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Short-term gain, long-term loss for the American consumers. If the Chinese will simply copy and crush many honest businesses then not many people will want to s
by kev6168 10y ago
Short-term gain, long-term loss for the American consumers. If the Chinese will simply copy and crush many honest businesses then not many people will want to spend on R&D, on developing novel designs. The result is stagnation in innovation and the decline in business ethics in the market.
- userbinator 10y agoYou probably have not seen how it really works in China: https://www.bunniestudios.com/blog/?p=284 https://www.bunniestudios.com/blog/?p=284 https://www.bunniestudios.com/blog/?p=4297 https://www.bunniestudios.com/blog/?p=4297 There is no "stagnation in innovation", in fact I'd say things happen much faster because there's far more competition.
- spriggan3 10y agoThere absolutely is a loss of "savoir faire" in the west in every industry China has completely taken over. Furthermore we basically exchanged real growth for credit backed one AKA fake growth, because of all the real jobs moving to China. That's why we have all these housing market crisis. It is something the west will deeply regret 20 years down the road. Business is war, globalism won't change that fact.
- mahyarm 10y agoHeh, you should see the current housing bubble that rages through out china today. The large amounts of fraud, the huge amounts of capital flight, the government backed credit bubbles.
- dfc 10y ago> "savoir faire" I don't understand this phrase. All the definitions i found seem to be about personal behavior. Is there an alternate definition? What are you trying to convey?
- happyslobro 10y ago"know how" in French
- dfc 10y agoIn french is the term restricted to an individual? All of the definitions I found see me to relate to "know how react/behave according to prevailing social rules", eg: "the ability to behave in a correct and confident way in different situations". OP seemed to be referring to technical competency for an entire industry.
- happyslobro 10y agoI've only ever heard it used in the context of an individual, along the lines of "does this guy have the know-how to lead the dev team?".
- dfc 10y agoThank you for indulging my pedantry.
- zootam 10y agoand because the manufacturing happens right then and there. the proximity to people in charge of manufacturing the products also increases innovation- they see problems firsthand and can contribute to solving them.
- tabio 10y agoYes, the intense competition drives minor incremental improvements. Not capital-intensive major inventions.