For years the international business press has been reporting about the dominance of the Chinese business acumen. It hasn’t really mattered all that much which side of the Atlantic or Pacific Oceans the media companies were headquartered. Yesterday may have marked a significant change in this commentary. Americans now need to worry about the emerging dominance of the Chinese startup culture.
According to the headlines of a Financial Times story, Tech’s next 25 years belong to the world not the US. In the story, a Silicon Valley venture capitalist talks about how foreign competitors are watching much more closely than those in America. He bases this on the number of emails he received in his inbox after Apple’s earning report. His conjecture is that because non-US companies are more vigilant. US companies are doomed to fall behind.
The future is hard to predict. And there is nothing that guarantees the success of American companies for the 25 years. A better determinate of American success is the amount makerspace development that takes place. As the Financial Times states the world is more connected than it has ever been. Communication moves much faster than it has ever moved before. What’s missing is the acknowledgement that communication moves both ways.
More makerspace development will mean that Americans can respond to techno economic changes in near real-time. More makerspace development will mean more conversations about industry trends. America is blessed with an abundance of creative energy. What’s needed is more makerspace development. So that American creatives will have access to the tools they need to build a better life for themselves and their families.