...and the rush is on to convert U.S. dollars into Chinese Yuan Renminbi.
The problem is this: China (and India, and others) may be very good at copying blueprints and building things and paying people seventy five cents a day.
And I am sure there are some things, but can’t remember exactly, when’s the last time you heard of a new technology or initiative or drug coming from any of them?
America has, above ALL OTHERS, been the beacon and leader in development and innovation. Hands down. In technology. In electronics. in Space. In medical applications. In agriculture. In the arts (yes, many here deplore liberal arts, but it is what it is).
I can’t think of a single field that America is not the leader in, and has the most experts/expertise.
A billion Chinese won’t change that. Or two billion Chinese.
The problem is THAT WE SOLD those technologies, and hidden people with deep pockets kept the profits and watched our jobs get shipped away.