| ▲ | FooBarWidget 2 hours ago | |
What is "wrong" is that they have a culture of being conversative when it comes to 0-1 innovation. Everything is set up to reward concrete results. With 0-1 innovation you have no idea whether it's viable, so few people have the risk appetite and would rather pursue proven venues. But westerners also underestimate the importance of 1-10 innovation. Scaling manufacturing and iterating on existing concepts are not at all trivial, and are also very valuable. 0-1 and 1-10 are complementary. Unfortunately, many people deliberately turn this into a pissing contest by accusing the Chinese of "only being able to steal" while ignoring how their own country is unable to produce basic goods like masks on a large a cheap scale, and can't fix a brige for less than xx million. | ||