It's good to see people in the tech circle thinking about China. China's rise to dominance is unquestionable now. The current US administration has failed miserably. In the past 4 years, China has made gains on all fronts. I don't think they suffered any setback. The US does not seem to have a coherent strategy to counter this trend. The trade war was lauded as an achievement. But it has failed. The US is now going back to something similar to TPP, a policy championed by the previous administration. One step forward, 2 steps backward.
This pandemic started in China. But they somehow turned the table back to the US. The virus has done more damage to the US than China. The US leadership is incompetent. The government and the Fed are fixated on keeping the S&P 500 index. Tech investors make calls to build. Then, they invest in the next app trend. People seem to lose their moral compass. I think in the near future, the US won't be able to print money to fix its problems.
China seems to play a war of attrition. It engages the US in small conflicts and tends to drag them out. The US is the top dog. So it wants to win all of its battles. These conflicts distract the US from the big picture. The US is fighting fires on all fronts. Then China slowly makes gains.
This pandemic started in China. But they somehow turned the table back to the US. The virus has done more damage to the US than China. The US leadership is incompetent. The government and the Fed are fixated on keeping the S&P 500 index. Tech investors make calls to build. Then, they invest in the next app trend. People seem to lose their moral compass. I think in the near future, the US won't be able to print money to fix its problems.
China seems to play a war of attrition. It engages the US in small conflicts and tends to drag them out. The US is the top dog. So it wants to win all of its battles. These conflicts distract the US from the big picture. The US is fighting fires on all fronts. Then China slowly makes gains.