Taiwan Is More Than Microchips and Tensions With China | Economics Explained

[@EconomicsExplained]

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[@urbanistgod]

When Poland? 🇵🇱

[@robbrand922]

You never mentioned that Taiwan (Nationalist Party) stole most of China's national asset in 1949.

[@planetarysolidarity]

I remember reading back in the 90s, that Taiwan was the only country in the world with more companies than people!

[@md.abdullaalwailykhanchowd3974]

What about Bangladesh?

[@zrl0523]

Where's your independent and objectivity? Wash down to the drain?

[@kimballlu8838]

Taiwan's medical care system is among the top of the world in terms of affordability/accessibility and medical quality.

[@bbyl1485]

Pls delete quality.

[@wenchunyen7925]

@@bbyl1485 why?

[@MlGHTY1]

way ahead of any Mid European ones, like Italy or France

[@biglucas9874]

@@bbyl1485 I guess you never been to Taiwan.

[@Lovis1215]

As a medical student in Taiwan, I can say that I feel really proud!While at the same time, I'm also concerned about the future long working hours and workload. I hope the government will enact laws to better protect healthcare professionals in Taiwan. I also wish that everyone in Taiwan can cherish and together safeguard the hard-earned achievements in our healthcare system today.

[@MaxNaoki]

at 0:39 the silhouette of china includes tajikistan and kyrgyzstan, same at 3:30, 5:03, and 11:21

[@danielbagyula4394]

This video is from the future.

[@crimesartbalaur]

I was hoping somebody would say XD

[@GnomaPhobic]

Man I thought I was just too stoned from my wake and bake. Thanks for that dude

[@PPAChao]

China will grow larger!

[@samiamgreeneggsandham7587]

Those places are awaiting unification with the motherland under One Country, Two Systems, just like Korea, Vietnam, Thailand, Cambodia, Laos, Japan, and Mongolia.

[@chrisw8011]

Their metro / public transit system, parks, and livability of of their cities generally is downright impressive. If they can accomplish such a high qualify of infrastructure and public good without natural resources and with half the per capita GDP there really is no excuse for the rest of us

[@loganolson3968]

Private property

[@SidMajors]

I get your point but the world isn’t as simple as ‘no excuse for the rest of us’.

[@scholargnome]

It's not as simple. Taiwan benefited greatly when the massive tracts of land held by wealthy landowners were divided and distributed to the Taiwanese. The land to the tiller program gave people a capital boost which enabled them to get loans and start businesses. This had the added benefit of reducing social inequality and social instability. They also have an economy geared towards industrial production and benefitted from foreign direct investment during the cold war.

[@fatboyRAY24]

1. “High quality” really means new. If you’re a country that just industrialize then chances are you’ll be using the newest technology available. 2. I’m guessing you’re American since most Americans complain online a lot for some reason (no offense), but they also need it more given the high density of the country. Taiwan isn’t Santa Monica, they aren’t in the goldilocks zone of population density where driving is more efficient than public transit. So they literally need it or their economy would tank.

[@Descriptor413]

@@scholargnome A huge aspect of the Taiwanese economy that this video sadly (but perhaps predictably) missed.

[@rogerpowerLin]

Taiwan is Taiwan, China is China, two different countries.

[@JoselitoAbrantes]

Taiwan is real china lol 😂

[@outdoor75]

You forgot to mention the government healthcare system in Taiwan is one of the best in the world. Along with education they are one of the key foundations to development of a strong economy.

[@sancho590]

That’s true.

[@tomcatkewell]

What will happen to Alaska if you take everything of the US then flee there? All manufacture ability, golds and all currency and bring there.

[@GoodDay4UnMe]

@@tomcatkewell no, that's rumor by chinese ppl

[@hugocheng6243]

But the quality of the hospital is terrible

[@TonyT-w6c]

​@@tomcatkewell noone took any manufacture infrastructure across the trait ; gold sure, but that's gold owned by the Republic of China, so a legitimate move. As for currency, if you are familiar with basic economics then you would now merely transporting all currency away from mainland, which they did not do, would nevertheless have no impact on the economy whatsoever

[@R2debo_]

SMIC is still years away from TSMC. Being able to make 7nm chips and mass producing them is two completely different challenges.

[@heidirabenau511]

Why are you everyhwere?

[@2drealms196]

While SMIC will likely eventually achieve mass production of 7nm, they will hit a brick wall with EUV. ASML has along with a little bit of help by US administration have locked Chinese Fabs (eg SMIC) out most of the thousands of suppliers that produce the hundreds of thousands of precision components in ASML's EUV machines. EDA is also critical to designing and manufacturing cutting edge chips. The top 3 EDA companies in the world are all based in US, and US has restricted access to these. SMIC had a YoY quarterly revenue (Q2 2022vs Q2 2023) decline of ~50%, and their Chairman has resigned. Additionally In 2021 4 of their board members resigned. The company is under alot of pressure and stress to say the least.

[@a9302c]

Not to mention that TSMC is already starting to mass produce 3nm, and close to achieving 2nm

[@RCXDerp]

@@a9302c 2nm will be mainstream by 2025 according to them

[@deebil8099]

Lol, they are 15 years behind. Now that the U.S. has cut China off from all the machinery they need to make chips, they will never be able to make them...

[@olgajoachimosmundsen4647]

One of the problems with Taiwan, Ukraine and South Korea is that they show what a better alternative is. This is a huge risk and threat to authoritarian leaders and the ideology that holds the countries/empires together.

[@peanut0brain]

Travel some b1tch

[@zoey5104]

In what way, Ukraine is a better alternative of Russia?

[@ceciliam1313]

@@zoey5104 in every way I can imagine. Especially in the future..

[@dinte215]

​@@ceciliam1313you're not a time traveller, how do you know the future. As of today Ukraine is more corrupt and poorer than Russia.

[@chillaxo9863]

​@dinte215 it is becoming less corrupt via anti corruption journalism and crackdowns and is only poorer due to being invaded by barbaric orcs

[@Pluto_is_a_planet273]

Question:why does china in all your maps include Tajikistan and Kyrgyzstan as if they are parts of china. I've seen this in some of your other videos as well

[@Peizxcv]

Cheap map pack. They don't animate everything, they buy stock footage, map packs and just drop in assets into the video

[@pushslice]

Sloppiness

[@dkaloger5720]

add it to the yearly mistakes list

[@myselfyuvi]

I think he uses cheap Chinese maps published by CCP. Most of the times he shows parts of Indian state of Jammu and Kashmir as Chinese territories. It's a really shame that he can't fix this even after running this channel for so long! 🤷

[@mememsjdhb]

Also in UN voting map Oman is also a part of china

[@johnyan836]

In the 50's and 60's, the US has granted aides worth billions and 15 billions of USD to Taiwan. (At that time, one ounce of gold was $35. It worths $857 billion dollars today.) As a Taiwanese, I thank the US for her generosity. That's one of the major reasons why Taiwan started to develop her economy.

