Re:The US dollar’s hegemony is looking fragile
by throwaway4good on Saturday April 03, 2021 @10:23AM
(#26681314)
You put it quite nicely. But this is exactly the viewpoint I am questioning.
I have listened to this viewpoint (and at some point I have held it myself) for the past 20 years. And year after year it is clearly proven wrong.
Today Chinese companies such as Huawei, TikTok, DJI, Xiaomi are absolutely world class technology companies. Ten years ago Chinese companies of this stature were unthinkable. Yet somehow we question whether Chinese companies will be capable of producing a highend microchip, now that we via our sanctions have create a halfway sputnik moment for them? Whether they can create an international blockbuster movie?
Could it be that we in the west are speaking out of prejudice? That we think we know what modern Chinese communism and Chinese culture is? And we just assume it is going to degenerate into some Soviet style bureaucratic, corrupt, degenerate mess.
I have listened to this viewpoint (and at some point I have held it myself) for the past 20 years. And year after year it is clearly proven wrong.
Today Chinese companies such as Huawei, TikTok, DJI, Xiaomi are absolutely world class technology companies. Ten years ago Chinese companies of this stature were unthinkable. Yet somehow we question whether Chinese companies will be capable of producing a highend microchip, now that we via our sanctions have create a halfway sputnik moment for them? Whether they can create an international blockbuster movie?
Could it be that we in the west are speaking out of prejudice? That we think we know what modern Chinese communism and Chinese culture is? And we just assume it is going to degenerate into some Soviet style bureaucratic, corrupt, degenerate mess.