EADSY - China's Democracy Vs The U.S. Tweetocracy
A world made by followers
In the 1970s at the beginning of what western economists later called an East Asian miracle Japan became the first industrialised nation in East Asia. It did so by copying products and stealing intellectual property rights, IP, from the west. It relied on low cost labour at home to produce low quality copies at low prices to gain sales. Its Ministry of Technology prioritised a narrow range of products that could be sold world wide in large volumes such as consumer electronics and cars. It placed huge barriers to entry