> That's silly. 15 years ago, China celebrated finally being able to domestically make a ball point pen. Why?
> Because the steel ball needs to be a perfect sphere, and no one in China could produce such finely honed materials prior to then.
This rumor has been refuted many times. It is not hard core science to produce such "finely honed material", no one bothered to make it because the total market volume is way too small for typical modern steelmakers. Only 100 tons of such "finely honed material" is consumed in China each year and it is declining for obvious reasons.
There were heated debate in China for the particular matter - should China enter all such tiny specific segment to compete with every country. You don't need a smart brain to come to the right conclusion here.
> If something has value, and would this ever have value!!, trillions will be spent, over 20 years, making it cheap to do.
Obviously this is not the case.
Americans are not building high speed rails, not because it doesn't bring in the so called value, it is because such investment would threat the interests of those airliners. How much the US invested in high speed rail in the last 20 years compared to its total $ spent on wars?
It is also lagging on productions of EVs, maybe EVs don't bring in values? LOL
> And those improvements in manufacturing capabilities will spread through all otger industries, the entire ecosystem improving itself over and over.
until you get yourself de-industrialized and then it is over.