China trails the United States on research and development, but it is getting a phenomenal bang for its buck, says David Fickling for Bloomberg Opinion.
Yes, it was incredibly short sighted of the neoliberal “free market” Capitalist agenda to conduct their “race to the bottom” by sending vital manufacturing overseas.
That combined with privatisation and globalisation (and lots of unchecked corporate espionage done by China) has given awaysold every single technological advantage the western world had been developing since the Industrial Revolution.
Yes, it was incredibly short sighted of the neoliberal “free market” Capitalist agenda to conduct their “race to the bottom” by sending vital manufacturing overseas.
That combined with privatisation and globalisation (and lots of unchecked corporate espionage done by China) has
given awaysold every single technological advantage the western world had been developing since the Industrial Revolution.