alt Hacker NewsThats because the USA has really nothing big to export. Yay, designs.
China? Im getting ready to watch the URKL (universal robot knockout league) go on. The USA is dicking around with failed robot dogs.
The USA has been a failed country, coasting on massive inertia. But the tech avenues from a article I cant find showed the USA 8/64 areas excelling. China was 56/64 areas excelling.
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I believe it. The us intentionally lacks accountability to prop up the already wealthy in almost all of its ventures. Which socializes losses and capitalizes gains. It's an economic model that guarantees deterioration and stagnation.
Dodging politics, the power structures in us industry need serious revamping.
China is going to be the next Germany: a loser in the new world without globalization
If this is true, then why are most of the companies that change the world founded in the US?
China is an advanced 2nd world country with pockets of first world.
Smart people in China design fast manufacturing lines for $25k/yr.
Smart people in the US design bond hedging strategies or ad-pixel trackers for $250k/yr.
China is in the stage the US was in 60 years ago, and eventually those high paying, high impact jobs will suck the intelligence out of all the "blue collar" work. Just like it did in the US.