After that point (which might be in lets say 10-20 years) there can still be a veeery long downward slope (the soviet union lasted for 69 years).
I would be very interested in what other people think about this (and these timelines)
After that point (which might be in lets say 10-20 years) there can still be a veeery long downward slope (the soviet union lasted for 69 years).
I would be very interested in what other people think about this (and these timelines)
This argument never sounded very true and intellectually honest to me. I mean, I want to believe in it, but when I scrutinize it precisely, I wonder - how can you measure the ability to innovate of someone who doesn't want (or need) to innovate?
At present time, China's competitive advantage is cheap specialized labour, and they're taking full advantage of that - as they should. That's the whole point of being behind in technology and racing to catc up! It might very well be that when they switch their focus, from copying to innovating, they'd be very good at that as well (or very bad! we literally have very little data to tell)
China's goal under Xi is a return to the golden age of the Kingdom of Heaven, where all Chinese people exemplify the ideals and morals of the most civilized society on Earth. That goal is only tangentially related to the technical innovations they're making, and will eventually stifle them as the definition of "good citizen" and "proper pursuits" becomes more hardened and inward-looking (much like it did during the Middle Kingdom).
The autocratic environment might not be most amenable to free thinking and innovation, but then I'm not convinced that being free from autocracy is truly necessary for innovation to occur. Plenty of innovation occurred when Europe was ruled by Kings, or in 1900 Russia. Even within autocratic corporations, plenty of innovation occur.
Anyways, I don't wish for autocratic governments, but I'm not willing to dismiss China's ability to be innovative based on that.
They're good business, they offer more power to China, why would they change that?
And considering they're history, they've probably learned the lesson about the weakness of ignoring global technology.
And sure, they do have the "great firewall", but it's smart enough to let the science\technology in while filtering the politics out.
That's not true, and given the current trend (everyone gonna use TLS) it is impossible for the "great firewall" to be smarter. For example, HN is blocked in China.
In the industrial sectors that I watch (test equipment, industrial machinery), China has been climbing the ladder at a startling rate, from "outsourced labor" to "copycat" to "bottom tier" to "mid tier" in the last decade. They're now gunning for high tier equipment, and they show every indication of getting there in the next few years.
If innovation is measured by consumer adoption of new technology, TikTok is the first major AI-first consumer application. In other markets too, China has made major innovations in the consumer space that have not caught up in the West yet - ecommerce, fintech, consumer goods and more. None of these are top-down CCP mandated innovations.
It will basically flip the "system" we have now.