The recent retaliation by Iran against Israel's
unprovoked attack on the Iranian Embassy in Syria did a very important
eye-opening realization for countries in the Middle East. That it led to
the killing of the myth about Israel's age old 'Iron Dome'
invincibility is not lost on Iran and Hezbollah, least of all Hamas.
In
the past, no one thought that using overwhelming number of drones and
missiles will be able to cripple the Iron Dome's defense capabilities.
Iran probably learnt the tactic much earlier, a year a two earlier, when
Lebanese and Hezbollah were firing cheap rockets into Israel to elicit
Israel to fire their very expensive defense missiles in response. How
many of such defense missiles does Israel have actually? And how costly
and affordable will such an attack be for Israel, if it happens
periodically?
The fact that David Cameron was hyping up the
issue of Iran firing too many drones and missiles against Israel, was
indeed telling. It may be an over-reaction by Iran, a moot point, as
that was just what Israel had done in Gaza in response to the October
7th Hamas attack. Did the UK or the West say anything about Israel's
over-reaction in Gaza?
David Cameron had probably realized that
Iran had punctured Israel's 'Iron Dome' myth for good with its more than
300 drones and missiles to prove an important point.
Anonymous
This is why overcapacity is good for China and it would be foolish to fall into the trap set by Yellen and Blinken.
ReplyDeleteCurbing overcapacity must never be allowed to happen. It is one big trump card that China now holds. Using its overcapacity to kill of those who try to upset the apple cart is a big advantage that China holds. Forget about the claim that China's overcapacity is causing problems for others. On the contrary, it is in the world's interest to have overcapacity by China so that they can enjoy the 'economy of scale' and have cheaper Chinese products that they otherwise will have to pay an arm and a leg to afford if it comes from the USA or the West.
The USA and the West are just using a flawed excuse to fool the world into curbing China's overcapacity, so that they can then compete with more expensive products, which would otherwise not be competitive in the face of China's overcapacity. More is better than a shortage in any situation and having is better than not having such an advantage.
We have seen how the USA is trying to curtail China in chips, which China had not paid much attention to in terms of being self-reliant. Chinese has now seen the full picture and will not be caught in such a situation anymore. After decades of letting the USA and the West enjoy the unfettered benefits of selling chips to China, China's hand had been bitten by snakes turning around to spit poison as well.
No way should China follow the dictates of the USA or the West about cutting capacity. China should not let its advantage be destroyed and should instead build upon it, in every sector, including aviation.