Comment by yoz-y
5 hours ago
Supply chain advantages make the country that produces most of the stuff progressively better at doing everything.
5 hours ago
Supply chain advantages make the country that produces most of the stuff progressively better at doing everything.
Only if you have the people to do it. China has some of the worst birth rate in the world. In ~20 years that manufacturing capacity either goes to robots or goes away. Then what?
One of the (many) areas in which China is doing great is industrial robotics. Not the fancy dancing dogs, but robots that replace workers in factories.
That why I said it either goes to robots or it goes away. Can the current robots replace something like this? I don't think right now but maybe they figure it out.
[1]: https://www.youtube.com/watch?v=yFYxSX6xP2U
1 reply →
how is that different from the rest of the world?
Rest of the world does not rely on manufacturing as a large chunk of its economy. Yes it will be painful for all, entire classes of products might just go away if they dont make sense in the new inflationary environment but countries will still likely suffer less than China overall.