US is overwhelmingly a "services economy". Meaning, first of all, "financial services". That in turn really means, ownership of businesses or rentable assets (eg land or energy assets or transport network or comms network) located elsewhere in the world, and collecting both the money and the strategic benefits of that ownership.
I think, to talk of manufacturing, China is already far ahead and much more self sufficient than anyone else. The strength of the US system, at this moment, is the ongoing ability to turn previously gained financial ownership of these faraway businesses or rentable assets, into geopolitical power. And then use that geopolitical power to block or at least slow down rivals from cutting into its share of ownership of similar assets going forward.
Perhaps the question of how AI could be applied to finance, business management, and contests over control in the world's quasi-market systems - might be more impactful, than the question of how AI might be applied to manufacturing - where China is already leading, and should be quite confident about at least keeping up (if not getting further ahead) due to the advent of the AI era.
Indeed. The power of a nation-state by no means consists only in its armed forces, but also in its economic and technological resources; in the dexterity, foresight and resolution with which its foreign policy is conducted; in the efficiency of its social and political organization. It consists most of all in the nation itself: the people; their skills, energy, ambition, discipline, initiative; their beliefs, myths and illusions. And it consists, further, in the way all these factors are related to one another. Moreover, national power has to be considered not only in itself, in its absolute extent, but relative to the state’s foreign or imperial obligations; it has to be considered relative to the power of other states. – Correlli Barnett.
"National will " another aspect of power, important or unimportant as it may be. Neoclassical realists like to refer to it because for them, it reduces the importance of structure.
US is overwhelmingly a "services economy". Meaning, first of all, "financial services". That in turn really means, ownership of businesses or rentable assets (eg land or energy assets or transport network or comms network) located elsewhere in the world, and collecting both the money and the strategic benefits of that ownership.
I think, to talk of manufacturing, China is already far ahead and much more self sufficient than anyone else. The strength of the US system, at this moment, is the ongoing ability to turn previously gained financial ownership of these faraway businesses or rentable assets, into geopolitical power. And then use that geopolitical power to block or at least slow down rivals from cutting into its share of ownership of similar assets going forward.
Perhaps the question of how AI could be applied to finance, business management, and contests over control in the world's quasi-market systems - might be more impactful, than the question of how AI might be applied to manufacturing - where China is already leading, and should be quite confident about at least keeping up (if not getting further ahead) due to the advent of the AI era.
Believe it or not, power is multidimensional. Economy and Technology are no doubt very important aspects of power, but not the only aspects.
Indeed. The power of a nation-state by no means consists only in its armed forces, but also in its economic and technological resources; in the dexterity, foresight and resolution with which its foreign policy is conducted; in the efficiency of its social and political organization. It consists most of all in the nation itself: the people; their skills, energy, ambition, discipline, initiative; their beliefs, myths and illusions. And it consists, further, in the way all these factors are related to one another. Moreover, national power has to be considered not only in itself, in its absolute extent, but relative to the state’s foreign or imperial obligations; it has to be considered relative to the power of other states. – Correlli Barnett.
"National will " another aspect of power, important or unimportant as it may be. Neoclassical realists like to refer to it because for them, it reduces the importance of structure.