Comment by bitL

Yeah. But now that pertains to many more technological gadgets than in the past. It's the same cycle as done by Germany and Japan in the past, i.e. first flood markets with laughable but cheap stuff, then continuously improve, stop being a laughing stock but a decent though cheaper alternative, then start getting into high margin stuff and unseat leaders (which is the current phase of China), then take over quality production, raise prices and become rich (which is the game we are starting to see being played right now).