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The extent of Chinese industrial supremacy is comparable to the US after WWII. But unlike the US after WWII, which made deliberate efforts to diffuse tech to the RoW, intentionally eroding leads, China today is doing the opposite.
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Kyle Chan
@kyleichan
China is rolling out even more export controls. Just days after draft export controls on AI, biotech, and solar, China is now adding or updating export controls on dual-use items: - Drones - Construction machinery - Dredging equipment x.com/business/statu…
David Watson 🥑
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The theory being (1) general humanitarianism, (2) building a counter to Soviet Communism, and (3) avoiding a repeat of what happened after WWI.
Doubt it, the CCP's view is that everything requiring skill/technique/expertise should be made in China and the RoW should be interchangeable purchasers of Chinese goods. Just will have a harder time getting capital goods for setting up domestic production.
Even worse, the formerly industrialed nations are competing amongst themselves to see who can destroy their factories the fastest.
This was the plan all along. Export all kinds of great stuff to the rest of the world. Move into sectors of importance for sovereignty (energy, frontier digital, etc.). Crush domestic competition in those countries so you rely on China. Then rug pull (we are here).
some form of this was nessacary immediatly post war, but otherwise the west would be in so much better shape if it became protectionist by the 60s
What a dumb statement! Isn't the release of Open source AI a form of Chinese diffusion in itself? Isn't Chinese exporting of complete supply chains to BRI and friendly BRICS countries a form of technology and systems diffusion in itself?!? And lastly isn't the spread of
US manufacturing moved overseas solely because of the Triffin dilemma that comes with the dollar being the world's reserve currency. If you don't even know basic economics, you really have no business talking about global issues
China really does not want to give up its turn being the most industrialized country in the world, even if it means making sure their workers are never allowed to earn more than a fraction of what they should actually be getting paid.
I think the biggest difference is post ww2 median American was under 30 and had about 4 times as many children as the Chinese are having today. Chinese growth is virtually entirely reliant on exports and consumption growth is looking more and more impossible.
The US would not have done it if they had not controlled so much of the important RoW one way or another. China does not, and therefore they are not doing that.
Back in the day, the US was doing it to keep the Reds off. What’s the incentive for China?
The West sanctioned China after WW2 and diffuse its tech to Western aligned countries. They reap what they sowed. Be glad China didn’t try to kneecap the Western economy after the West launched that nonsense trade and tech war.
mand and technics, not wanting the world to know how to do anything. What the West should have done centuries ago. Steam what…?