[@gwygwylin3536]

是貸款

[@johnyan836]

@@gwygwylin3536 If it's the loan, please tell me when did Taiwan "pay back"?

[@johnyan836]

@@solidzeng-tx4xy US aids Taiwan. US is NOT Taiwan.

[@Cheweydewey]

Nah, the CCP is more generous who has donated trillions to the Africans rather then spending money on their own citizens.

[@legaozhu7667]

你应该感谢蒋介石从大陆运到台湾的426万两黄金😂😂😂

[@hugocheng6243]

台灣在世界上沒有辦法加入任何經濟組織，產品出口到很多國家都比其他國家關稅還高，台灣產品出口到東南亞平均關稅比日本韓國還要高5%甚至更高，所以台灣只能靠電子產品OEM/ODM取勝，以技術取勝，但是也是因為國際環境的困難使台灣有世界上最大的最完整的電子產業供應鏈

[@user-urwedfvftgfr228]

喜報,雲林國道遊覽車撞小客車,26人死傷,事後台灣政府堅決一毛錢不賠給家屬,太暖心啦你的抬把子

[@希特-k9m]

​@@user-urwedfvftgfr228現在中共網軍只會復制貼上了？😂😂

[@我好帥-m5g]

​@@user-urwedfvftgfr228是有什麼問題

[@bcda1-f6z]

@@user-urwedfvftgfr228 水喔 中國豪雨太棒了

[@luandy1100]

Taiwanese and financial analyst here, I think we have a very unique economic structure. Oue companies are very competitive for example, the market cap of Taiwanese listed company almost equal to Korea and Australia listed companies while our gdp are half to those economy And we have more competitive companies that are privately held. The results are: 1. more company profits and less salary comprise the gdp 2. We have very dense rich people 3. The rich pay most of the tax via corporate tax or income(dividends )tax 4. 50% people don’t need to pay income tax and our consumer tax is almost lowest in the world 5. We have many subsidies in medical, electricity, oil etc. 6. House price easily goes up due to the dense rich people 7. Middle classes living comfortably due to the low income and consumer tax, low commodity price and government subsidy for the basic need, however, they will live stressfully if they buy a house 8. The lawmakers neglect the house price issue because they own houses even be a real estate developers, and 80% people own a house so they also have incentive to keep the house price up Conclusion : we have house price issue and work life balance issue but purchasing power is good if don’t buy a house

[@gpsoftsk1]

Almost like everywhere else.

[@masterimbecile]

Eyyy my man! Where are you from? I’m from Taipei.

[@tarunarya1780]

Taiwan should just get nuclear weapons and different means to launch or activate them for self defence. also. The US, Russia, China, North Korea and UK etc have them for self-protection and existential threats. For the same reason Taiwan should have them. Taiwan should also secure tsmc profits come back to Taiwan wherever they are located as that is their main leverage with Western powers to actually support them.There is no point relying on the West to give timely support as demonstrated by Ukraine

[@victor_4567]

Relatively speaking, Taiwan is top in almost all aspects as compared to Japan and South Korea, literally the beacon of east Asia

[@pekodd2518]

@@tarunarya1780​​⁠​⁠Taiwan can’t have nuclear weapons because of US💀 The nuclear thing is part of 7:20 If given Taiwan few more months is a chance to make it become true

[@deangajraj]

Taiwan's story is a striking example of how economic agility and transformation, driven by both foresight and necessity, can elevate nations. Even though the country experiences political restraints, it serves as a reminder that each nation comprises multifaceted elements beyond its industries or diplomatic issues. The journey of Taiwan from an agrarian backwater to a prosperous beacon speaks volumes about human adaptability and resilience; therefore making a fascinating argument for comprehending countries without relying heavily on current global narratives.

[@kamchatmonk]

It also tells a story of how a far-right dictatorship that held the people under White Terror for over 30 years can become rich by being flooded with American money when yankees needed an outpost against the Chinese. And most of an island's economy hinges on _one_ company. Which is already being moved to US...

[@SirFaceFone]

Was this written by ChatGPT?

[@et2709]

Don't forget Taiwan economy has been benefited from China policy. It would be no more and go downhill.

[@doom-mantia]

@jacksmith6015 and?

[@Deivil007]

for real singapore and taiwan are absolute beasts props to them

[@jimflagg4009]

I love Taiwan. A country that was able to pull them selves up by them selves. You have to respect that.

[@semanadelherrero]

😂😂😂taiwan not a country 🤡

[@johnchua9648]

In economic perspective yes but in its people no!

[@msads3134919]

@@johnchua9648 Completely correct

[@johnchua9648]

Taiwanese are just racist as chinese no matter how much they smudge their faces a third class inside will be still third class even outside looks like first class!

[@Lizibutian]

Taiwan is only a rebel province in China, and the two cannot be compared. How can a province and a country be compared together?

[@斷捨離-n1h]

Taiwan has been a separate independent democratic sovereign country for 70 years. They don’t need to declare independence, they’re already independent. You can’t reunify something that was never unified 🌏

[@饕餮-k4z]

蒋介石，蒋经国说台湾是国家了吗？宪法上明确了吗？青天白日满地红旗帜换了吗？

[@Ackk567]

Nah still china. It is still part of china

[@Hhhh22222-w]

Well considering a rebel force in a civil war retreated and occupied Taiwan and their inhabitants... Taiwan was originally mostly Austronesian people like Indonesians or Malaysians before the Chinese came, similar to Japan before the Japanese came, now the original inhabitants are practically wiped out.

[@thechairman1336]

I mean when Taiwan was getting into its economy during the 1960s and became one of the asian economic tigers, Chairman Mao thought it would be best to launch the Cultural Revolution and the Great Leap Forward. So Im not too surprised that Taiwan is like this

[@alphar9539]

Are we forgetting the $140 billion of US economic aid? Not to mention free military equipment? Taiwan developed faster because of the USA.

[@Ateshtesh]

Exactly, USA can print money and give it to every country to buy it as it dog by a really few cost for himself. Unfortunately they wont be able yo do that once the dollar ends up it egemony.

[@yerri5567]

Dont forget that that when the ROC government retreated to Taiwan, they literally took all the assets that they were physically capable of taking from the *ENTIRE* country of China. From national treasures, to the whole nations military, navy, gold, entire national companies like airlines etc. Thats A LOT of assets...

[@alphar9539]

@@yerri5567 yeah it wasn't a sudden collapse of RoC on the mainland. It took a year at least and they moved all the Gold and Currency to Taiwan.

[@Janovial]

​@@alphar9539If the national treasures were to remain in the mainland, they would have been lost today destroyed by the dumb commies

[@ShuCarolina]

Taiwan is the world's Taiwan, not China's.

[@GoodDay4UnMe]

yes, you are right.

[@passerby4507]

BTW Foxconn, the company that manufactures your iPhone and employs 1.3 million employees, is also a Taiwanese company.

[@pushslice]

Foxconn, Pls come to the Philippines and let us build some of your clever doodads as well!

