Tepid political leadership and current trends in attitudes, education and spending priorities need to be reversed
China’s leaders notably want to move from “sold in China” to “made in China … and to dreamed up in China,” he said. And that is precisely what has happened since he underscored the serious nature of the competitive challenge.
America and its key allies can try to emulate China by subsidizing manufacturers deemed essential to national security. But a modest shift in resources will not alter the trend. • a “numbers gap” — too few graduates in science and engineering, especially when compared with China, and more broadly;These gaps have intensified as of late. Writing in The Telegraph, Allister Heath offers a contemporary and more alarming analysis. He describes four trends that undermine the West’s role in the world:• The misuse of technology.
Meanwhile, China uses subsidies, protectionism and “Buy China” mandates to preserve its manufacturing lead. Asin the Wall Street Journal, President Xi Jinping sees two varieties of technology: “nice to have and need to have.” Social media, e-commerce and other consumer internet companies may be nice to have but Xi believes that China needs state-of-the-art semiconductors, electric car batteries, commercial aircraft and telecom equipment to retain China’s manufacturing prowess.
In a rare public interview, former prime minister Stephen Harper astutely skewered “irresponsible” public spending by Canada to combat COVID as “bad macroeconomic policy on an enormous scale. … Massive levels of borrowing could spur dangerous levels of inflation.”
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