…ogress in earlier decades. They argued that “the splintering of the technology trajectories and the short-term private profitability of many of these new splinters” means we need to greatly boost public investment in finding the next great computer technologies.
MIT Technology Review
And that shows the advantage of the Chinese system that enables a lot of capital to be invested in research and how start-ups are the dynamic method used by Chinese planners to get the highest level of innovation and the integration of this innovation into industry and commerce. The US system of free enterprise and unregulated market lead to short-term policies and useless aggressive competition that does not look beyond the profit line that works on at most six-month horizon.