Industrial science and technology is the primary productive force, but the investment in industrial science and technology is large, the threshold is high, the cycle is long, the risk is high, and the profit is low. Capitalists don't like to engage in industrial technology, they like to engage in usury, real estate, games, e-commerce and other industries with high profits, low thresholds, and fast money.
The industrial science and technology of developing countries are very backward, and under the conditions of a free market economy, the industrial products they manufacture cannot compete with the developed industrial countries of Europe and the United States, and the industrial enterprises of the developing countries will soon go bankrupt and go bankrupt in the free market economy.
Capitalists do not like to engage in industrial science and technology, and even if they do, they will quickly go bankrupt and go bankrupt. You can only become a distributor of European and American products, and make money as a comprador. Or you can only take advantage of the low labor cost, frantically exploit workers, and make money by assembling products, but without a solid industrial foundation, you can't carry out industrial upgrading, and the economy will stagnate or even regress as soon as labor costs rise. This is the so-called middle-income trap, as is the case in countries such as the Philippines and Thailand, where economic growth without the development of industrial technology will eventually be beaten back to its original shape.
The reason why China's industrial technology can develop is because it is against the free market economy. The capitalists do not want to engage in industrial science and technology, and the first era is to concentrate resources in the hands of the state, force industrial science and technology, and prevent European and American products from entering China, so as to establish a solid industrial foundation for China.
At the same time, it has given enterprises a lot of subsidies and policy support, given enterprises enough time to learn, research, and accumulate technology, so that enterprises can grow and grow.
China has given a lot of subsidies and support to enterprises, and the money comes from the most profitable industries such as banking, insurance, energy, and tobacco, all of which are in the hands of the state.
Why is the development of industrial science and technology in India, the Philippines and other countries very slow, because the easiest industries in these countries to make money are in the hands of private capital, why do private capitalists take money to support the development of industrial enterprises, what does it have to do with them, they need industrial science and technology products, buy Europe and the United States directly, and if they are uncomfortable, they will directly immigrate to Europe and the United States.
Originally, industrial science and technology were very backward, without strong support, the industrial enterprises of these countries, in the competition with European and American industrial powers, soon went bankrupt and closed down, the national industrial base was destroyed, and the economy was locked at the bottom.
There are more than 190 countries engaged in free market economy, but after World War II, the countries that achieved industrialization are only China and South Korea, South Korea is a colony of the United States, with the help of American capital and technology, only China is developed on its own, and the economic growth without the development of industrial science and technology will eventually be beaten back to its original shape.
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