State-controlled innovation systems fundamentally fail because they kill genuine innovation by eliminating market competition and instead rely on stealing intellectual property from other nations, as demonstrated by China's alleged $600 billion annual IP theft from the US and their attempt to recreate American technology through DeepSeek by stealing IP and illegally obtaining restricted chips.
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China stole $600 BILLION from the US!Ajouté :
It turns out when you nationalize all innovation, you kill it. The solution is you rob everybody else of their IP and then you try to recreate it. Some reports suggest that Chinese IP theft cost the United States alone up to $600 billion per year. And again, that's what they did with DeepSeek. They basically robbed a bunch of IP from the United States and they tried to get chips they weren't allowed access to and hooked those all up. Does that mean they could out compete us in a true competitive market? The answer is no.
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