Same statement was made about Japan in the 1980s, and look at them now.
Then again, at the same time Reagan's OMB director Darman famously said, "Potato chips or silicon chips, who cares? They're both just chips". Even then I thought he was wrong.
Then again, at the same time Reagan's OMB director Darman famously said, "Potato chips or silicon chips, who cares? They're both just chips". Even then I thought he was wrong.
What, look at the fact Japanese cars out-sell American ones three decades later (~12% vs ~19.6%)? American car makers were even trying to copy their methods in the 90's (NUMMI & Geo, Ford+Mazda, etc...).
Japan, on the other hand, is a basket case, and China faces a similar demographic hurdle.