We in the USA have some catching up to do. Just a reminder.
A military confrontation with China isn’t going to fix any of these things.
LINKS
You Can’t Run Industrial Policy or a War Economy Under Neoliberalism by Ian Welsh. [Added 06/22/2024]
Using Comparative and Absolute Advantage to Explain China’s Rise by Ian Welsh. [Added 06/22/2024]
China’s Rise Is Normal by Ian Welsh. [Added 06/22/2024]
Why China Might Beat the U.S. Back to the Moon by Jeffrey Kluger for Time magazine. [Added 06/22/2024]
U.S. Remains Painfully Dependent on China for Silicon and Solar Panels by the Metalminer team for OilPrice.com [Added 06/22/2024]
Tags: China, China as number one
Phil Ebersole's Blog 
June 21, 2024 at 5:03 pm |
Having a large pool of semi-lave labor makes life easier for Beijing. The 9-9-6 system has a lot to do with Chinese success, and if that’s how you have to do it, I’ll skip. Not to mention the actual slave labor camps in Xinjiang. Really sucks to be a Uyghur these days.
China’s population crash will be interesting to watch. Having the lowest birth rate in the world is not a good thing.
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June 21, 2024 at 5:30 pm |
I agree with you about the 996 system. For those who don’t know the term, here’s an explanation of what it is.
https://en.wikipedia.org/wiki/996_working_hour_system
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June 22, 2024 at 10:49 am |
I don’t think that is the whole answer, however. Otherwise nations such as Bangladesh, where labor conditions are even worse than in China, would be leading high-tech manufacturing nations.
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June 23, 2024 at 3:28 am
I don’t think they have the economic power to attract hi-tech companies. It is a capital intensive industry.
China’s hi-tech sector is indigenous and benefits from being heavily subsidized. The next big competitor for China will likely be India. They are developing a high of indigenous technology.
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