I'm not familiar with the phrase "red scare". As far as "all over again", communist totalitarian government's haven't changed their tactics. The same China that makes so many of our import items is controlled by a totalitarian communist government that kills those who advocate or protest in favor of democracy. The same China forcibly sterilizes couples if they have a second child. Can you imagine police coming to take you or your neighbor or your parents to a "clinic" where they sterilize you?
The media has been very effective in getting people to compartmentalize their thinking. That's not a good thing. The Chinese government crushed democracy protesters under tank treads in Tianniman square. Communism is a bad thing, and Obama and his Democrat party are moving the U.S. toward that same freedom crushing controlling form of government.
Although it's easy to be cynical about China being third, it's really a signficant, if not scary event. It shows that there is not any sacredness in US technology. The term waking up the sleeping giant has a new meaning. As long as US companies continue to ship jobs overseas to improve short term competitiveness, they will continue to give away intellectual property and suffer in the long term.
Third place? It seems patronizing to highlight a third place finish.
More importantly, communist China continues to build and place missles across the straits from Formosa/Taiwan. The communists also continue to turn a blind eye to North Korea's attack on and destruction of a South Korean ship a couple of weeks ago.
Technology in the hands of an evil government is not something I celebrate. Barak Hussein Obama and his Democrat party have beliefs that are indistinguishable from the communist Chinese, and their policies, methods, strategies and tactics are no different. Technology that has been used to such good ends in the past is being turned to evil ends.
While you guys were all gushy about this high-performance-ranking Chinese supercomputer effort, chock full of Intel and Nvidia chips, did anyone bother to check to see if US Commerce Department technology export licenses were in place to deliver these enabling technologies?