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China did what Germany did in the 19th century and Japan did after World War II but differently. Germany and Japan copied and made own things until they were ex
by tehabe 6y ago
China did what Germany did in the 19th century and Japan did after World War II but differently. Germany and Japan copied and made own things until they were experts and made better things than the original. China did that differently, they invited western companies through cheap labour and made officially those things, copied it then and became experts and eventually made their own products, which at least as good or better than the originals.
It is also helpful, that the Chinese government can just do things w/o any meaningful interference. In the 1960s and 70s, German cities wanted to build huge motorway like road through the city centres, which would have destroyed the cities, many of those project could be prevented from happening. Thiel would have critised those protests as a barrier for progress. Like he does, when he is mentioning zoning laws prevented a high-speed railway in San Francisco.