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by breadwinner
253 days ago
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Robotics has catapulted Beijing into a dominant position in many industries, especially ones involving renewable energy. Meanwhile in the US we are shutting down renewable energy projects (presumably to please middle-east benefactors), and Secretary of Commerce Howard Lutnick wants to bring jobs to the US that involve putting screws into phones. |
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It is really weird that this could have been Japan in the 90s, but the rise of cheap labor in China put a stop to Japan's dominance and they somehow didn't get back into it when Chinese labor became more expensive.
Maybe its just bad luck that the tech in the 90s wasn't compelling enough while it is in the 2020s. But Japan was going through the same demographic shift in the 90s that China is going through today, they began to act but the world decided to do things in China instead...and then...its not really clear to me why Japan is not investing as aggressively now (unless they are broke, or the capability to do such investments is gone?).