USA vs. China: The Battle for Industrial Leadership Choose a convenient way to support the project ????: ???? https://uadd.me/GTBT_UA Detroit was once the capital of the American and global automotive industry. In 1960, it was the richest city in the USA and one of the richest metropolises in the world. Fifty years later, in 2013, the city was much closer to being called the "capital of poverty" in America's Rust Belt. A metropolis that frightened visitors with the highest crime rate in the United States and a frightening unemployment rate of 40 percent of the city's adult population. However, more than ten years later, the city has changed. It still doesn't resemble the glory years of the Cold War, but the Detroit of 2024 exudes a fresh energy. Today it is a center of modern industry rising from the ruins, with an unemployment rate of 8.9 percent. Detroit's new life is demonstrated to some extent by the Reindustrialization 2024 conference held this June, which brought together more than 500 industrial leaders from across the United States. The session was opened by the author and co-organizer of the event, Chris Power - founder and head of industrial automation startup Hadrian. In media interviews, Power boasts that he came to the United States from Australia in 2019 with only $6,000 in his pocket. However, he believed in the American dream and that the United States needed to rebuild its industry. Just four years later, Hadrian has launched two factories producing high-tech products, generating revenues of $20 million a year. Power would not have achieved such success if investors had not previously entrusted him with $9.5 million, convinced of his business plans. He likes to say that in addition to finance and management, he also studied history. "History repeats itself. In particular, the cycle of the rise and fall of empires," Power often emphasized in media interviews. He also referred to this thesis in his speech at the "Reindustrialization 2024" conference. He began with her words: [clip] “We have turned hard industrial power into financial gain; today we are paying for the mistakes of the 1980s and 1990s. This is the same mistake we all make. This is the same mistake that every great empire makes." These words were carefully listened to by entrepreneurs, mostly as young and energetic as the founder of "Hadrian". Power spoke to them about the huge price Americans paid for the foolish choices made by politicians at the end of the last century. But he did not fall into pessimism. [clip] "The good news is that I still believe that all of us in this room, as well as Americans, have what it takes to become an industrial superpower again," he said. He noted that the US had spent decades building up the "industrial power of the Chinese Communist Party" and it was time to put an end to it as the two superpowers battled to become the biggest industrial power on the planet. The stakes in this game are huge. [clip] "She will decide whether the West rises or falls during this decade." After all, the winner will control the development of artificial intelligence, the development of the Solar System and will dictate his values ​​to the whole world. Finally, the speaker announced that in the United States: “After the Second World War, every generation turned out to be fundamentally less serious. And the USA was built by serious people. Not drunkards, poets and fools, but serious people." When Power finished his speech, five hundred executives and chief executive officers of industrial companies from across the United States gave him a standing ovation. Power and Detroit are personal and physical manifestations of the changes now taking place in the industrial policy of the United States of America. Changes that are expected to reverse decades of negative processes for America that weakened it and at the same time strengthened its main competitor. This change is most easily described by the word "reindustrialization". After decades of exploiting the profits generated by the US financial system, but without fundamentally adding value to the product, the elites of the world's largest superpower are returning to basics - producing and controlling the production of physical goods. How does it manifest itself, what does it mean, and why can Donald Trump and Joe Biden shake hands on this issue? Let's find out. Welcome to the Report of the Twenties. The video is voiced by the RadioSound studio - https://www.rspro.studio