The “hehe Americans are dumb” trope is interesting when you consider that Americans are the leaders in:
- Software/AI
- Space travel
- Electric vehicles
- Medical advances
- Top universities
etc etc. Our avg people may be very avg, but our brightest minds are truly world class.
plus:
. Finance
. Business
. Entrepreneurship
. Entertainment (music, movies, etc)
and more
That's called petrodollar privilege, napalmin em, atomic bombin em, regime changing em, etc.
But I get your point intellectually still nice outside of that just saying only reason why in the first place. Give another nation same petrodollar means by force and see what they could do
Petrodollar is dead now as well. The next couple decades gonna be very very interesting.
Yea cuz we all just colonists and euro afro asia india settlers either fresh or several generations ago 🤙 so for sure we produced some good stuff collectively in the melting pot
These were the real native Americans 😄 and they were badasssss too
Same can be said of China.
Don't get me wrong you're correct there's bright minds in the US, but in tech especially, the US heavily relies on China while the reverse is no longer true.
And China are making moves against the US on a geopolitical scale as we're seeing with trade deals being made in the Digital RMB instead of the USD.
Then there's things like the entertainment industry, one of America's biggest exports. But who owns the Hollywood production studios? In many cases, it's the Chinese.
I got no dog in this fight but it's interesting to observe.
“but in tech especially, the US heavily relies on China while the reverse is no longer true.”
That actually goes both ways. The US manufactures their tech in China, but China still heavily relies on US tech and software for even their own semiconductor production. Hence why the ban on U.S. companies from supplying their tech to Chinas chipmakers has crippled them and Huawei. Their semiconductor space is still years away from American/European/Taiwanese levels. Their attempt at simply
throwing money at it is failing.
As for Hollywood production studio ownership, I just double checked, and the largest ones are public companies. In every case, their largest shareholders are American mutual funds, index funds, etc, so i’m not sure where you’re getting that from.
“China’s lack of success in developing high-end microchips is well-known. The National Integrated Circuit Industry Investment Fund (aka the Big Fund) has pooled $45 billion since 2014 and funded many critical projects. In 2020 alone, Chinese semiconductor firms received $35 billion in investments from official and private sources.
But, so far, Chinese chipmakers remain years, if not decades, behind their Western and East Asian competitors — and stiff Western export controls now threaten to delay their progress even further. Adding insult to injury, Chinese officials entrusted with achieving chip self-sufficiency appear to have had their hands in the till. Last year several senior executives of the Big Fund, including its general manager, were detained for suspected involvement in corruption.”
Xanny, gotta big disagree with your take…
The US DOES NOT relay on China for tech. We contract heavily with China for all manner of commodified and marginally advanced manufacturing. Ans Andrew is right about software, chip design, and advance manufacturing being owned by the US or US proxy states. What’s more, we’re already seeing the beginning of the trend of moving production OUT of China. And advanced technology will make more and more of manufacturing automated and modular, eroding China edge at throwing vast numbers of low cost human laborers at production tasks what but for this suppressive effect, would have already been (and are now being, automated). This process will happen far faster than the China Hopium and “Dollar Bad, Yuan/Ruble Guuuurd” crowds want to believe…
Further, I am no dollar apologist, but as someone had most of their net worth denominated in RMB for several years - nobody is out there lining up to rush in RMB while dumping dollars. The country still runs wildly draconian capital and international movement controls specifically to keep money and people IN. The thought that the world will begin clamoring for Yuan, Ruble, or Rupees is laughable at best - especially when all of those currencies are just subpar substitutes for the dollar on the prevailing fiat standard.
This whole narrative is a smoke screen to obfuscate a clearer and more direct path to bitcoin, globally. The US, EU, and the BRICS governments can keep on with their extractive and predatory dick measuring contest, which only hurts the people - and people from the ground level up will migrate to bitcoin, precisely to avoid the aforementioned “Great Power” money games…
The Chinese are perfectly capable of semiconductor fabrication and creating end consumer products in both software and hardware.
What do you think the crazy media circus around Huawei and TikTok was about? Definitely not spying, the US doesn't give two shits about privacy, and they're no worse than Facebook and Google anyway.
They're starting to get afraid because the country that started off as a cheap labour pool now has a rapidly growing GDP, middle class, and has a government that is very smart (yes they're a horrible authoritarian dictatorship, but they're strategic and very clever).
As for Hollywood I don't think you get the true significance. Doesn't matter if they're on US indexes. What matters is the Chinese parent companies now control the movies they make. And under fiduciary duty they must keep those American shareholders happy. Censoring the content to appease CCP does that because they have a rapidly growing box office.
Even companies that aren't owned by China are still under their thumb. Look at Apple. They heavily rely on sales in the Chinese market now. They've made many deals with the CCP to be allowed to continue trading there, such as moving all Chinese iCloud data to Alibaba and giving the encryption keys to the CCP.
Similar deal with Tesla. It's been pointed out a lot recently that Elon refuses to criticise China. Wonder why? Because like Apple, Tesla needs Chinese money to keep shareholders happy.
Remember, America got to where it is by leveraging its financial position. China is now doing the same.
Responded to most of these points here.
For the rest: I'm not saying I support China. Fuck the Chinese government. Fuck the US, EU, UK governments. Fuck the lot of them.
But objectively they are making moves to become the new "superpower."
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"The Chinese are perfectly capable of semiconductor fabrication and creating end consumer products in both software and hardware."
They are capable, what I said was they're very very behind in how advanced those chips are.
and yeah it sucks that American companies are appeasing CCP to get access to their consumer market, but that's free market capitalism, theyre doing what makes them the most money. Are you proposing the US gov regulates that?
U.S. is only a leader in export of bullets.
America is really good at things that private enterprise does well. Other things like planning cities and generally creating a society where people thrive, not so much.
When it comes to national pride, Americans are easy to trigger lol
Well.... not bad
Even from a swiss point of view, truly fair arguments👏🤝
