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by stingraycharles 56 days ago
They’re transitioning to the forefront of innovation, but they’re definitely not at the forefront yet. They’re good at implementing things, not yet innovation.

They desperately do need to do that, though, because manufacturing alone isn’t going to grow their economy any further, as wages in China are already becoming high enough that they’re becoming less attractive to foreign investors.

They’re strategically well positioned to take over the west in the next few decades, but to argue that China is already leaving America et al behind in innovation is silly.

If you think that the US is corrupt when it comes to money, and that that’s the only innovation that the US is currently leading in, I heartily invite you to actually explore China.

(And I say this as someone who lives in South-East Asia)
1 comments
krackers 56 days ago
>manufacturing alone isn’t going to grow their economy any further.

But why does the economy need to grow? If you can manufacture everything you need, and you have access to the raw resources, what else do you need as a country. In what sense is growing your economy with VC scams like Juicero better than actually having industrial output?

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curio_Pol_curio 56 days ago
I just realised that this is why SV centre-right is lowkey obsessed with Japan.

Contrast with the SV-aligned execs-turned-thought-leaders from decades ago that used to claim that it is not in the cultural DNA of Japan to innovate. They don't say that now, but they still look to Japan for inspiration as Steve Jobs used to do before it got fashionable

Today, Japan has a diverse economy but one could argue in good faith that its the lack of financial innovation that's holding them back

(Lack of raw resources very much a red herring-- as ever, something that the almost perennially rightwing Japanese government has never gotten less OCD about)

Another "mesocosm": Hollywood is _quietly_ looking East for "cultural innovation", bc the studio system "knows" that not even Korea can catch up. Is bigtech this certain? Do they have to MJGA before MAGA?

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