Quote (ofthevoid @ Feb 21 2022 08:28pm)
China produces more engineers per year than we have in entirety, many of them educated in the west by our top engineering universities. Sometimes we're able to hold that talent, most of the time that brain capital goes back to China. We may not like it and many in America would never want to admit it, but they've lapped us and we're less than a decade away from that becoming blatantly obvious across the globe. I'm kind of scared as an American when the day comes when the Chinese dump the dollar as the reserve currency. Many Americans will suffer greatly.
Way too pessimistic. The Chinese are a decade behind on key tech. Their vaccine is the intellectual brainchild of a single man educated in the West who worked on MRNA tech.
The Chinese have roughly $2 trillion USD. It's not insignificant, but not too significant either. Chinese attempts to bypass American and EU payment methods have so far failed to find much traction beyond Chinese borders. Look at the total dollar amount and the footprint is tiny.