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How did China get so good at chips and AI? Congressional investigation blames American venture capitalists (theregister.com)

submitted 9 months ago by boem@lemmy.world to c/technology@lemmy.world

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[–] demonsword@lemmy.world 6 points 9 months ago (1 children)

And the profits of exporting manufactured goods was used for strategic industries and infrastructure, unlike most colonial and neo-colonial experiences

that's because most colonial/neo-colonial experiences are about raw resources extrativism

where the profits are just pocketed by a national bourgeoisie.

there quite a few billionaires in China

[–] novibe@lemmy.ml 2 points 9 months ago

There sure are billionaires in China. But they don’t control the political structure like the billionaires do in the US. They are controlled by the political structure. When has it been the last time the US or EU executed a billionaire for harming the environment?