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The East Coast and Europe haven't replicated Silicon Valley's success due to a lack of high-trust environments and fear of missing out, which drive risk-taking.
China's scale in manufacturing and its chokehold on industries like rare earth magnets pose significant challenges to the West.
In the 1970s, less than a dozen countries were capitalist democracies. By 2000, liberal capitalist democracy had spread across Latin America, Asia, Eastern Europe, Africa, and Southeast Asia, showing a significant global shift towards capitalism.
The rejection of capitalism in various countries, including Latin America and parts of Asia, is seen as a reaction to psychological issues outweighing material benefits, or a lack of understanding of capitalism's benefits.
China's dominance in the solar industry is seen as a national success, despite low profit margins for companies.
China's competitive advantage in AI is significant due to its entrepreneurial spirit and large number of AI engineers.