“We are amazed, but not amused” — Stevie Wonder
It seems we are staring at the prospects of losing our economic superiority in the world and has hit a panic button. Maintaining military superiority also depends on maintaining economic superiority. Unfortunately, our both political parties lack the leaders who can clearly envision the future and are on self-destructive course. It is interesting article to read how our main competitor, China, is preparing for the future. (f.Sheikh)
“ China’s peak is truly spectacular — a marvel of state capacity and resource mobilization never seen before on this planet. In just a few years, China built more high-speed rail than all other countries in the world combined. Its auto manufacturers are leapfrogging the developed world, seizing leadership in the EV industry of the future. China has produced so many solar panels and batteries that it has driven down the cost to be competitive with fossil fuels — a huge blow against climate change, despite all of China’s massive coal emissions, and a victory for global energy abundance. China’s cities are marvels of scale — forests of towering skyscrapers lit up with LEDs, cavernous malls filled with amazing restaurants and shops selling every possible modern convenience for cheap, vast highways and huge train stations. Even China’s policy mistakes and authoritarian overreaches inspire awe and dread — Zero Covid failed in the end, but it demonstrated an ability to control society down to the granular level that the Soviets would have envied.”
“Modern China is certainly a very innovative country. Chinese scientists now publish the majority of high-impact papers in fields like chemistry, physics, computer science, materials science, and engineering:”
“China’s innovation outside of the laboratory is just as impressive. A vast number of incremental improvements and process innovations allow many Chinese businesses to improve product quality and decrease manufacturing cost much more effectively than their foreign rivals. Without Chinese innovation, most of the manufactured goods we consume would be either lower-quality, more expensive, or both. In fact, Chinese companies are responsible for most of the nation’s research spending. As a result, Chinese companies dominate the global market for a number of high-tech products:”
