OK, so China has cheap labour and can compete on IP and will deliver the quality.
What's left for the west but simply to act as consumers?
What is it that China does that we should do? (or should have done already because its probably too late now.)
How does the west compete?
We are not self sufficient in food or energy we have high labour rates, devastating taxation, a growing population and a falling/failing economy.
We are paying a tax subsidy for an energy source we increasingly look like we have to have because government has not made the commitment necessary to secure our energy future based on "clean coal", gas, oil or nuclear.
We will pay a carbon offset to China and we buy our wind turbines and our solar power plants from them.
They have already bought up parts of our car industry, they have bought into most of the critical mineral and fuel resources around the world so we may not even have access to the resources we might need to get ourselves back together.
They effectively "own" the Panama canal, built and paid for by the Americans, they own great chunks of docklands, harbours, and shipping.
You know, China is even self-sufficient in consumers... they really don't need the west for much, and soon wont have any use for us at all.
I wonder what happens then?
Is there a reason they are talking about space wars?
Looks like we are well and truly shafted, does it not?
Or does it?
Any ideas?
JMW