alt Hacker News> Would that energy not be better spent to try to become better?
The problem is, shareholders have bled Western companies dry in the chase for returns on investments. There is no money left in the companies to retool them to be competitive with China.
Meanwhile, the CCP just pours dollars into their companies.
Unfortunately, there is no punishment in Western societies if you run a company into the ground as long as you pay your debts on the way out.
Private equity has mastered the art of running a company into the ground, hiding that fact, and handing the debt over to someone else. So there is no punishment even if your don't pay your debts.