[@jacobriis7859]

They are known for their bike industry. And general PC hardware, not only TSMC

[@harisadu8998]

Who said that the RoC had free market and democratic ideals in the beginning? They didn't. It was just more a right wing military dictatorship kind of system. The switch to democracy was many decades later.

[@planesrift]

Funny enough, Taiwan's economy actually experienced faster growth during the period of dictatorship. 🤣

[@alphar9539]

​@@planesriftwhich coincidentally happened when Taiwan received billions of dollars of free economic and military aid from the USA.

[@doujinflip]

South Korea, the Philippines, Indonesia, and Chile likewise went through rapid development under dictatorships until it hit their limits, then democratized which gives them a second wind. Mainland China is desperately trying to catch one but through unproductive Party projects instead of allowing the people themselves to steer their country's policies and markets.

[@alphar9539]

@@doujinflip most Chinese business is driven by independent Chinese. Not by dictat

[@AZ-zk6fr]

Taiwan's democratization did not happen until 1996 I was lucky to be born after democratization

[@nananananananananana1926]

0:35 This just in, Kyrgyzstan and Tajikistan have resolved their border disputes by being swallowed whole by China.

[@wuminghan7604]

The most bizarre Chinese border I've ever seen.

[@titob.yotokojr.9337]

LOL

[@gpsoftsk1]

People from English-speaking countries typically have poor knowledge of geography so I am not surprised. But a youtuber with this big channel shouldn't make this kind of mistake.

[@aikotoba99]

We really shouldn't say that countries like Taiwan, Japan and Singapore had an economic miracle. They simply worked their tailbones off and had good leadership. That's all any country needs in order to grow and of course for other powerful countries to stay out of their business. Still, don't rule out China. We need to be realistic when it comes to geopolitics.

[@dailyrant4068]

They all share a similar cultural mindset when it comes to work. It's really the European and Americans that are far lazier... see how when TSMC comes to US they struggle to find quality engineers?

[@Hhhh22222-w]

To be fair, it was only in the last 300 years did the West become relevant.

[@khale7180]

Taiwanese are really nice people. On the other hand, the CCP has ruined China with its corrupt practices. I can immediately tell the difference between Taiwanese and Mainland Chinese.

[@lackadaisical8505]

Great video, watched it whole already on 50x speed.

[@EconomicsExplained]

🤣

[@KingLarbear]

How?

[@kamikazezebra]

Visited Taiwan recently and loved it. Very affordable and the standard of living seemed decent (also according to locals we spoke to). Not a local myself, so not sure how good it actually is to live there, but I really loved it as a tourist.

[@sebthelobster]

Speaking as a Taiwanese, plenty to complain about but a lot better than China that’s for sure 🤣

[@GoodDay4UnMe]

yes, Taiwan is better than china, chinese government try to control every person and every thing

[@bctvanw]

Besides bad traffic behaviour and ugly buildings everywhere, Taiwan is pretty nice.

[@JoshortizXLB]

We have one of the lowest poverty levels in the world! Life is definitely not perfect, but very few people are extremely poor. Plus everyone has access to health care

[@哈哈是我啦-b3b]

@@bctvanw yes correct !

[@Zt3v3]

They make great tools in Taiwan. Back in the 1980's they made cheap throw away stuff, but now they're on par with German or American tools. (I'm talking about hand tools or machine tools for automotive, construction, or metal work)

[@Darkest_matter]

Being "on par"with America is an INSULT.

[@glint6070]

@@Darkest_matter You ever work in construction? U.S's presence is felt in that field, to say otherwise is just being a flat out liar

[@Darkest_matter]

@@glint6070 I've only ever had 1 real job working in a warehouse

[@steamknife1]

Thank you! This is actually true.

[@菼]

​@@Darkest_matterAmerican tools are excellent in quality.

[@lichang-l3m]

I am a 68 yo Taiwanese born in the 50's, therefore, I've experienced the development of this country. I personally believe that the major factor that brought Taiwan success in the last 50 years is "EDUCATION". This education system not only compulsory in the fundamental part for young people, but also affordable for higher level, such as college and post college. Take myself and my wife for instance. none of our parents was higher junior-high, but she and I both are college level, and I even get an MBA from an US graduate school, to my children's generation, all of them, including my daughter-in-law all receive master degree. I know this doesn't occur in every Taiwan families, but it is true for many. Higher education in a society as a whole not only brings about more knowledge, broad vision, flexible attitude toward new things, and most importantly, much much more confidence to meet challenge, and thus Taiwan keeps on the pace.

[@skyfeelan]

I really like Taiwan, from their democracy, industrial capability, education, etc I hope my country of Indonesia can replicate it, starting with education

[@DrewYoungThomas]

I believe this is exactly why the Russian elite don't want to lose grip on Ukraine, having such a large cyrillic-language country grow faster than Russia along side the EU/NATO is terrifying for Russia's government. It becomes much harder to win the information war when your neighbors, whom the majority of your population can communicate with easily, are doing so much better. Also, with Ukraine having so much energy resources the EU wont need Russia during it's pivot to green energy.

[@tactilez9816]

What a crazy idea to turn away from russia to seek a better life, hopefully the ukranian economy has some catch up effect in the future

[@DrewYoungThomas]

@@tactilez9816I hope so, Ukraine was already becoming a very interesting economy before the war. Their software and energy industry was poised for significant growth, while other industries like Agraculture, Steel, Mining and Electrical Equipment were a rock solid foundation. With the right investment Ukraine could accelerate Russia's brain drain to no end while becoming an IT/Software powerhouse.

[@Suhov]

@@tactilez9816 If your main industries are aerospace, energy, steel and argiculture. You probably need to get your head checked.

[@jcliu]

Perhaps, but it was only a pipe dream that Ukraine would have ever, prior to the full-scale war, somehow become a better performing economic/cultural model for the East Slavic world in the way that Taiwan/Hong Kong served in the Chinese world. Unlike in Asia, the argument of democracy vs autocracy is a fuzzy one for the post-Soviet sphere: Kyiv was able to have peaceful transfers of power, but also squandered many of its economic advantages: Instead of following the rapid development of Poland, Ukraine ended up with a GDP per capita 1/4th the size of even Russia, largely because it’s oligarch class was even more parasitic than Moscow’s. (Russian gangster capitalists at least control oil and gas fields; their Ukrainian counterparts just siphon rents off oil/gas *transport*.) I.e., I think it’s less that Russia invaded Ukraine to prevent a well-performing economy on its borders, but that the failure of successive Ukrainian governments to develop economically made it ripe for intervention and invasion from the east. The war, in a sense, is the last second chance Kyiv will have. I must say, the obvious heroism and talent for symbolism of the Zelensky government doesn’t necessarily inspire much confidence for realism and efficiency in postwar redevelopment. For its next government, Ukraine doesn’t need a Winston Churchill; it needs a Clement Attlee.

[@sinoroman]

all of these would have been ok with Russia if the Ukraine coup in 2014 never happened

[@kianono3209]

Taiwanese are not so stressed compared with other countries, because their rental is cheap and living costs are cheap, also have one of the best universal health care systems. Their government does care about the poor and youth in their policies.

