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China's capital investments tend to be more successful because they copy the ones that already work. High speed rail is more likely to bring economic value than
by Aunche 6y ago
China's capital investments tend to be more successful because they copy the ones that already work. High speed rail is more likely to bring economic value than vertical landing rockets or self-driving cars. I think the problem in the US at least is that there is much much capital that all the brightest minds flock to profitable areas. In China, these opportunities are a lot rarer, so more people will pursue research or work for the government.
- whimsicalism 6y agoThere are huge opportunities happening in China all the time. They are doing new projects and creations that we do not have in the West, again - all the time. Rare opportunities to be involved in something big are just not how I would characterize China if you've been there in the past 5 years.