Could the world’s lone but weary superpower actually learn something from China? It’s a politically incorrect question, of course. China is an authoritarian nation; its ruling Communist Party deals ruthlessly with any challenge to its hegemony. It remains, relatively speaking, a poor, developing country with huge problems to confront, massive corruption and environmental degradation being Nos. 1 and 1a. Still, this is a moment of humility for the U.S., and China is doing some important things right. If the U.S. were to ask the Chinese what it could learn from their example, it might gain some insight into what it’s doing right and wrong. Here are five lessons from China’s success story….
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I agree that the lack of venture capital (noting the comments for 1. Ambition) is what is holding back the US right now – and has been for some time. The desire for a quick fix of wealth with little or no risk has been slowly tearing apart America’s economic base. In too many cases great ideas are passed upon and manufacturing shut down or moved overseas because one cannot get that immediate [i]n[/i]th degree of profit from an operation.
But, really, what lessons can we learn from China that we, the West, didn’t teach them over the past few centuries? Hmmm… Perhaps the one about paying the piper his due would be good for both parties to remember.
We are pretty much in a country that thinks money grows on trees. We like money, just we don’t want to invest in those things that would allow people to make money. We love our country, except we don’t like to pay for it.