Forgot that they are only able to do so because the Western capitalists have been trying to snuff out domestic organized labor and thus dumping huge sums of money into Chinese production for half a century.
If it was just pure copying the best you could hope for is that you match the performance of your competitor. To exceed their performance genuine investment must be made.
I guess, but very often private innovation builds upon a bunch of fundamental research funded by the tax payer. Then the private sector patents it, and brings it to market, overcharges and earns billions. Tough luck if China gets better at this game.
And since China is not a party to any Western IP trade agreements and not bound under international trade law, the only solution is a) diplomacy or b) war
With zero investment in innovation. They just wait and steal the work. Easy to undercut American companies when you have no R&D costs.
Forgot that they are only able to do so because the Western capitalists have been trying to snuff out domestic organized labor and thus dumping huge sums of money into Chinese production for half a century.
Yeah. The crying by CEOs during this obviously inevitable “and find out” phase is beyond ludicrous.
If it was just pure copying the best you could hope for is that you match the performance of your competitor. To exceed their performance genuine investment must be made.
I guess, but very often private innovation builds upon a bunch of fundamental research funded by the tax payer. Then the private sector patents it, and brings it to market, overcharges and earns billions. Tough luck if China gets better at this game.
And since China is not a party to any Western IP trade agreements and not bound under international trade law, the only solution is a) diplomacy or b) war