Don’t Underestimate China
This week we do a deep dive into how China’s tech sector is building replacements for many US-sourced technology products and seeking true independence from the US as a supplier.
Contents
- Don’t Underestimate China
- Facebook’s “Dirty Work”
- Automation and Capitalism
- Venture Capital Performance
- You Can’t Ignore Crypto Any Longer
- Startup of the Week
- Tweet of the Week
Editorial
My Master’s thesis, way back in 1980, focused on the economic certainty that no empire can avoid being replaced by the next upstart. Capitalism is relentless in enabling money to flow, across borders, to whoever can produce the needs of humanity most efficiently.
For the past two decades, that money has been flowing to China and the pace has been accelerating. This inevitable trend, experienced by the UK in the last century, is compounded when the upstart has an enormous home market and a growing middle class able to spend on new items like cars and homes. The US had this advantage against the tiny UK and China has it over relatively tiny America.
There is a popular myth in Silicon Valley that the US can slow, or possibly reverse, this…
