Two, it hurts American companies like Intel, like Nvidia. Nvidia has said that now their former client, Huawei, is now one of their biggest competitors. So this was another mistake from the Mearsheimer school of thought of trying to contain China.
And then third, more importantly, when you look at the bigger picture, I think a lot of countries in the Global South - I like to call them the Global Majority - they feel that the United States is bullying China and they're worried that they, too, could be bullied. The United States went from being the liberators in the world, the good guys - they liberated the world from the Nazis, they liberated the world from a form of communism during the Soviet era that was not very productive economically - now they're really almost like triads or mafia, forcing other countries to follow whatever the United States wants. And I think the Global Majority is angry at what the United States is doing. I'll give an example: Malaysia has invested billions and billions of dollars because they want to be a base or locus for data centers. But in his last week as president, Biden slapped export bans on high-end semiconductor chips to Malaysia. And so Malaysia's plans over the last five years are gone...
So I think you're starting to see a deterioration of America's prestige, power and dominance in the world because people view them as bullying China and bullying other countries like Malaysia. And that's why I start to see countries starting to move closer to China's orbit.
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