Is America falling behind China and other nations in the "technology war?" According to many analysts, we are already decades behind China in the development of AI technology, and 5G dominance by China has left us in the dust.
How did the country of Alexander Graham Bell, the iPhone and a handful of telecom companies that rake in billions of dollars allow China to surpass us in this crucial technology? Why wasn't the crucial R and D investments made in the last decade?
The U.S. record in this tech rivalry with China stands at 0-2. The U.S. lost a major battle that it didn't even realize it was fighting when China, over the past decades, established monopolies on several critical rare earth elements and a few other strategic minerals. This will prove to be a major strategic defeat as these elements are the building blocks of many of this century's emerging technologies. Smartphones, and even some U.S. weapon systems, don't work without these rare earth elements.
Then there is the battle for 5G dominance. If you thought we were leading the world in 5G technology, think again. The U.S. is falling behind in the 5G race, while China is sprinting ahead.
In order to catch up and gain a 5G edge, we need to invest lots of money in Rand D. 5G technology is critical in the tech war on several other battlefronts. Aviation, space technology, biotech, quantum sciences, robotics, military technology and artificial intelligence. Unfortunately for us, China has the market on rare earth elements. If the United States had the will to compete, they could end China's rare earth and strategic minerals monopolies. Until that happens, we cannot compete.
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