As you point out, technical innovation in the West is skewed towards making a profit, leading to suboptimal designs. Technical innovation in China can focus on the best ways to solve technical problems; DeepSeek is an example of the result.
WHO projects that, by the end of the century, the population of China will be 500,000,000. This is not a scenario for economic growth, and is probably why China is seeking markets in the fastest growing economies.
The US industrialized at a time that the rest of the industrial world was deindustrializing (WWII). Obviously times have changed since then, but US industrial policy hasn't kept up. Declining populations of workers are just beginning to make an impact. One thing you can say about Trump is that he is stupid enough to pull back the curtain.
It appears that we are soon to have an alternative reserve currency in the world, and people in the US are about to learn how much their wealth depended on the dollar as the reserve currency.
China is pushed to the corner by Western countries, the only way to go is up.
China is converting extreme foreign pressure into progress.
Spot on! The best thing the West did was push China into a corner, it just forced China to innovate faster and improve
As you point out, technical innovation in the West is skewed towards making a profit, leading to suboptimal designs. Technical innovation in China can focus on the best ways to solve technical problems; DeepSeek is an example of the result.
WHO projects that, by the end of the century, the population of China will be 500,000,000. This is not a scenario for economic growth, and is probably why China is seeking markets in the fastest growing economies.
The US industrialized at a time that the rest of the industrial world was deindustrializing (WWII). Obviously times have changed since then, but US industrial policy hasn't kept up. Declining populations of workers are just beginning to make an impact. One thing you can say about Trump is that he is stupid enough to pull back the curtain.
It appears that we are soon to have an alternative reserve currency in the world, and people in the US are about to learn how much their wealth depended on the dollar as the reserve currency.