|
|
|
|
|
by TaylorAlexander
1870 days ago
|
|
I kind of feel like China has already passed us. The US defines "innovation" as patents but in reality innovation is so much more than that. The US feels like its slowly grinding to a halt, and when I see how China is growing, I think we're already behind. I have been shopping for machine tools, and the stuff in China isn't just cheap knock offs anymore. It's good enough for them to use in country to build bullet trains and passenger jets. Of course they do import machinery from elsewhere too, but I just get the sense that they are moving very fast. If they'd passed us on daily innovation, we wouldn't exactly know it. Its hard to quantify. By the way I blame patents for this. Patents are a legal blockade on third party innovation. But that's how progress is made! Everyone copies everyone. You see something and you make a better version. Patents gum up the works and drive things to a standstill. They don't have this problem in China. Some people think investment won't happen without IP restrictions, but I think it will, just differently. There's no more unicorns and whales, but there's a lot more fish. |
|