It feels like the US for years has operated under the assumption that homeostasis for the global economy would always be “designed in California, assembled in China.”
Like there was something in the American DNA that was lacking in China and innovation would always need to happen here.
But China it seems doesn’t need the US to produce great cars, devices, robotics, or AI. We absolutely need China to help us build all of the above.
>Like there was something in the American DNA that was lacking in China and innovation would always need to happen here.
There is (was): attracting the best minds around the world to a free and stable society. Trump voters threw it all away because they couldn't stand non-whites coming to America and doing better than old stock Americans.
Propaganda. We americans ate that shit up.
There's nothing special about anything we design in the US other than time and money commitment to create it. China did have some espionage of course going on, but the vast majority of shit isn't some secret. And with the US shitting on China with restrictions, we increasingly caused them to invest time and money into things they otherwise would have passively accepted as coming from the west. ASML sees the writing on the wall for themselves in particular.
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As john oliver said on conan many years ago: "an inflatable barbecue!".
China can certainly design an inflatable barbecue. China can certainly biuld an inlfatable barbecue. But will the chinese people ever want and buy an inflatable barbecue? ... never. That is why the US will remain the premier consumer economy.
Might be more far to say: they needed the US until they caught up. The massive straight up IP theft helps a lot here. Though theft might be too strong since a lot of companies knew what they were getting in to