Clare Daly on “the European Chips Act” The bravado about the vibrant European industry, the Chips Act actually is just another example of Europe’s scrambling to respond to unilateral US moves to protect its interests – something the US always does with zero care for the consequences of anybody else. And the irony, of course, is that of all of those US-dominated multilateral institutions – the WTO, the World Bank and so on – is that even dominance is not enough for them. They want everybody else to submit their rules while they do whatever they like, thanks very much. It’s their world and we’re just lucky to live in it. That’s the rules-based international order. They break the rules, and what are we going to do about it?
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