Reply to post: "economic Darwinism"

US China-watcher warns against Middle Kingdom tech dominance

LDS Silver badge

"economic Darwinism"

Darwinism means to be able to adapt to changing conditions - many western economies built systems where they are no longer able to adapt - offshoring production skills and technologies and losing them makes you less adaptable and more dependent. And it's even worse when you depend not on trusted allies, but potential enemies.

Bad capitalism look at it from a pure short-term costs perspective only - and how much it fattens their bonuses and stocks - but in the long run they become the dinosaur who can't adapt quickly enough and become extinct. I'm sure there were an Accountantusarus and Ceosaurus Rex who told the others "don't worry, our ecosystem is strong...."

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