Western arrogance vs Chinese pragmatism5 Sep 2024 18:44
Having bought a large number of shares in emh (again) these last 2 weeks, a thought came into my mind. Have we (Westerners) been led a merry dance thinking that we still have it wrt engineering,entrepreneurship and leading the way? Are we now playing catchup and if we are, can we eventually move fast enough in order to become a major technological superpower to compete? I’m not talking in emh terms here but undoubtedly it plays a part. The EU for all its talk of CRMA and the need to move quickly seems to be the perfect example of what I’m trying to say. Make plenty noise but hamstring this with endless consultations, meetings and long timelines. Meanwhile, the Chinese get things done, steamroll any opposition and encourage the very people who have a vision on how to move forward.