[@Alan-cc9wh]

As a Taiwanese, I would like to say that the current ruling party has done a lot of corruption, not all policies are really for the people

[@kianono3209]

According to the Corruption Perceptions Index (CPI) in 2023, Taiwan ranked 25th, next to the US. It seems still has room to improve. @@Alan-cc9wh

[@newclhe]

​​​@@Alan-cc9whAs a Taiwanese, I can't agree with you at all.

[@Alan-cc9wh]

@@newclhe 那你就是支持賴功德的可悲哥布林

[@huangjacqueline9581]

@@Alan-cc9wh As a Taiwanese, I don't agree with you at all. The current ruling party is the BEST EVER.

[@huasonia1]

Taiwan people are the nicest I have ever met. But as far as their living standards, the city feels old, the income is not particularly high. If you inherit houses and money that’s great but if you just make ordinary salary, life is going to be pretty stressful.

[@huangcc72]

For people just make ordinary salary, life is not so stressful comparing with other countries due to the low tax rate and excellent, affordable health system.

[@OhMoonClub]

我認為你們真的可以去台灣近年翻新的區域看看 老舊越來越不復存在

[@Azel247]

I left Taiwan when I was 9 years old. It's very interesting to learn about the history of my home now that I can actually understand a bit more.

[@Seanw-ij7yx]

its sad you think this is the actual history of taiwan.

[@Azel247]

@@Seanw-ij7yx Why is it sad?

[@Seanw-ij7yx]

@@Azel247 because you get fed propaganda and think thats reality. you dont even know the truth about the place you are born. this is very sad kid.

[@bctvanw]

It's KMT propaganda. Taiwan was part of Japan from 1895 to 1945... This simple history is ignored.

[@sernoddicusthegallant6986]

Because he disagrees but dosent have the actual courage to offer his own opinion because he knows it would get mocked so he just acts smug@@Azel247

[@ekmalsukarno2302]

Another thing that many people don't know about Taiwan is its thriving Mandopop industry. Various well-known Mandarin pop artists such as Teresa Teng, Jay Chou, F4, Fahrenheit, etc, all come from Taiwan.

[@zoey5104]

They're only popular in Asia though unlike anime or kpop

[@tenacious_takakumi2680]

​​@@Ralph_Beckmanever heard of anime and the industry behind it?

[@Darkest_matter]

One of my favourite songs are by farenheit. Farenheit - only have feelings for you.

[@Peizxcv]

Teresa Teng died nearly 30 years ago. I don't think there is any popular Taiwan pop singer now

[@skyfeelan]

@@Ralph_Beckman not sure about anime, but kpop certainly bring a lot of revenue to korea (including tourism)

[@taorente7438]

Taiwanese have their own democratically elected government, the 20th largest economy in the world, and a developed country among the top ten in global technology rankings. Taiwan's society is prosperous, the economy is advanced in science and technology, and the health insurance fully covers free medical care and retirement care. Taiwan is a country of social welfare. Most countries in the world recognize Taiwan's passports, and Taiwanese passports allow visa-free travel to as many as 148 countries. 98% of the people in Taiwan consider themselves Taiwanese and not Chinese. The remaining 2% of the elderly who have fantasies about China will pass away, and 100% of Taiwanese will think that they have nothing to do with China. Taiwan and China are different countries.

[@GoodDay4UnMe]

yes, Taiwan is Taiwan, china is evil china, different country.

[@shermanpeabody6102]

Taiwanese are ethnic Chinese. Many Taiwanese still have relatives in China. Many Taiwanese retirees have moved to China to live out their retirement. Passport not required for Taiwanese to travel to China. Many Taiwanese companies already moved productions into China, notably Giant Bicycle. Founder of TSMC was originally from Shanghai. 3,000 Taiwanese engineers have quit TSMC and work in China at higher salary.

[@ying729]

Agree. Don't call a Taiwanese as a Chinese, especially in the political context

[@reading_matilda]

@@shermanpeabody6102 When Taiwanese people travel to China, they do not need a passport. Instead, they need to apply for a document called "Mainland travel permit for Taiwan residents; MTP". The application process is similar to obtaining a passport. It is mandatory to carry the MTP when entering or exiting China, otherwise, passage will be denied. In addition, the political systems of Taiwan and China are completely different. Therefore, having the same language does not mean being the same country.

[@minaerpapa]

​@@reading_matildanot really don't "need" passport. The only reason is China don't accept Taiwan passport. They can't, if China claim Taiwan isn't a independent country.

[@joellakleinhesselink4325]

Mad respect for Taiwan, love from the USA 🇺🇸❤🇹🇼

[@xing.yan999]

🇹🇼❤🇺🇸

[@huiwandiaogong]

The United States invaded Texas. Texas is the greatest country and the United States is a robber.

[@warastxtd]

@@huiwandiaogong No

[@huiwandiaogong]

@@warastxtd 油管删了我的评论

[@didierduplantier8359]

China’s GDP number is highly in doubts. Their government has the tendency of cooking the book to make themselves look good. Even their ex-premier Li Keqiang had public stated that their GDP number is man made and gave us the 3 more realistic indicators to measure GDP, the Li Keqiang indexes, cargoes moved by rails, loans gave out by banks and energy consumptions. Based on those indexes economists are reestimating that China’s GDP is only 60% of the official number

[@memrman8331]

Ohh so that’s why China is able to have functioning infastructure while the US crumbles…yeah…Definitley. But go america or whatever, land of the homeless, shootings and divison

[@Muhammad_Ahmad_]

Even though China's GDP figures are doubtful, even the most modest of estimates put it no less than 14 trillion dollars

[@didierduplantier8359]

@@Muhammad_Ahmad_ You’re being foolishly generous. They have been cooking the book for more than 2 decades.

[@didierduplantier8359]

@jacksmith6015 You know who’s Li Keqiang is, troll?

[@didierduplantier8359]

@jacksmith6015 Is that the only English sentence you know, troll? Look up Li Keqiang indexes if you know how to use Google 🤦🏼‍♂️

[@KingZE-V88]

Atleast instead of going to war they just decided to improve their standard of living and economy with jobs provided to people and families being happy🇹🇼

[@OnlySubhumansWorkAtYouTube]

@jacksmith6015 And?

[@OnlySubhumansWorkAtYouTube]

@jacksmith6015 And? (Why do you remove your comment loser?)

[@Hhhh22222-w]

Well yeah they cant go to war with China...

[@hfl923]

It almost sounds like you are describing what Mainland China is doing these days 😂

[@KingZE-V88]

@@hfl923 😂😂you got me there

[@robb1324]

The "Industry" score really should be made on a per-capita basis, otherwise large countries will always win just for being large, and then we're just giving a population score, not an industry score - Taiwan deserved a 9/10 or 10/10 on Industry.

