technically, private ingenuity created opportunities, where people with money invested in knowing the products produced will make millions.
When China first started its commitment to growth through a Technocracy, they had virtually no inventiveness, no engineering, no -- Nothing.
What they did have was a gigantic work force but nowhere for them to work.
So they came up with the idea of -- They would build Factories using German and Japanese Engineers, American Machine tools, American Know-How and --
Rent them out. If you have an idea to build a better mouse trap, and you believe in it and it's a good idea....... You can RENT a Factory in China for a Period Certain. A month, a Quarter, A year.... Whatever.
That Factory will supply you Labor, Machines, Tooling, etc. You have to get your own Raw Materials but the Chinese will help you find it and they will supply supervisory personnel as well....... To a point.
Financing is a nother matter. The Chinese want their money up front. No bullshit. Up Front money or take a hike, So you're going to need an investor. Maybe a Venture Capitalist or even an Angel Investor. But you gots to pay up front.
When you're done, you're kicked out of the Factory and the Chinese start retooling for the next Lessee. They don't care if the product is good, bad, wonderful, junk or whatever. They don't care if you can sell it or if they have to throw it into the South China Sea but it needs to be gone at the end of the lease.
As far as Quality Control goes, that's on you. They have supervisors but they only supervise the workers, they couldn't care less about QC. That's up to you. And, trust me, you have to watch them. The Chinese are different from us. That's putting it mildly. You gotta watch 'em. 4 cereal
A lot of people have gotten really rich doing this. You see a Market for -- Whatever.... A Tractor part, an Autmobile Part, a new gadget or something as mundane as plastice dinnerware..... Rent the Factory and pump it out.
Sometimes the project fails. Oh well, everybody has a bad day now and then.
But that's what drove the Chinese explosion onto the scene. Believe it or not, most of it was Americans with American Ideas but you can't get anybody in this Country to ******* build anything and if they do, they want to own it.... Forever. Your idea but they want to make all the money and give you 0.001 percent of the profit. Then own whatever patent or copyright on it. And they won't stand behind either.
Unions were a big, really big, I mean REALLY BIG, part of the problem. They dictated to factories more than you can imagine.
The Chinese have changed a bit now. They're doing more In-House stuff these but there's still a lot of what I just described going on. Other Countries are picking up on it too.
It's complicated. But we -- Americans, are the innovators in this World. Always have been. The problem is finding somebody to make it.
Back in the day, Henry Ford could start out of his garage. Today? You need to be looking toward China.