Exclusive: China surpasses S. Korea in key sectors, sparking industry worries
(www.chosun.com)
from schizoidman@lemm.ee to world@lemmy.world on 27 Sep 2024 02:52
https://lemm.ee/post/43398071
from schizoidman@lemm.ee to world@lemmy.world on 27 Sep 2024 02:52
https://lemm.ee/post/43398071
cross-posted from: lemmy.ml/post/20737503
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It’s kinda inevitable isn’t it. If you put more people to study, do R&D, engineering, provide the necessary resources for them to do those things, the more hours worked should produce results faster. You limit the health and safety guardrails a bit and things get even faster. Skip having to do the earlier development by getting foreign capitalists to build factories on your soil and share their IP, and things get even faster.
And company leaders that get too big get cut down to size instead of letting them becoming a monopoly and slowing down.
I think the jury is still out on this one but there’s definitely been some of it as opposed to zero. There’s still a disturbingly high number of billionaires which makes me feel they either don’t cut down enough or when they do, it’s for show.
That’s a sad truth, Reagan basically stopped checks and balances on monopolies. Clinton tried to revive it, but it was killed by Bush.
So basically free reign for large cooperations for 40 years.