>>60855937
trigger-warning: i'm euro.

Since this is /biz/ I’ll use crypto as the case.

Five years ago Europe and China were way ahead of the US. China was even experimenting with off-chain government payment rails. Within a single year the US private sector crushed everyone, the public side caught up fast, and suddenly they are a decade ahead. Memewhile in Europe we’re still stuck debating “phase 2” of a eurocoin nobody cares about, and China may or may not ban BTC for the 36th time.

When stakes are high, the US goes all in and takes risks. Europe hesitates. China lurches around with no coherent strategy. Same pattern in EVs, drones, batteries, smartphones, US open the market, then everyone else piles in late.

>muh dictator
Dictatorships move fast, but stability and safeguards are features of democracies. China will blow itself up, which is why I dumped all my emerging market exposure.
It’s not just instability either, it’s the legal system, outside the West it’s a giga circus.


What will happen to China is nothing compared to the US.
Mao made a grave mistake.