How did China get so good at chips and AI? Congressional investigation blames American venture capitalists
How did China get so good at chips and AI? Congressional investigation blames American venture capitalists
Capitalism made communism stronger
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Let's see, in the 80s we rapidly moved much of our technology manufacturing to China, and now we're shocked that China has this knowledge?
But a lot of shareholder value was created! Won't anybody think of the poor shareholders?
"The capitalists will sell us the rope with which to hang them"
but hey we crushed labor unions and nobody can afford anything anymore except rich people. Win-win-win
Look out! That Pikachu manufactures semiconductors!
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That’s because the Chinese experience was very peculiar. When American and European investors and industry giants went abroad to outsource manufacturing, they brought in the capital and left with the profits. But the capital, and technology or knowledge, never spread in the colonies or neo-colonies. When China “opened up”, they were real clever about it. They said: “sure, you can open your factories here where there is an abundance of cheap labor. But in exchange, we want the knowledge and technology”. And since opening up China to foreign capital has been the wet dream of capitalists and proto-capitalists for the past several hundreds of years, they accepted the deal. So China was left with the know-how to be able to set-up their own national industries. And the profits of exporting manufactured goods was used for strategic industries and infrastructure, unlike most colonial and neo-colonial experiences where the profits are just pocketed by a national bourgeoisie.
And the profits of exporting manufactured goods was used for strategic industries and infrastructure, unlike most colonial and neo-colonial experiences
that's because most colonial/neo-colonial experiences are about raw resources extrativism
where the profits are just pocketed by a national bourgeoisie.
there quite a few billionaires in China
There sure are billionaires in China. But they don’t control the political structure like the billionaires do in the US. They are controlled by the political structure. When has it been the last time the US or EU executed a billionaire for harming the environment?
Yeah na
Every time a factory opens in 3rd world the knowledge partially stays.
But but they're supposed to be inferior humans! They shouldn't be able to compete with superior Americans!