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In a grown up world with grown ups ruling countries and acting rationally, we wouldn't have let shareholders sell our Rare Earth processing to the Communist Party of China for a quick buck.
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> the magnet dudes wanna wield the magnets against us

It really doesn't feel like that's the case, but media and US politicians seem to have convinced the average Joe that every other country is an adversary trying to start a fight or something.

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Your so called grown up world sounds like the delusion neo-liberal free market thinking that got the West here in the first place.
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Why would the magnet dudes accept that the US gets the high quality jobs and they get to be powerless forever?
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its a mistake to think that the US will have any kind of monopoly on 'high qualification' jobs when the social convection engine that labor powered is dead. We are becoming a nation of finance bros, vibe coders, and a growing and permeant underclass of just about everyone else. The rest of the world has caught up after the postwar era and if we want to compete, we need to cut out the cancer that is systemic massive wealth disparity.

A healthy society finds roles for all it's citizens, not just the ones with the right credentials.

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I see this a lot, people somehow under the belief that high-skill/high-paying jobs will remain here and the low-skill/low-paying jobs stay over there. And then are somehow shocked and surprised when other people also want those high $ jobs. It's just such a tenuous grip on reality.
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If you've spent your lifetime voting for all the policy that sent the industrial jobs overseas you have to tell yourself that to sleep at night.
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