Innovation Nation

China is the new innovation nation.

Well that’s their goal anyway.

A couple of years ago manufacturing peaked as a percentage of Chinese GDP and now it’s on its way down.

Services are rising, as they are everywhere else in the developed world, which forces manufacturing downwards in percentage terms.

Fortunately for China we are in the IT century where innovation seems to be mainly concentrated into IT, an engineering field.

What this means is that information and code can be combined to reduce the costs of the marketing and delivery of goods and services.

Innovation in this sense requires virtuality no invention. That is, it’s bloody easy. There’s more ideas than capital, so all you need is capital. And a captive market with money to blow.

It would seem to me that China is a shoe-in to innovate in this century especially as their government is pretty adept at excluding Western IT companies from operating in China, thereby giving the locals time enough to copy.

Completely new Chinese ideas? Just keep pushing money into them to buy an audience. It works just about everywhere.

Innovation. A piece of piss.