No. of Recommendations: 11
Borrowed from WendyBG's post on the Macroeconomic Trends and Risks on the Fool boards...
I Just Saw the Future. It Was Not in America.
Thomas L. Friedman, The New York Times, April 2, 2025
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I’d never seen anything like this Huawei campus [in Shanghai]. Built in just over three years, it consists of 104 individually designed buildings, with manicured lawns, connected by a Disney-like monorail, housing labs for up to 35,000 scientists, engineers and other workers, offering 100 cafes, plus fitness centers and other perks designed to attract the best Chinese and foreign technologists…
Huawei officials said in 2024 alone it installed 100,000 fast chargers across China for its electric vehicles; by contrast, in 2021 the U.S. Congress allocated $7.5 billion toward a network of charging stations, but as of November this network had only 214 operational chargers across 12 states.
It’s downright scary to watch this close up. President Trump is focused on what teams American transgender athletes can race on, and China is focused on transforming its factories with A.I. so it can outrace all our factories. Trump’s “Liberation Day” strategy is to double down on tariffs while gutting our national scientific institutions and work force that spur U.S. innovation. China’s liberation strategy is to open more research campuses and double down on A.I.-driven innovation to be permanently liberated from Trump’s tariffs…
What makes China’s manufacturing juggernaut so powerful today is not that it just makes things cheaper; it makes them cheaper, faster, better, smarter and increasingly infused with A.I… [end quote]
I do not want to live in a Chinese style authoritarian system. But we need to be smarter as a society and have a better functioning government. Trump's administration ain't it.
