China Is Better at Capitalism Than the US

The two discuss China’s rise in technological advancement and how the world, especially the Global South, has responded by shifting away from US domination.

https://www.aspi.org.au/report/aspis-two-decade-critical-technology-tracker
The Critical Technology Tracker is a large data-driven project that now covers 64 critical technologies spanning defence, space, energy, the environment, artificial intelligence, biotechnology, robotics, cyber, computing, advanced materials and key quantum technology areas. It provides a leading indicator of a country’s research performance, strategic intent and potential future science and technology capability.

These new results reveal the stunning shift in research leadership over the past two decades towards large economies in the Indo-Pacific, led by China’s exceptional gains. The US led in 60 of 64 technologies in the five years from 2003 to 2007, but in the most recent five years (2019–2023) is leading in seven. China led in just three of 64 technologies in 2003–20074 but is now the lead country in 57 of 64 technologies in 2019–2023, increasing its lead from our rankings last year (2018–2022), where it was leading in 52 technologies.

China’s new gains have occurred in quantum sensors, high-performance computing, gravitational sensors, space launch and advanced integrated circuit design and fabrication (semiconductor chip making). The US leads in quantum computing, vaccines and medical countermeasures, nuclear medicine and radiotherapy, small satellites, atomic clocks, genetic engineering and natural language processing.

India now ranks in the top 5 countries for 45 of 64 technologies (an increase from 37 last year) and has displaced the US as the second-ranked country in two new technologies (biological manufacturing and distributed ledgers) to rank second in seven of 64 technologies. Another notable change involves the UK, which has dropped out of the top 5 country rankings in eight technologies, declining from 44 last year to 36 now.

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Nonsense. We just need to raise corporate tax rates.

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