Building widgets is not a high-profit industry, and every country that got good at building widgets wants the high-profit industries that the US had: tech and biotech and science in general.
Not recognizing the US's massive wealth and strength, and climbing down the value chain to imitate China, is a recipe for the decline of the US, which is being followed today.
Yep. Also an issue: the high profit industries are abused by pump and dump scammers like Vivek Ramaswamy who had his doctor mother run a phase 2 clinical trial on a struggling Alzheimer's drug he bought from GlaxoSmithKline before he cashed out and it inevitably failed phase 3 trials.
We're moving in the opposite direction of ensuring that capital is allocated productively in said industries by destroying regulations and agencies like the CFPB, FTC, SEC, and by giving platforms and political power to the cheaters and fraudsters who have infested the Republican party.
Not recognizing the US's massive wealth and strength, and climbing down the value chain to imitate China, is a recipe for the decline of the US, which is being followed today.