2 ms·
That's what's supposed to happen though right? People start making products. They get better and better at it. They move up the value chain. Etc. That's market
by bilbo0s 6y ago
That's what's supposed to happen though right?
People start making products. They get better and better at it. They move up the value chain. Etc. That's market capitalism.
China is only doing it as fast as they are because we take ill advised actions like declaring, "We won't give you X anymore." As if that will stop a nation like China from figuring out how to manufacture the X's they need to make Y's. Naturally, they start successfully manufacturing X's a lot sooner than experts expect because they have greedy businessmen who want to continue making money selling Y's.