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Is China a Leader in Prosperity?
If, hypothetically, you can steal the innovations of other people with impunity, you don't necessarily need to be the creator of the innovation to benefit from it. There's always this problem that the country that's most inevative gets very angry about other countries knicking their stuff. My view on the whole is that you shouldn't worry about it. You should, if necessary, sell the stuff to them. That's just creating a market for you. Yes, thate's indefinitely not. And we can't predict these sort of leg pockets of geographical concentration in advance. I think that's probably a fool's errand. But when they pop up, we can y faster than and