China winning because it plays long game of chess while US plays checkers, Chris Fenton tells Keiser Report

1 min


112
16 shares, 112 points

Max Keiser talks to Chris Fenton, author of ‘Feeding the Dragon,’ about why the United States is falling so far behind China in high tech, and whether or not it could ever compete against an economy like China’s.

“They play a long game,” Fenton says: “They play a twenty-five, fifty, hundred-year game of chess while we play checkers all day long on share price fluctuations on a day-to-day basis, quarterly results, two to four election cycles, etc.”

This, he explains, creates a “real problem” for the US to invest in infrastructure, and in R&D, while China is “doing that great.”

Fenton points out that in 1993 Beijing said the nation was not going to participate in the US GPS system, and that it was going to create its own. “And, guess what? They have.” In 1997, China refused to participate in a World Wide Web because they wanted to create their own. 

“They are doing the same with 5G and 6G, and they are going to do it with microchips on their 2025 Vision. We are getting left behind,” Fenton says.

For more stories on economy & finance visit RT’s business section

RT


Like it? Share with your friends!

112
16 shares, 112 points

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win

0 Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.