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Bruce Landay's avatar

A lot to take in for a single post. What I came away with is the reminder that the 20th century was the American century and the 21st century belongs to China. In the US we’ve forgotten what made us a great country and we quit investing in ourselves. I would argue the biggest downfall of business and technology advancement is the concept of “Shareholder Value “ as being the main driver of business. This along with insane tax breaks to wealthy individuals. Changing the laws to allow stock buybacks was another insane maneuver to make the few people at the top rich and screw all the other stakeholders. Instead of investing in R&D, plants, or people, companies artificially jacked up their stock prices by buying their own stock. This had been illegal and called stock manipulation and for good reason.

Once we add the anti-science bent to right wing politics and no longer support investment in research and development companies suffer. China is willing to invest and their leaders have enough power to just do this by edict.

This is China’s century because of demographics and politics. We are experiencing what Great Britain suffered in prior centuries.

You made many interesting points. Perhaps consider keeping your articles shorter and more focused so your audience can stay with you.

Thanks

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Sam Matey's avatar

Excellent article! I'm trying to build pro-abundance, pro-growth environmental progress with my writing. https://climateactapp.substack.com/

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