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Besides cheap and slave labor, what are other "real competitive advantages over western countries" which China has, but which "media rarely speaks about then" ?
by raincom 5y ago
Besides cheap and slave labor, what are other "real competitive advantages over western countries" which China has, but which "media rarely speaks about then" ?
This is not a rhetorical question. Just interested to know.
- jbay808 5y agoDomestic production of almost everything in the world. This is also immensely valuable to innovation because it's easy to make new things and test new ways of making things. Do you expect that "designed and engineered in X, made in China" is a sustainable situation when most of those designers and engineers have never set foot in the factory that makes their product, and never will?
- raincom 5y agoAlmost everyone accept what you say. Somehow, the capital class, and the intellectual class (media) heavily discount it.
- yourapostasy 5y ago> Somehow, the capital class, and the intellectual class (media) heavily discount it. For the capital class, IBGYBG by the time the wheels of sustainability of the situation fall off the cart, and in their mind they'll "simply" switch to the new dominant player; I believe they vastly underestimate switching costs and fungibility of their capital in China. For the media, they say what the capital class pays them to say.