........is to follow the links in this Spengler post. An excerpt:
China might outstrip the West at innovation, as I argued in an essay for the British monthly Standpoint last September — not because China is better than us at innovation, but because we have stopped doing what we do best. Anyone who doubts this should read Thomas Edsall’s devastating indictment of the condition of American entrepreneurship in the New York Times. Think of it as the American hare and the Chinese tortoise. We’re goofing off and China is trundling along. This should be a “Sputnik” moment for the US. We need to take back the technological high ground. Otherwise we will join Great Britain among the ranks of former great powers. It isn’t baked in the cake, it isn’t the inevitable result of some grand historic cycle, it isn’t in our stars. We have a choice — for the time being.
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