If China’s economic ascendancy happened 50 years sooner we would probably already have it. Democracies are allergic to massive capital investments that take decades to pay off.
Obviously the graph is very out of date, US funding is around 800 million annually and China’s is double that.
If China’s economic ascendancy happened 50 years sooner we would probably already have it. Democracies are allergic to massive capital investments that take decades to pay off.
Obviously the graph is very out of date, US funding is around 800 million annually and China’s is double that.