imply devaluing the fossil fuel assets of powerful actors. 🧵 #carbon #carbonPricing #fossilFuels #carbonCredits #offsets #industrialPolicy #climatePolicy #economy #policySky

Accountancy is the distraction international climate institutions pursue. They err because reducing emissions would imply devaluing the fossil fuel assets of powerful actors. 🧵

#assets #assetStranding #carbonPricing #fossilFuels #carbonCredits #offsets #industrialPolicy #climatePolicy #economy #windfallProfits #carbon