Originally Posted by
ORAC
5 and 10 year plans aren’t what they’re cracked up to be, as history proves. The capitalist system of allowing millions, instead of a committee, to decide tends to produce better solutions. No 5 year plan will ever produce an Apple, Google or Hollywood.
Japan was supposed to overtake the USA and didn’t - and China is already experiencing an ageing population, lack of raw resources and a shrinking overseas market. Unlike democratic India.
I await the future with interest.
so do I.
Recent behaviour towards tariffs and action against Huawei shows some desperation rather than strategy. It’s all a bit knee jerk. China’s model has long cast aside the industry by committee model, hence Huawei now rapidly approaching being market leaders in mobile smart phone production.
China own vast swathes of rare earth resources in Africa, if they shut off supply to the west, we have issues, particularly in our high tech sectors.