• 4 Posts
  • 927 Comments
Joined 3 years ago
cake
Cake day: July 31st, 2023

help-circle






  • That’s kind of missing the forest for the trees

    They have more than two times the population of the EU and US combined, and the manufacturing capacity for basically the rest of the world.

    They have enough population so that whenever there’s a new tech/infrastructure to spin up, they’ll do it internally and then come out internationally with a finished & field-tested version of that product.

    They also have more PHDs, research and patents than anywhere else in the world, integrated in their industrial ecosystem. That’s like a silicon valley but for basically every field of manufature, research etc.

    And to address your first paragraph: Yes, if instead of value extraction for shareholders, which is literally capitalism, we reinvested all of that cash back into the economy as subsidies, we would also be thriving. That’s not a diss on China, that’s a failure on the US/EU.