100~150 years ago that is what the Europeans were saying about the US.
We were an undeveloped country that was stealing IP from Europe and making very low cost versions of products due to our very cheap living costs and standards of living. We had draconian living conditions and lived under the thumbs of very rich and powerful aristocrats who used money to buy laws and power to keep the workers down. At times private armies and at times the US army was used to enforce this power over the workers and forcefully make them work.
Things changed here. It took a century of build up and 30 years of rapid change.
I suspect that the same will happen in China.
The way to survive this global change is to pay attention to your interests at home and ensure your footing is stable. If China doesn't take the global role some other country will. It's not important if China takes a leading global role as long as the US is in good shape.
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China is slowly killing us all.
Not only is labor FREE there, but their R&D is too.
They will have all the jobs, yet no lives worth living, and we'll have no jobs to buy their useless Low end products.
100~150 years ago that is what the Europeans were saying about the US.
We were an undeveloped country that was stealing IP from Europe and making very low cost versions of products due to our very cheap living costs and standards of living. We had draconian living conditions and lived under the thumbs of very rich and powerful aristocrats who used money to buy laws and power to keep the workers down. At times private armies and at times the US army was used to enforce this power over the workers and forcefully make them work.
Things changed here. It took a century of build up and 30 years of rapid change.
I suspect that the same will happen in China.
The way to survive this global change is to pay attention to your interests at home and ensure your footing is stable. If China doesn't take the global role some other country will. It's not important if China takes a leading global role as long as the US is in good shape.