There are two things that I feel impacted the US here:
1. the R&D tax credit was gone from 2022 - 2025 thanks to the Tax Cuts and Jobs Act signed in 2017.
2. private equity does not invest in R&D
1. the R&D tax credit was gone from 2022 - 2025 thanks to the Tax Cuts and Jobs Act signed in 2017.
2. private equity does not invest in R&D
1 China has a billion people
2 education is practically sacred in Chinese culture
It is only natural that after China's century of Western humiliation and Mao's delusional cultural revolution that the country is retaking it's rightful place.
Why wouldn’t it? Have you seen our governance?
The ones really funding research are VCs, governments and founders taking bank loans.