I agree with this analysis in general, but I don’t think the situation is as bad as implied.
DAVID P. GOLDMAN:
“…We’re getting our heads handed to us. I don’t like to be the bearer of evil tidings, but I hate losing. The only I hate more than losing is trying to make ourselves feel better while we’re losing, rather than winning. We need to wrest the initiative in high tech from China and re-establish American dominance in telecommunications, computation, artificial intelligence, materials science, chip design and lithography, manufacturing, and other key fields. I don’t care how much it costs. If we don’t spend the money to ensure America’s number one position now, we’ll go broke in any case…”