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Comment by kev6168 | Hacker News Reader

Short-term gain, long-term loss for the American consumers. If the Chinese will simply copy and crush many honest businesses then not many people will want to spend on R&D, on developing novel designs. The result is stagnation in innovation and the decline in business ethics in the market.

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You probably have not seen how it really works in China:

https://www.bunniestudios.com/blog/?p=284

https://www.bunniestudios.com/blog/?p=4297

There is no "stagnation in innovation", in fact I'd say things happen much faster because there's far more competition.

There absolutely is a loss of "savoir faire" in the west in every industry China has completely taken over. Furthermore we basically exchanged real growth for credit backed one AKA fake growth, because of all the real jobs moving to China. That's why we have all these housing market crisis. It is something the west will deeply regret 20 years down the road. Business is war, globalism won't change that fact.

Heh, you should see the current housing bubble that rages through out china today. The large amounts of fraud, the huge amounts of capital flight, the government backed credit bubbles.

  > "savoir faire"

I don't understand this phrase. All the definitions i found seem to be about personal behavior. Is there an alternate definition? What are you trying to convey?

"know how" in French

In french is the term restricted to an individual? All of the definitions I found see me to relate to "know how react/behave according to prevailing social rules", eg: "the ability to behave in a correct and confident way in different situations".

OP seemed to be referring to technical competency for an entire industry.

I've only ever heard it used in the context of an individual, along the lines of "does this guy have the know-how to lead the dev team?".

Thank you for indulging my pedantry.

Yes, the intense competition drives minor incremental improvements. Not capital-intensive major inventions.

and because the manufacturing happens right then and there.

the proximity to people in charge of manufacturing the products also increases innovation- they see problems firsthand and can contribute to solving them.

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