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China is writing the world’s technology rules
(www.economist.com)
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The closing paragraph really gives the game away, but can't expect any better from The Economist:
So in the process of being spooked by China, the world's largest manufacturer of electronics, having some influence on standards, the West refers to letting the biggest pile of capital set standards for profit as a 'bottom-up approach'.
China now being more capable at playing the same game they been playing for decades is framed as a terrible injustice. They are crying that they used to be able to set standards that relied on privately owned intellectual property that generated easy profits for years or even decades.
The tribune of the aristocracy of finance. — Karl Marx^[^^1^^]^