[@lenn939]

You’re saying that while at the same time he’s literally also rating countries on just nominal GDP which favors large countries in an even more obvious way. This whole scale is hot steaming garbage tbh, but I guess it’s not meant to be anything serious in the first place. One thing I also don’t like about it is how it doesn’t take inequality into account in any way.

[@dwightehowell8179]

@@lenn939 It shouldn't. No everybody gets a ribbon no matter how badly they perform.

[@lenn939]

@@dwightehowell8179 A ribbon? I think all else being equal it‘s better to have a society where prosperity is shared more equally among the population rather than unequally. Wouldn‘t you prefer to live in a society where everyone gets to have a decent standard of living rather than a society where just a select few get to live in obscene luxury while everyone else has to struggle to make ends meet? These societies might well have the exact same GDP per capita or whatever but the first definitely seems like a much better outcome to me.

[@dwightehowell8179]

@@lenn939 Ben Franklin said don't make people too comfortable in their poverty. .. I've known more than few people who would not work because they were. Get enough free loaders, which always happens, and the system breaks down.

[@SergirothGames]

Thanks for the video; the internet needs more awareness about Taiwan.

[@rncmv]

"the internet" does not need anything like that

[@Takasagolily]

As a Taiwanese, I am very grateful for the infrastructure laid by the Japanese government during the Japanese governance era and the US economic support to Taiwan after World War II. It is because of the great influence of these two advanced countries on Taiwan that we can develop our current economic and technological achievements. In fact, the vision of many technocrats in the Kuomintang dictatorship in the 1980s and the DPP government that led the country calmly after democratization also made great contributions.

[@weifengcao3779]

掏空中国黄金带到台湾不说了吗？

[@Airman-qb9ls]

@@weifengcao3779

[@Takasagolily]

@@weifengcao3779 You can't absorb all kinds of knowledge and information, and you can't think independently. What I say is in vain.

[@viewflyhsu6776]

只有中國韭菜才會相信中國黃金這樣的神話故事 因為有這樣的神話就可以名正言順的合理自己想要侵略台灣，掠奪台灣人財產的野心

[@ekitochin6059]

Unsurprisingly, this is how Taiwanese think, bowing and scraping to their developed country and scoffing at their backward compatriots

[@kanweiwu7339]

7 of the top 10 exporters in China are Taiwanese companies, the integration of the two regions has been completed since the opening up of Mainland China. In addition, Mainland China relies heavily on the electronic components, notably integrated circuits, produced by Taiwan for their electronics industry. Why invasion to hurt itself immeasurably?

[@jzizzles7799]

China ain't invading Taiwan. Just fake news by US media to scare Taiwan into submission.

[@Hhhh22222-w]

It's a nice fake out for China to trick the US into spending more for Taiwan, who will one way or the other eventually assimilate with China

[@AL73250]

To take the populace's focus off other (internal) problems.

[@RedSoxFanatic4Life]

Love that you began your Taiwan video by referring to the PRC as “the other China.” 😂😂😂

[@Emilechen]

basically the Taiwanese regime is a loser f Chinese civil war, rejected and despised by the majority of Mainland Chinese people,

[@peteryen7927]

Taiwan was the leading country for making moulds for many products and shipped world wide from 1970 to 1990.

[@yerri5567]

Another victim to propaganda...Taiwan aint a "country". Even "Taiwans" very own constitution it refers to Taiwan as a province of China.

[@Emilechen]

such is the contribution of KMT, but as long as Taiwan is ruled by pro-Japan independentist politicians since 1990s, in more and more high-tech fields, Taiwan is far behind mainland China,

[@GoodDay4UnMe]

@@Emilechen are you kidding? KMT is corruptive party and murderer

[@SalesManual]

@@Emilechen 中國高科技???笑死人了! It's JOKE in high-tech of evil china

[@OhMoonClub]

​@@Emilechen好了啦五毛別洗地了 你手機裡的那片東西不是台灣做的我頭給你

[@Latuza]

Taiwan's gpd per capita has surpassed korea's and should surpass japan's in 1-2 years. Taiwan's salary nominally may appear lower than korea's or japan's but it has very low tax rate, 0-10% for most workers. After tax take home income and spending power is higher than korea's now. I mean, just see how most taiwanese always eat out and restaurants are packed on weekends. Engineers in taiwan can make annually 60-70k usd, 80k at tsmc , and 150k at mediatek and other IC design companies. Very low public transportation cost and health insurance, healthcare cost help with the liveability in Taiwan.

[@parthian945]

TSMC pays 80K for low-senior engineers. Anyone over 10 years exp, or a few years and a graduate degree, make much much more.

[@sean9321]

Taiwanese tax rate is high, if you’re paid comparable salary as in the US, UK and Western Europe (say USD40 - 100k) you would have to hand over similar tax rate of 20 - 30%!

[@parthian945]

@@sean9321 at 80k USD tax and insurance (which includes dental btw) would be approx 10%. Also good thing things are cheaper here, overall 80k USD here is at least equivalent to 100k GBP in London.

[@sean9321]

@@parthian945 you probably never worked in other countries. Tax rate in Taiwan is comparable to the UK or Australia. Just that most Taiwanese never reach that level of over NTD1.2M to feel that pain. Like USD 40K is pretty low, almost like the wage of a cashier in supermarkets.

[@parthian945]

@@sean9321 Sure I only worked in Taiwan but you just said they will have to pay 20-30% in those countries. I make more than 1.2 million by quite a bit and I only pay 11%. You should take the generous deductions and exemptions into account.

[@nathanngumi8467]

Very educative, thanks!

[@jasonquigley2633]

You rate Ireland at number 2 on the list, and Taiwan in the teens. As an Irishman living in Taiwan, this is absurd: A) Taiwan has quadruple the population of Ireland, and the economy is similarly larger. Ireland's GDP figures are distorted upwards, while Taiwans GDP figures are distorted down. Victory Taiwan B) Taiwan has far more developed infrastructure then Ireland. Taiwan has multiple cities with over a million people, and multiple subway systems. Ireland has just 1 large city (which is small compared to Taipei), and no metro systems. Victory Taiwan. C) Ireland and Taiwan have similarly advanced industrial bases. Ireland's industrial base has more services/IT, but those services companies are more centralised and less robust then Taiwan. If just two or 3 tech companies left, Ireland would lose a significant proportion of gdp, and they can easily do so as they have little physical capital in Ireland. Ireland still has pharmaceutical, semiconductors and agribusiness however. Taiwans biggest companies cannot easily leave due to having huge physical assets in the country (TSMC cannot simply move the way facebook can). Draw or narrow victory to Taiwan. D) Taiwan has lower rates of poverty(and almost no homelessness) , and higher salaries relative to costs of living. Salaries in Ireland barely cover living costs, and homelessness is common and growing. Victory Taiwan. E) Both political systems are stable. Taiwan does have the problem of its big brother next door invading, while Ireland has to deal with Brexit and the growth of radical politics (Sinn Fein). Narrow victory to Ireland. I'm not sure if Taiwan should be raised on the leader board, but Ireland should not be as high as it is. It makes no sense.

