The US handed China economic power and now is upset about it. In a tantrum we're now forcing them to develop some of the most advanced technology in the world.

The US handed China economic power and now is upset about it. In a tantrum we're now forcing them to develop some of the most advanced technology in the world. In both cases it seems to be a result of underestimating them. Elites thinking everyone else is just labor. In the 90's a friend of mine from business school said outsource all production was the future and people in the US would just manage everything. I laughed. We've seen how engineering and manufacturing are linked. China had to learn engineering to do production better. And management? Did anyone seriously think they couldn't figure that out? This result from cutting off fab equipment was blatantly obvious. What's less obvious is that they will do it cheaper than ASML does today by jumping straight to next generation technology.