China seems to be regressing a bit, but South Korea, I can believe it.
That’s funny. My crystal ball sez China will be a sea of glass by then.
But mine may need new batteries.
Comments? Yea, who will the Chinese steal their ideas from?
Generally, it appears the authors assume stasis by the US and growth on a continuously increasing curve by China and SK.
Those who believe that should invest in China and SK, and liquidate any investment they have in the US. It would be the only sane thing to do.
If they actually believe it.
“China and South Korea will displace the West as the world’s innovation leaders by 2029”
Sssssoooooo, Science, Technology, Engineering, and Mathematics (STEM) are so passé. Do the kids in China and South Korea know ALL about anal sex, abortion, and all the proper “preferred pronouns?” No....I didn’t think so, so they can’t be that smart.
My apologies to the moderators but my comment here is >bullshit<.
China doesn’t innovate, they mimic and steal ideas that are created by other people. South Korea has some wonderful companies but what they do is produce products that are mostly designed in the USA.
These people do very little innovation of their own mostly because creativity and innovation are shameful behaviors in their cultures.
Ping for your interest.
What happen to the Japan will run the World thing ?
The 2011 America Invents Act seriously damaged the value of American patents. They are no longer secure.
They are now subject to innumerable challenges after they have been issued, costing firms millions of dollars to defend them in the PTO’s post issuance tribunal, the Patent Trial and Appeal Board.
None of the legal protections of normal Article III courts exists in this PTAB court. There have been cases of stacking the board to get outcomes desired by senior PTO officials. Patent owners have been denied discovery in these trials.
The PTAB is being called “the Patent Death Squad” because it has an incredibly high rate of invalidating patents- IIRC it approaches 90%. And it appears to be acting as an agent of patent destruction for the benefit of tech giants that prefer not to pay for the intellectual property that they incorporate into their equipment.
The tech world shamelessly calls this “efficient infringement”- meaning that it costs less to steal IP and defy the infringed firms from collecting in court, than it is to pay a royalty for the use of the patented IP. And if you can get the PTAB to invalidate the patents that you are using then you are home free. This was especially true when Obama had Google’s Michelle Lee running the USPTO.
The net result of this is that firms are now seeking patents outside of the USA instead of here. There is no point for small firms to develop new technology only to have it stolen, blatantly, and too often with what appears to be the assistance of a (corrupt) government agency.
Our public schools make it likely that the USA will lose the edge in innovation. Many of the brightest go through non PS paths of education but there are not sufficient of them and the less motivated but equally brilliant lose out and our pool of effective genius is shrinking. Once upon a time when we used immigration to our benefit, we induced the young wizards of the world to get their higher education at American universities which were the best in the world, then we kept them. Gave them resident status and hired them in our leading edge companies so that the USA had a near monopoly on the smartest most innovative people in the world. Now we are in a dither to push them back to their home countries and we lose that pool of innovativeness and capability while enhancing those qualities in the rest of the world. We are not losing our edge so much as giving it away.
I’m not sure about China but South Korea sure will.
It’s the result of our willful destruction of our education system by three major policy decisions made in the 60’s and 70’s.
To advance students based on entitlement instead of merit.
Telling students what to think instead of teaching them how to think.
The elimination of discipline in the schools.
We used to have the best school system in the world many advancing nations have modeled their school systems on that model in particular South Korea. Meanwhile we have embraced the old discarded Soviet school system of selected entitlement over merit.
Fake News! China doesn’t now and never has innovated. They are parrots and are great at copying and maybe making a process more efficient (if you find slave labor acceptable). I think the fear of China taken over comes from people who don’t know many Chinese people
For China, all semblance of tech innovation is due to tech transfer, both legally and illegally, from the US. Period.
South Korea, it’s like Taiwan. Stolen tech for the most part, with use of our research colleges to develop the other part.
But, all the experts know that Brazil will replace the US as the global economic engine by 1970. Why, they even made a spiffy new city shaped like a jet airplane!
The article rightly mentions the bottleneck of the US patent office.
This, like every other part of our government has been taken over by leftists and globalists. These forces are doing all in their considerable tax-supported power to bring the US into a third nation status.
Our patent office is answering to our proven very corrupt Military-Industrial-Academic-Intelligence deep swamp. They kill the most innovative scientific advances by denying patents through placing them into the black hole of “national security,thus smothering them in secrecy. Those filing these patents are ordered to quit work on these projects or be prosecuted.
Instead, the government funds research that is steered to where the most powerful lobbyists want it to go.
In addition to that, we find our own government funding some basic foreign research. These foreigners are granted patents in their own countries.
And, finally, we are subsidizing China and most other nations by letting them come to our best research universities and pick the low hanging fruit of our research and technology and sending it back to other countries. The slickest operators in this “friendly” academic and industrial espionage have always been Japan and China.
We are literally giving away our intellectual property to our enemies. We always have and we must stop.
And finely, in my opinion we must eliminate all the rules and regulation against the lone inventor and small businessmen who do most of our primary invention.
We must realize that most of our highly innovative high tech is created by individuals working in their garages or small home hobby shops.
Can we change this? We’d better or we will be swamped by first class innovators that don’t like us very well.
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Yes, sure, could happen for South Korea. China - not so sure. The US will still be in top 10 as innovators, so I think there is little to fear.
Diversity is draining the US of creativity, individual thought, humor, and freedom of speech. Add to that the percentage of innovations that have occurred in colder-weather climates. South Korea has had a remarkable history since the shooting stopped. I could envision a united Korea as being a very powerful and successful nation.
Thieves don’t innovate.
They may imitate but, the don’t innovate...
China hasn’t innovated since the fortune cookie.
Very possible. I worked with a bunch of Chinese once. They were well educated and motivated. Happy people, too.
As we turn education into participation trophies and liberal indoctrination centers, China is busy educating their people.
I just love political and economic crystal balls, because you don’t really need to know the future, in fact you can’t; you just need to know only what facts are available today, and pretend no kind of changes could possibly alter the importance of any present facts. /sarc
Oh, most prior crytsal balls on economics and politics have, when looking a decade or mroe ahead, have been wrong. Why? Events that were not predicted altered the importance of earlier facts and added new facts that altered priorities.
How many such crystal balls predicted “peak oil”?