How China Became the World's Factory (IP theft) - Galt's Gulch

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How China Became the World's Factory (IP theft)

Posted by Vinay 4 years, 6 months ago to Economics

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And that is the China story—some GDP gaming, some lower-level economic freedom, but cronyism at the highest level—winning this big only by ubiquitous theft.

SOURCE URL: https://www.thesavvystreet.com/how-india-can-displace-china-as-asias-economic-juggernaut/

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Posted by Lucky 4 years, 6 months ago

This is another theme on which I have a lot of disjointed thoughts.
Vinay is not telling us here but it is in the article - there is a part II.

A quick comment- the West, as individuals, we are caught in a 'Prisoner's Dilemma'.
Example- it is ok for me to buy from China, but not all (everyone) should,
it creates dangerous dependency, but I am not everyone I am just me.

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  Posted by freedomforall 4 years, 6 months ago
  
  It will take an Apollo program (or the free-market equivalent) to overcome the current supply problem. There are many products that are essential to manufacture of other more complex products that currently are only available from China.
  Instead of propping up the counter-productive banksters, investment in domestic factories for many products is essential to security. Unfortunately the banksters are in control of such (fiat) investment capital at present.
  
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Posted by freedomforall 4 years, 6 months ago

Thank you, Vinay. Look forward to part II. 👍

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  Posted by Vinay 4 years, 6 months ago
  
  It's there already.
  
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