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China emerged by building and selling. Part of the rise of china has been the extraction of wealth, resource, and knowledge. I don't say this with any shade, an
by neom 2y ago
China emerged by building and selling. Part of the rise of china has been the extraction of wealth, resource, and knowledge. I don't say this with any shade, any emotion or feeling, just very literally. A large component of the ability for china to move forward so quickly was the creation of funnels that allowed for exchange. The west mostly extracted the labour and china extracted a bunch of other stuff. I can't think of a better word to describe what literally happened, and again, I'm not saying it with an opinion (that would be another discussion).
Without any judgement, imo: China is good at creating extractive systems.
(I'll add, if you've not read it, "Dealing with China
An Insider Unmasks the New Economic Superpower By Henry Paulson" is a fantastic book)
- throwaway290 2y agoOK, makes sense.