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I don't think having less manufacturing is such a bad thing. In a world of technology, what matters is designing and expertise, not making things. China has a
by jokoon 1y ago
I don't think having less manufacturing is such a bad thing.
In a world of technology, what matters is designing and expertise, not making things.
China has a rampant cheating problem in its universities, and there is a lot of corruption. This discourages Chinese people to pursue innovation.
The communist party is a big obstacles to innovation.
China is dependent on stealing techs.
Not to mention Chinese talents would rather work in the US.
So it boils down to having the fairest political and regime system, which china is not, although it could be one day, but I don't think Chinese culture can absorb democracy very well.
I'm not worried.
- deleted 1y ago[deleted]
- daymanstep 1y agoWhat discourages Chinese people from pursuing innovation are the lax IP laws. In China, if you spend 10 years designing a new awesome thing, everyone else will copy it as soon as you publish it. There is basically no protection for IP. That's why China caught up to the West so quickly, but it's also why very little innovation happens in China.