Turns out when profit becomes supreme everything suffers.
Immediate profit vs long term profit. Squiggly line must go up in the next 3 months. Who cares about in 30 years?
Everyone’s credit card is maxed out. The country’s debt is spiraling out of control. There is no more money to borrow from the present. Now it is time to put the future in debt by cutting back things like science and education. This will cripple the country on the long run, but who cares when that squiggly line is going up right now?
That has been going on for decades. Meanwhile China has been playing the long game and it is now reaping the benefits.
But capitalism is innovation??
In the 1980s, MIT flagged that the US was losing the productivity/quality race to Japan and South Korea.
Despite a great deal of national handwringing on this point, no systematic improvement was made.
They flagged the chronic transfer of IP to Asia by US companies.
Yet since, Tesla taught China how to build EVs, and Apple invested more in Chinese manufacturing that the fucking US Marshall plan, which has no made local manufacturing impossible.
We’re watching the Gileadification of America in realtime.
Just steal the IP after they paid to develop it, just like them.
