History explains why China will defeat the US in the economy of the future: something similar happened 2,000 years ago
Perhaps history does not always repeat itself, but what is certain is that there are events and cycles that resemble each other a lot. Not only due to the conflicts, wars, or rivalries that last for centuries, but also other lesser-known events are repeating today with different protagonists, but with very similar underlying or background situations. A clear example is what has happened with the US attempt to prevent China from accessing the most advanced chips in the world. Although it is now easy to analyze and qualify this movement with the advantage of hindsight, the truth is that if US leaders had studied history, they would have seen that something similar happened thousands of years ago with a similar outcome.
The US has been implementing restrictions on the export of advanced semiconductors and related technology to China for some time now, with the main objective of limiting Beijing's ability to develop its own high-end chip manufacturing capacity and to autonomously produce sophisticated goods that require large quantities of these chips. The ultimate goal was to hinder China's advances in artificial intelligence, supercomputing, and advanced semiconductor manufacturing. Ultimately, the result has been the opposite. China has turned necessity into virtue and has managed to create its own chips and machinery, which for now seems to be more efficient than that of the US.$FUN