China and USA, a case of thinking and strategic planning versus gangster businesses

But the West’s actions, including Japan’s earlier industrial policies, cannot compare to China’s strategic, comprehensive “all-of-government” approach, which is in a league of its own. The Chinese government draws on the country’s surplus domestic savings to target industries of the future, while marshalling the full resources of the NDRC, state-owned enterprises, state-directed banks and state-supported investment funds.

Trump’s transactional interventions not only lack an overarching strategy; their scope will be limited by a US economy that is short on domestic savings, increasingly saddled with big, ugly federal budget deficits. Moreover, amid a full-blown outbreak of Sinophobia, there is strong bipartisan distaste for anything resembling Chinese-style market-based socialism.  CNA

The above is quoted from an article, Commentary: China plans, America reacts
While China has a strategic planning process, America has neither a plan nor a strategy, says economist Stephen S Roach.

The stark leadership style between America and China cannot be more evident today. One depending on an ancient system of democracy but turning out more like democrazy, electing any Tom, Dick and Harry, to run a modern govt of a scale never seen before. The complexity of todays' govt is far from the economy of cowboys and Red Indians with so many areas of concern and interests that need specialists and well trained professionals to manage, not nitwits, scoundreds, cheats and conmen. 

Trump's cabinet consists of a bunch of D graders acting as if they are the smartest Americans to run the country when D stands for daft, dumb, degraded, dunces, dense, dimwit, disgusting, devious, dunderhead....... There is no way to run a country the size America with makeshift political clowns. Trump is treating the running of America like a mafia don, demanding this and that with threats and terror to get what he wants.

On the other hand, China carefully cultivated and trained an army of bureaucrats and statesmen who are in the business for life, and picked from the best of the cohorts available, not conmen, TV jokers and gangsters.

Their carefully built up national reserves are carefully and strategically invested in technology and industries of the future, not in anything that makes money, or simply going to war to acquire land to build holiday resorts or real estates. Here lies the difference, every investment is carefully thought through by experts with a long term view, not on the spur of the moment because one politician claimed he has connection or know someone and can make a quick buck.

The investments in BRI, investments in ports and infrastructure, solar technology, EVs, high end chips. quantum technology, AI, aeronautics, marine engineering, high speed train etc etc are the manifestation of deep and strategic thinkings, unlike the thinking or no thinking or gangsters and conmen.

Where is America today and where it is heading vis a vis China are all there for the world to see.

PS. This blog may not exist for much longer. Waiting for orders to close shop.