Earlier quoted context omitted.
No one ever forced any company to work with China. They all went to China over decades because it was cheaper and made more profits, knowing full well there’d be technological transfer since it was always China’s goal and even explicit in contracts and agreements. Being surprised now that profits became technology transfer and China is now a real competitor is useless. They knew it, just didn’t think the Chinese coul…
> No one ever forced any company to work with China. "Forced" is a strong word here, but company's do need to compete or die. If your competitors are manufacturing in China and selling widgets at a price less than what an American factory can produce them for, what choices do they realistically have? To expect merchants to get together and act according to some greater good is a pipe dream. Government should have ste…
But this could have been managed. FDR managed it, other governments somewhat managed it with policy in times of war, like WW2.
The US had the technology edge for DECADES. More industrialization would lead to more inovation and more jobs. They could invest in factories and the like, and even marketing, since “american made” has always been a fine talking point for companies. But it was cheaper in the short term to ship it to China and just not care about the future.
The governments didn’t care, the companies (owners, shareholders) certainly didn’t care, and as a result, decades later, they’re stuck with fascism. Which I don’t think they care about either.