3 ms·
Yes but the Chinese state is much more willing to direct capital to where it thinks it should go. The argument w.r.t. geopolitics is usually that the US is late
by nateglims 1y ago
Yes but the Chinese state is much more willing to direct capital to where it thinks it should go. The argument w.r.t. geopolitics is usually that the US is late to doing this and now lacks production capacity which is useful for competing.
- otterley 1y agoI think this is an "and," not a "but." Your statement and mine aren't in conflict.