As an American China doesn’t have to steal our tech. They’ve already surpassed America in every measurable metric except for Gdp and consumption which isn’t really a win at all.
every measurable metric except for Gdp and consumption which isn’t really a win at all.
So much of US GDP is tied up in the FIRE sector anyway. Housing is overinflated. Insurance is overinflated. Tech is crazy overinflated. It’s something of a joke to say the US is outrunning China when US businesses are touting triple-digit P/E ratios following decades of low-interest borrowing and bailouts.
And with all the consumer goods prices skyrocketing, you have to wonder how long American excess consumption can even last. $4-6/gal gas isn’t going to be any kinder to the US Automotive market today than it was during the Bush Admin.
They never tried to steal any tech, they were given tech by the US government for years in return they were to be the one and only source of cheap consumer goods and then trump 1.0 happened and all that was thrown out the window.
China hates trump for a multitude of reason but this one in particular especially.
China stealing technology is the whole reason why the USA doesn’t cooperate with them in space like it does other countries. So it hasn’t been that long since China felt like it needed to.
While I totally agree with this the irony is china turned out to be the slightly less evil capitalist than America. And only because of their one party system.
As an American China doesn’t have to steal our tech. They’ve already surpassed America in every measurable metric except for Gdp and consumption which isn’t really a win at all.
Oh I don’t know. I think America still leads China in school shootings.
Also obesity.
Shots fired!
So much of US GDP is tied up in the FIRE sector anyway. Housing is overinflated. Insurance is overinflated. Tech is crazy overinflated. It’s something of a joke to say the US is outrunning China when US businesses are touting triple-digit P/E ratios following decades of low-interest borrowing and bailouts.
And with all the consumer goods prices skyrocketing, you have to wonder how long American excess consumption can even last. $4-6/gal gas isn’t going to be any kinder to the US Automotive market today than it was during the Bush Admin.
They never tried to steal any tech, they were given tech by the US government for years in return they were to be the one and only source of cheap consumer goods and then trump 1.0 happened and all that was thrown out the window.
China hates trump for a multitude of reason but this one in particular especially.
China stealing technology is the whole reason why the USA doesn’t cooperate with them in space like it does other countries. So it hasn’t been that long since China felt like it needed to.
While I totally agree with this the irony is china turned out to be the slightly less evil capitalist than America. And only because of their one party system.