[@Danji_Coppersmoke]

2 words. White. Christian. 🤔🤨

[@redgamer4452]

What has religion to do with one's methodology of ranking countries? And I'm sorry but that is kinda racist to conclude he is doing that based on his skin colour. Deplorable...

[@Muhammad_Ahmad_]

Don't take these rankings too seriously

[@rncmv]

"Taiwan has multiple cities with over a million people" because of larger population in general

[@zhaojie6153]

how about mainland china's 1.4 billion ppl

[@PLANTROON]

I wonder why Ireland is so high on those lists. The GDP stats of Ireland are inflated, it is a low wage country (unless you are super skilled, you'll struggle to get by). Heck, people are even running away from there, similar to what eastern EU experienced ever since running away was possible.

[@heidirabenau511]

Apple...

[@PLANTROON]

@@degenerate_mercenary9898 yea but afaik this channel creates those economy tier lists and I don't see Ireland's economy that successful. It's a bubble at best. I know this stuff because I wanted to go work and live in Ireland (as it is a primarily english speaking EU country, so moving would be easy) but I avoided making that mistake. Not that it wouldn't improve my eastern European life, but it wouldn't improve it much enough. English being the primary language + Ireland in the eurozone were the only reasons for considering it.

[@Nobody-st7xh]

EE just ranks things based on numbers on a spreadsheet. He really isn't that knowledgeable about economics as he makes himself out to be. Which is why I've stopped watching most of his videos.

[@Hhhh22222-w]

Cause the creator of the channel has Irish origins lol.

[@b6yg]

Although the United States and Europe are trying to boost their own domestic design and production of semiconductors, they do not have the abilities to mass produce the most advanced designs that the Taiwan Semiconductor Manufacturing Company, or TSMC, can make.

[@OzMat]

Perun and Economics Explained on the same day, bonza mate 🇦🇺 😅

[@ajc3267]

Taiwan 🇹🇼 is really an incredible place I love from Africa

[@GTFO_0]

Nice try Nigerian Prince

[@Muhammad_Ahmad_]

China is even greater

[@user-jn8ul4on5j]

Thank you. I love Africa too!

[@railsrust]

While TSMC and the semiconductors it produces isn't THE reason they've become so large, I would argue it is a huge reason foreign investment is so strong there nowadays. Having a technological advantage on the world stage in any way to prove you have a strong, modern and secure economy despite geopolitical issues. Them also having the largest market share of chips produced? Shoot...

[@badluck5647]

TSMC is a diplomatic and national security boom that makes foreign investors feel more secure in investing in Taiwan. As long as TSMC is an important component of the global economy, it will mean China is less likely to invade and other powers will be more likely to defend.

[@emptyshirt]

@@badluck5647 Putting Taiwan into this position was a geopolitical objective of the US. In an economic proxy war making Japan, Hong Kong, Korea, and Taiwan rich undermines communist China.

[@joneyu655]

😂😂Where there is TSMC, only USMC, Taiwanese people are very self-obsessed. 😂😂😂😂

[@bradleyadams4496]

My One China policy is to recognize the Republic of China. I'd only do business with Taiwan.

[@b6yg]

Market capitalization of TSMC (TSM) Market cap: $504.37 Billion As of July 2023 TSMC has a market cap of $504.37 Billion. This makes TSMC the world's 10th most valuable company

[@dm9078]

Mid-steps? You, sir, are a master of understatement.

[@gerardhei9222]

There are some issues with timeline: 1. High-speed growth (>10%) accompanied by quick industrialization began in the late-1950s after land reforms and redistribution 2. 10 major construction projects started in 1973 and finished in 1979

[@CutiePi]

Taiwan is great! Loved my trip there in 2019!

[@Gurci28]

The current population of Taiwan is 23,924,899 as of Sunday, July 23, 2023, based on Worldometer elaboration of the latest United Nations data The current population of China is 1,425,641,658 as of Sunday, July 23, 2023, based on Worldometer elaboration of the latest United Nations data

[@vicious3526]

Here's an experiment. We split a country in two. One capitalist and one communist and then we see which does better. This experiment was done with Korea and east/west Germany too

[@liasonlee1248]

Except that one is proped up by wealthy nation enriched from the war (US), and the other one is economically extorted and militarily harassed by that same nation that enriched from the war.

[@yerri5567]

@vicious3526 Whats "communist" about China again other than its name? Theyre arguably one of the most capitalist economies out there

[@johnsonh59]

Thanks!

[@thealphasam7350]

0:36 kinda messed up the border of the PRC there

[@leggo15]

i really wish this was 4 times the length... this was a brief over view

[@heidirabenau511]

8:22 "Well developed aerospace market" *Proceeds to show the A320, built by Boeing's (The largest US aircraft manufacturer) largest competitor*

[@appa609]

Built in Mobile, Alabama

[@johnmcgill3603]

I think he refers to the parts. You think the entire plane, each and every part is made by Boeing factory? American satellites has many parts also built in Taiwan.

[@ArawnOfAnnwn]

@@johnmcgill3603 None of that is a significant part of the Taiwanese economy, which is literally nearly a third just TSMC.

[@gre894]

@@appa609 Toulouse and Hamburg

[@gtbkts]

Thanks for the awesome content and great videos!

[@Cotswolds1913]

Giving Taiwan an industry score of 8 is a big mistake. It has the highest manufacturing % to GDP in the world, is easily the best electronics industry per capita, & has the lion’s share of arguably the most critical high-value added industry of them all. It’s an easy 10/10 EE.

[@cooliipie]

It doesn't even have taco bell

[@Glue_Stick98]

0:01 I love the Taiwan -> PRC lightning animation

[@danielkunigan102]

I love your videos, but I die a little everytime I see Tajikistan and Kyrgyzstan painted into your maps of China. But, yeah. Great video, thanks for making it!

[@armaansahgal6449]

"Free market democratic ideals" may apply aptly to modern Taiwan but it's definitely inaccurate to describe the Republic of China in those terms prior to the 1990s. Setting aside Chiang Kai-shek's abysmal dictatorship in the mainland, the White Terror in Taiwan and the decades of brutal dictatorship under the Kuomintang were far from democratic and quite frankly not very free market either. The current ruling pan-green coalition are definitely a more progressive and democratic force than either the KMT or the CCP, but the way you conflated an era of KMT dictatorship with contemporary Taiwanese democracy is disingenuous and dangerous since viewers who perhaps didn't study the Chinese Civil War in school might walk away with the impression that Taiwan's economy is the result of being under "democratic" rule for as long as the mainland was under Communist rule, which is far from reality. They were both dictatorships for the duration of the Cold War.

[@bkeen417]

Why do all the maps in this video show Kyrgyzstan and Tajikistan as part of the PRC?

[@Articulate99]

Always interesting, thank you.

[@lordInquisitor]

I strongly believe in the social contract, that the government should only be allowed to govern with the concent of the governed people. That is why I am strongly on 🇹🇼 Tiawan's side when it comes to them and their tyranical neighbor.

