Comment by digitaltrees
4 days ago
Except it’s not competition if US companies can’t access the Chinese market but Chinese companies can access the US market. Just like cars. America is not willing to compete with BYD. But we are 20 years into massive IP theft from China and the naive and short sided leadership in the US that basically traded our knowledge, design and manufacturing knowledge for cheap of shoring, and watch China execute spectacularly to take advantage of the opportunity.
> short sided leadership in the US that basically traded our knowledge, design and manufacturing knowledge for cheap of shoring
The shareholders and execs got rich, you are not rewarded for very long term performance so why bother thinking what will happen 10 - 20 years later.