China Is Winning the Economic Race with the US – The Consequences Will Be Profound
Today, the U.S. is the world’s largest debtor; China is the largest creditor. When it comes to manufacturing, China already displaced the US a decade ago.
Today, the U.S. is the world’s largest debtor; China is the largest creditor. When it comes to manufacturing, China already displaced the US a decade ago.
The more US agricultural technology China acquires, especially through theft, in order to become dominant in the agritech field, the worse the US will fare when it comes to selling its own technology, whether to China or third countries.
Rather than the classically Marxist/communistic economic system that most understood it to be, China has been transformed into a corporatist, fascist, totalitarian state over the past 50 years.
While Hong Kong was to be autonomous from China until 2047, it’s hostile subjugation by the Chinese Communist Party (CCP) is being celebrated by some major American corporations.
China’s extreme military response to Nancy Pelosi’s visit to Taiwan sends an unequivocal message to the US that it can no longer sustain its policy of “strategic ambiguity.”
The model that so many nations seem to be imitating is that of the Communist Chinese Government. Strict control of freedom of movement and transportation, the elimination of “non-essential” businesses, the ever-present surveillance state, the censorship of freedom of expression – all hallmarks of authoritarian totalitarian control.
British universities have accepted £240 million from Chinese institutions, many with links to the military, including £60 million from institutions sanctioned by the US government for supplying the Chinese military with fighter jets, communications technology and missiles.
Nike CEO John Donahoe responded to a question on why Nike hasn’t been more vocal on human rights issues in China by stating that they participate “in sport all over the world, including China.
The US Defense Department’s current outdated and slow approach to technological innovation could eventually lead China to overtake the US in areas such as artificial intelligence, cybersecurity, and space.
The Chinese company didn’t steal this technology. It was given to them — by the U.S. Department of Energy.