We need to worry when China gets to become the biggest consumer market. We are still some ways from that but it’s not a question of if but when.
As long as they keep consuming US higher education products, its all good to me.
However, I don’t see them setting standards anytime soon. Given that intellectual property has no value in China I can’t see the incentive, from a free market standpoint, to innovate in that area. There is a very good reason that all the best tech comes from the West.
Anyways, from a quality-of-life perspective, the average American enjoys a much richer experience than the average Asian. But we both trail the Europeans by a significant margin.
