Comment Re:Short Sightedness Led to China's Dangerous Rise (Score 1) 23
It's short sighted of a special kind, even.
2-3 decades ago, it was car manufacturing. Every car maker by then knew that the Chinese would steal the tech. There's a famous example of a Mercedes Benz factory making busses which for the first year or two sold like hot cakes. Then demand suddenly vanished. Research found that the chinese joint venture partner (you had to joint venture in those days, not sure about now) had copied the entire factory, brick by brick, one city away. An exact copy making the exact same busses, just without Mercedes Benz in the loop. And, of course, slightly cheaper.
Everyone knew that.
And yet everyone went to China. They figured that it was still profitable to accept that risk.
Of course, the fact that CEOs these days change every few years and get a severance package large enough that they can immediately retire doesn't exactly make them long-term thinkers.