Warning: Neil does typos...
I know I promised more observations, but this one won’t leave me. If I won’t leave me Doc Higgins says it should go in the journal.
China. A conundrum to many. But not to me.
The rise of the sleeping dragon first came to my attention when I was an undergrad at the University of Virginia. It was the one and only class I took outside of the Engineering School.
We went back say a hundred years. I don’t remember all the details. I don’t have a photographic memory, no matter what others think.
What I DO remember still haunts me. The Chinese, especially the who’s who, don’t think like we do in the West. We’re thinking a year, maybe two down the road. What will interest rates do? Who’s gonna win the next election? That kind of thing. Our best leaders look decades ahead. But they’re outliers. Re-election and all that.
They’re thinking one hundred, two hundred years down the road. They’re willing to make HUGE sacrifices today to get the ENORMOUS payoff later.
How do we compete?
Something for me to think on.
Maybe Daniel has some insight.