If China’s economic ascendancy happened 50 years sooner we would probably already have it. Democracies are allergic to massive capital investments that take decades to pay off.
Obviously the graph is very out of date, US funding is around 600 million 2012 dollars annually and China’s is double that.
Only 75 more years to go!
If China’s economic ascendancy happened 50 years sooner we would probably already have it. Democracies are allergic to massive capital investments that take decades to pay off.
Obviously the graph is very out of date, US funding is around 600 million 2012 dollars annually and China’s is double that.