It’s because the people importing the cheap Chinese stuff are importing cheap stuff from China because they want to make as much profit as possible. China’s been the world’s factory for 50 years now, don’t think they haven’t figured out how to do things on their own?
FFS almost their whole population was lifted out of poverty and were racing them to have the best chip manufacturing process. They have a space station.
Turns out there is a long-term effect to giving all your factory tech and IP to another country: it becomes institutional knowledge, and eventually they start seeing improvements on their own, and they garner enough expertise to not only strike out on their own but compete.
The capitalists sold your future for yachts. Like, literally.
Ahh, this old chestnut.
It’s because the people importing the cheap Chinese stuff are importing cheap stuff from China because they want to make as much profit as possible. China’s been the world’s factory for 50 years now, don’t think they haven’t figured out how to do things on their own?
FFS almost their whole population was lifted out of poverty and were racing them to have the best chip manufacturing process. They have a space station.
Turns out there is a long-term effect to giving all your factory tech and IP to another country: it becomes institutional knowledge, and eventually they start seeing improvements on their own, and they garner enough expertise to not only strike out on their own but compete.
The capitalists sold your future for yachts. Like, literally.