In halls of power, where decisions are made
A tale of semiconductors begins to cascade. The CHIPS Act, a promise, with signatures bold, yet within its pages, a story unfolds.
From Biden’s ink, a vision is drawn, to bolster the chips from dusk until dawn. But in its grandeur, a caution we see, Of fiscal burdens and regulatory spree.
Once, the U.S. led with silicon might, Now diminished to ten percent's plight. From thirty-six in ninety’s embrace, A decline marked in this technological race.
Pandemic’s shadow, supply lines frayed, Revealed the risks where dependencies laid. East Asian tides, with conflicts and strain, prompted a move to reclaim the chain.
Two hundred fifty billion, a staggering sum, for science, for tech, for progress to come. Yet echoes of old, from Soviet’s design, Whisper warnings of paths misaligned.
Subsidies flow, incentives laid bare, to bring production back, with utmost care. But critics arise, with caution they speak, Of federal dollars and outcomes bleak.
Austrian voices, with wisdom to share, Question the spending, the motives laid bare. For profit and loss, in private hands shine, while federal funds often miss the line.
Deficits climb, with billions in tow, Future burdens in shadows grow. The budget’s strain, a nation’s weight, Private enterprise, a more efficient fate.
Largesse defined, as gifts bestowed, The CHIPS Act’s path, a heavy load. To chop it down, some voices plea, for market forces to steer the spree.
Yet hope persists, in silicon’s gleam, Of innovation’s unyielding dream. May wisdom guide, and foresight reign, As chips and circuits course through our veins. RC