[@duckpotat9818]

The 'social' in social contract is important. Asian societies just don't function like western (esp Anglo) societies hence the social contract works differently. You should learn about The Mandate of Heaven to understand the east Asian social contract. Even the few democracies that exist in Asia don't function like in the west. Singapore just has a pretense of democracy. Japan has been ruled by the same party since they saw 2 man made suns. South Korea is the Republic of Samsung. India deserves its own book to explain. Taiwan is perhaps the closest to a western democracy.

[@lordInquisitor]

@@duckpotat9818 from what I understand of the mandate of heaven , is that if the ruler fks up enough they can be considered to have lost that mandate , duss making it important to over throw them. It's not the same since it's the devine giving the government the right to rule instead of the people. Is that summarized correctly?

[@samyeh7995]

@@lordInquisitor You are right about the Heavenly Mandate, but that is only half of it. The other half is that the Heaven sees and listens through the eyes and ears of the common folks. That is an equally important part of the mandate. At least that's the way it is for the Chinese Han culture.

[@lenn939]

@@duckpotat9818In Europe we also used to have something like that called “the divine right of kings”. These things aren’t set in stone.

[@EPK123]

@@lenn939 your eurocentrism is astonishing, asian socities are different, dont expect that they will take the same path

[@despahotaru]

You don't even mentioned Taiwan most effective weapon: Pineapple cakes.

[@Galaxia53]

I like how a country can say "you are a part of us" and the entire world doesn't dare to disagree even though that statement not being true is as clear as day

[@heythatsacoolsn]

Welcome to global politics. World powers are going to do what they want, and if you want to do business with them (you do) then you'll do what you have to do to make that happen. Same reason Israel and Ukraine were the only other countries in the world besides the US to vote to end the US' illegal blockade of Cuba.

[@Hhhh22222-w]

Well yeah that's nothing new since the invention of colonisation.

[@aroto]

great video, been waiting for this :)

[@TheBullMoosePredictor]

You should add purchasing power parity to your index

[@irisachternaam]

3:30 Free market, democratic ideals... This is either ignorant or historical revisionism. The Kuomintang, the party from which Taiwan was eventually born, was fascist, not democratic at all. It was the fascists vs the vanguardists. Taiwan was an autoritarian dictatorship until the 90's, when they successfully transitioned to a liberal multiparty democracy. This should be celebrated, as this transition is difficult and rather rare. Pretending the KMT was always like that is just wrong, counterfactual and ignores what they did right in the 90's.

[@prometheanknight7377]

4:54 apparently Kyrgyzstan and Tajikistan are part of China according to this channel.

[@Janovial]

They took an old map of China

[@jaydenozmyer8819]

I love your video mate !

[@oceanbreeze89]

5’03” PRC only has “One China Principle”; whereas the US and other Western Allies as “One China Policy”. These two principle/policy represents very different things according to different governments. Must read the fine prints. Thank you for making this video. It helps people understand the complex differences between PRC and Taiwan.

[@tomcatkewell]

well, the point is, there's NO truce deal between each government in civil war and claims to represent China...

[@SW-hw1mm]

Very good reporting 👏

[@tfin1567]

Eek! You called Taiwan a country (BIG THANKS, because it is), but say goodbye to monetization. KZbin's going to HATE that.

[@pushslice]

I still scratch my head regularly on why KZbin loves to protect the country that bans it from all its citizens..

[@tfin1567]

@@pushslice 100% in agreement. We (everyone outside of the CCP) feed the paper tiger our entire belief system and those around us with false hopes of enriching ourselves. After 40 plus years, you would think the rest of the world would have learned.

[@Devcabott]

The market has been underperforming over the last month, with all three indices losing ground in recent weeks. My portfolio is down about 20%; any suggestions for increasing my returns before retirement would be greatly appreciated.

[@Carole974]

Since the market is volatile at the moment, I recommend that you consult with a financial advisor who can offer you with entry and exit points on the stocks/ETFs you are interested in.

[@SmithMiller5]

One of the biggest mistakes investors can make when it comes to stock investments is giving up just as the indexes reach support and begin to rise after a bear market bottom. Since I've been netting over $120K during this collapse, it's become evident that there's more to the market than the ordinary person is aware of. This is the main reason I've been in touch with a coach for a time now. I don't have the background knowledge or the mental toughness to cope with these reoccurring market situations.

[@AlfredR92]

@@SmithMiller5 That's wonderful! I think the high-value benefits are supported by years of research and experience in understanding what makes things work. The person who advises you on your portfolio is who?

[@SmithMiller5]

@@AlfredR92 Andrew Glenn Adams is my portfolio coach; I discovered him on Bloomberg, where he was featured, and then looked up his name on the internet. Fortunately, I came on his website and contacted him; you may verify him for yourself.

[@AlfredR92]

@@SmithMiller5 I looked up Andrew Glenn Adams online and checked over his credentials. He appears to be quite knowledgeable, so I wrote him a letter outlining my financial objectives.

[@gytoser801]

0:37 Rest in peace Krygyzstan. Got Annexed by China

[@financialfrontlines]

4:33 why is Oman marked as subject of vote !?

[@iulioh]

" chips are only 1/3 of the exports" *only* And another 35% is "electronics".... That data renders the premise of this video a little...EH

[@passerby4507]

The 35% **is** the chips you dumdum.

[@Peizxcv]

There is really only 1 industry in Taiwan, directly translated to "electronics" which includes the contract fabs and essentially means everything computer related. Outside of "electronics", nothing else from Taiwan stands out and is generally behind China, Japan, and Korea

[@iulioh]

@@Peizxcv even the chemical industry I bet the exports are a byproduct of the chips industry

[@wysslll]

One problem….between 1895-1945, Taiwan is part of Japan , and the people lived on the island have never been part of PRC and RoC during the period.

[@badluck5647]

Japan, UK, Singapore, Taiwan, and sorta South Korea show there are economic advantages for being islands.

[@EPK123]

Switzerland: bruh

[@fullmetaltheorist]

Dont forget Australia and New Zealand. I'm keeping and eye out for Madagascar. They might get moving moving.

[@Hhhh22222-w]

Depends, Singapore isn't really an island and outside of thise few Asians and a few Western countries, all other island countries are sheethole

[@wojciechj2467]

Thx for yet another great video

[@pjacobsen1000]

0:44 It seems the map here mistakenly included Kyrgyzstan and Tajikistan as part of China's national territory. Probably a software glitch. Same with the map at 3:33.

[@BruderAdrian]

Great video mate

[@samuxan]

There is a big part of taiwanese exports that tends to be ignore. Their great TV industry that sadly is in the shadow of south korea or japan but it's usually of better quality and closer to western standards. I think that could be quite important in the future to get the sympathy of other countries if chips become less relevant and there's conflict

[@wpariah]

and the delicious pineapple cakes, and agricultural goods

[@GoldenBoyDims]

First I’m hearing of it ngl I don’t think it’s popular enough to be a factor in this there’s a small amount of people outside south east Asia that actually watch it

[@sinoroman]

which brands

[@bikkiikun]

Good movies, too.

