dtech
Well-Known Member
FWIW, AI compiled comparison between US industrial development and that of China, extracts from https://www.construction-physics.com/p/how-china-is-like-the-19th-century, how China is like 19th century US, copying is arguably much easier now because of global technology sharing, not trying to exonerate China from some of their trade practices , copying, dumping etc , however prior to unions and other laws US factories employed children and workers did 12 hr shifts often in unsafe working conditions and in place like Carnegies steel mills were paid wages as low as .25/day , most around .40/day. And today China ranks 2nd behind the US in billionaires.
China's rapid industrialization since 1978 mirrors the U.S. in the late 1800s through unprecedented, rapid growth, massive infrastructure development, and urbanization, shifting from agrarian economies to global manufacturing leaders. While the U.S. led in the 19th century with technological innovation, China's modern rise is characterized by faster, state-led industrialization and, in 2010, its per-capita output was comparable to the U.S. in 1878.
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Key Parallels:
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China's rapid industrialization since 1978 mirrors the U.S. in the late 1800s through unprecedented, rapid growth, massive infrastructure development, and urbanization, shifting from agrarian economies to global manufacturing leaders. While the U.S. led in the 19th century with technological innovation, China's modern rise is characterized by faster, state-led industrialization and, in 2010, its per-capita output was comparable to the U.S. in 1878.
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Key Parallels:
- Scale and Speed: Both nations experienced rapid, unprecedented industrialization, shifting massive populations from rural to urban areas.
- Manufacturing Dominance: Both became the world's leading manufacturers during their respective booms.
- Infrastructure Investment: Intense focus on building infrastructure (railroads in the 19th century U.S., high-speed rail/internet/energy in modern China).
- Economic Phase: Both transitions occurred as part of a transformation from poor, agrarian societies into industrial powers.
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- Development Speed: China’s industrial transformation has occurred over roughly 40 years, much faster than the 19th-century US expansion.
- Per-Capita GDP: Despite rapid growth, China’s per-capita GDP in 2010 was similar to the U.S. in 1878, indicating a different development stage.
- Role of Government: China’s growth is driven by state-led investment and policy, whereas the U.S. model was more driven by private enterprise and "laissez-faire" capitalism.
- Global Position: In the 1800s, the U.S. was a rising industrial power challenging the UK
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