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jfern
Atlas Institution
Posts: 53,886
Political Matrix E: -7.38, S: -8.36
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« Reply #1 on: May 01, 2012, 10:13:41 PM » |
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I see a few reasons why China is kicking our asses.
1. They aren't burdened with a terrible patent system 2. The Yuan is quite undervalued. 3. Engineers are more valued in China by society, and some of the politicians are engineers versus here where the politicians tend to be more short-sighted. 4. Lower labor standards, slave labor, lower environmental standards.
Of course changing the tax code and trade agreements could help quite a bit too.
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