[@tisFrancesfault]

My cinilli bike was made in Taiwan too.

[@EadricRicmund]

I feel like the numbers doesn’t include how important Taiwan’s economy is to the world. Let’s just talk semiconductors alone since that’s the only one I have numbers on. It is estimated that if China and Taiwan goes to war the chances of TSMC dissolving will be almost guaranteed. If TSMC dissolves world technology would be set back by 20 years (think the semiconductor shortage during COVID but instead of lasting for a bit over a year, it is here for 20 years) and there will be an immediate 4 trillion dollar impact to the world economy. This isn’t even factoring in the amount of economic losses that will happen world wide while the world is trying to rebuild their semiconductor logistics. This is significantly worst than South Korean or Japan losing their semiconductor industries since Taiwan have 90% of the market share in high tech semiconductors and below a certain semiconductor size TSMC is the only company in the world that can produce it.

[@yerri5567]

@EadricRicmund 20 years? Dont be so naive. TSMC is a only a few years ahead of #2 and #3. If TSMC dissolves, all TSMCs clients will just go to #2 and #3 to get their semiconductors. And because of that increase in demand into these #2 and #3 companies, theyll be able to reach economies of scale in no time. And because of the newfound profit they have, more $$$ goes to R&D to further close the gap.

[@EadricRicmund]

@@yerri5567 the 20 years number is given by the think tank that did the Taiwan China war games and the US government… so believe what you want, I actually have somewhat reliable sources than just people thinking it’s impossible.

[@yerri5567]

@@EadricRicmund Well the think tank for the "war games" arent economist nor engineers. The fact of the matter is that #2 and #3 are just a couple years behind TSMC. If TSMC dissolves, its almost certain that their clients would go straight to #2 and #3. Nothing will change other than a couple years set back for high end tech. Not 20 years...

[@EadricRicmund]

@@yerri5567 the difference between number 1 and the rest combined is a whole 9x. TSMC is number 1 isn’t just because of cheaper labor, but because they can mass produce cutting edge semiconductor consistently. If #2 and #3 can do it they would have done so already. Since they can’t, you are assuming they can in a short time 9x their output when they can barely make the same semiconductor consistently right now? Who knows maybe the 20 years is an exaggeration, but it still wouldn’t be easy. Also have you looked at the background of the people in the think tank? Cause I just checked and there are economists and engineers in there.

[@yerri5567]

​@@EadricRicmund "the difference between number 1 and the rest combined is a whole 9x" Irrelevant. Why? Because that doesnt change the fact that #2 and #3 are just a couple years behind. If TCMC was to collapse, all their "9x" clients will go to #2 and #3. That doesnt change anything. Its still going to be just a couple years behind. Not 20 years... "TSMC is number 1 isn’t just because of cheaper labor, but because they can mass produce cutting edge semiconductor consistently. If #2 and #3 can do it they would have done so already" I dont think you understand. This is WITH THE ASSUMPTION, that TSMC dissolves. Once TSMC dissolves, all its clients will go to #2 and #3. With that increase in demand for #2 and #3, theyll be able to reach economies of scale for mass production. The reason why theyre not able to now is because they dont have the number of clients, but once they absorb TSMCs clients, theyll be able to produce equally as well. "Since they can’t, you are assuming they can in a short time 9x their output when they can barely make the same semiconductor consistently right now?" 4.5x each if split equally between #2 & #3. And yes, with the adjustments in supply chain, thats indeed very possible. All thats needed is clients. In the short term, prices for consumers will rise and they may be some delays due to the disruption in supply chains. But the key technology know-how is still there, and as said earlier, theyre only a couple years behind. So its not going to set the world back 20 years... "Also have you looked at the background of the people in the think tank? Cause I just checked and there are economists and engineers in there" And who are they funded by? Anything but funding from independent sources will be criticised for having agendas. All research or think tanks should be independent in nature and not affiliated by any power or government if you want unbias reporting.

[@joededimanadedi]

I'm surprised to see that Saudi Arabia isn't on the list of top refined oil exporters but Luxembourg is?? Anyone can share a source link to this info at 09:55?

[@zaidkidwai7831]

TSMC might be the most important company on Earth

[@Phenomenoia]

Why does your map of China include a random chunk of Central Asia? Please check your maps for accuracy plz I love these videos but it’s not a good look if you can’t get maps right

[@yerri5567]

He says a lot of propaganda too. Clearly this guys got an agenda

[@omarmyia]

Please do an episode on Romania's economy, a surprisingly complex economy in Eastern Europe

[@chaosfenix]

Someone in China is freaking out right now because of how many times you called Taiwan a country.

[@chuningfeng5786]

not really, most mainland Chinese agree Taiwan is a country now as resulted by US support but will be united.

[@panda_sung]

@@chuningfeng5786 "But will be united" has been simply a joke for PRC for more than 70 years.

[@chaosfenix]

@@chuningfeng5786 Found them.

[@selimkarademir2950]

I started to think people and media intentionally attach Kyrgyzstan and Tajikistan to China on maps for last 5 years

[@dry_n_humorous]

It was so informative, I want other big countries to notice Taiwan as a own country in terms of diplomatic relations!

[@lisaliu7788]

In terms of creating virus,lol

[@lisaliu7788]

And definitely further attacks,lol

[@dry_n_humorous]

@@lisaliu7788 ah, what do you mean? can please explain what you said?

[@lisaliu7788]

@@dry_n_humorous Taiwanese made virus poisoned wuhan because then they can blame it on china.wuhan has the only p4 lab but taiwan has two. Sea food market,lol

[@lisaliu7788]

@@dry_n_humorous their mayer has autism like Greta thunberg, COVID-19, climate terrorism Nazism actions.you know

[@koenigsgambit9040]

I like that you gave Corsica back to Italy 8:25 ;D

[@janexie39]

Taiwan amasses huge money from mainland China in previous 2 to 3 decades by running manufacturing facilities . No mystery.

[@theblondemasterpiece3079]

cool vid! thanks for the content

[@kuri7154]

4:30 Does anyone know why's Oman (I guess?) also marked Subject of Vote in that map

[@howtoappearincompletely9739]

EE took that map from the Wikipedia article on "United Nations General Assembly Resolution 2758", which includes the Wikimedia Commons image "File:Voting res 2758.svg". The error arose because EE changed the annotation for yellow in the key from "Non-voting" to "Subject of Vote". China, the Maldives, and Oman were absent from the vote for UN General Assembly Resolution 2758; their absences were recorded separately from other members' abstentions. To make it clear, no, Oman was not a subject of the vote on Resolution 2758. EE videos are frequently riddled with errors: Besides the one above, the map of China at various times includes the territories of Kyrgyzstan and Tajikistan, whereas the map of Italy at 8:35 includes Corsica, which is part of France. Attention to detail is not one of EE's strengths.

[@Peizxcv]

@@howtoappearincompletely9739 Probably cheap contract editor from the Philippines that gets paid a few hundred $$$ per episode