Inventing a manufacturing technology and building a competitive industry on it are separate achievements, and America has repeatedly done only the first.

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• A country cannot have radical technological breakthroughs and also refuse to tolerate uncomfortably rich people, because the financial system it resents is what funds the innovation. KJKeyu Jin13 Aug 2025Americainnovation
• America will keep leading on zero-to-one breakthroughs, but it is diffusion that decides how much productivity a technology actually releases, and China is better at that. KJKeyu Jin13 Aug 2025Americainnovation
• US export controls produced China's chip breakthroughs rather than preventing them: while China could comfortably import American chips, its own industry stalled for twenty years. KJKeyu Jin13 Aug 2025Americainnovation
• A competitor six months or a year behind the frontier can stay close, because the cost of AI falls more than tenfold every year. JHJensen Huang8 Jan 2026innovation
• A model company may face a winner's curse: it does all the hard innovation and is then one copy away from being commoditised. SNSatya Nadella12 Nov 2025innovation

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