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‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot (www.theguardian.com)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 2 days ago

This conclusion was foregone when China began to focus on developing the Productive Forces and the US took that for granted. Without a hard pivot, the US can't even hope to catch up to the productive trajectory of China, and even if they do hard pivot, that doesn't mean they even have a chance to in the first place.

In fact, protectionism has frequently backfired, and had other nations seeking inclusion into BRICS or more favorable relations with BRICS nations.