I love seeing this analysis of the US from a Chinese perspective. Author is spot on (if just a touch ableist at the start but chalking that up to cultural differences)
Third, what has been the real outcome of U.S. initiatives such as the CHIPS Act, the Inflation Reduction Act, and the $1.2 trillion infrastructure plan?
How many charging stations have been built? How many new railways, roads, and bridges have been constructed? What kind of impact has this had on the U.S. economy? How are the new chip factories progressing? What is the output of these new chip plants? How many computing power centers have been built in the U.S. using advanced computing chips? How many companies are applying large-scale models in ways that are truly creating value and driving productivity growth in the U.S.?
The U.S. economy currently relies on opening and closing the floodgates—too much water? Shut them. Too little water? Open them. Other than that, they can’t produce anything substantive. Their industrial policies, manufacturing reshoring, and infrastructure development are merely a joke. The entire U.S. is caught in a massive bubble.
I love seeing this analysis of the US from a Chinese perspective. Author is spot on (if just a touch ableist at the start but chalking that up to cultural differences)