But then how will those poor executives get their 3rd 500ft yatch? They will be laughed at for not owning their own senator. Think of the poor millionaire
Not true. When Biden took office he stopped the keystone pipeline in Alaska. And for the next several years he made it extremely hard for oil companies to drill. So no the oil companies do now own our government.
It's what happens when students have to study real math and science from an early age, instead of having social justice and critical race theory shoved down their throats.
But the country that figures out fusion will have an advantage over everyone else. Unlike in the 1980s when U.S. giants like G.E. and Westinghouse were building fission reactors in 3rd world countries including China, it will be Chinese giants building fusion reactors in the 3rd world. Including the U.S. which is rapidly turning into a 3rd world crp hole.
The graphs you've shown are misleading. It seems like China's government is spending as much as US private investors are on fusion, when in reality if you sum up the numbers, US is still outspending China by 3-to-1, it's just that this investment is led by private sector instead of public one like in a communist country.
WSJ highlights the contrast between U.S. and Chinese public spending from the start at 0:10, but they do not add the counterpoint of higher U.S. private spending until 5:34. I think they omitted that stat at the beginning to make a better structure for this story, rather than to mislead viewers.
@@broadestsmiler I think the point is that the private sector is spending all of that extra money despite not having a significant advantage over China. It makes you wonder where that private sector money is going
I work in the industry, and nothing will be built by 2035. There are significant challenges such as enough superconducting tape for the magnets or breeding the fuel. This is a very poor article. You😊 have done little to no research on the matter. Very flippant, I expect better from WSJ.
In engineering, having a great idea is just 1% of the work, the rest 99% is building it. If someone else builds your idea, you can't really say they copied you. (Especially when you didn't build it yourself, because they likely found and solved new problems in the process)
Countries that lead the world in 44 critical technology* sectors: 1. China = 37 2. USA = 7 3. UK = 0 4. Germany = 0 5. Japan = 0 *In fields like defence, space, robotics, energy, the environment, biotechnology, artificial intelligence (AI), advanced materials and key quantum technology areas Source: Australian Strategic Policy Institute (ASPI) .
@@the_rzh OP is alluding patent troll. Company that patent or buy tons of idea from other company, but never produce anything. I am not sure if the company in the video that claimed Chinese company copying is one of those trolls.
@@the_rzh bro... we could have made this in the 90s and nothing happened for 2 decades. Patent something to then put it in a shelf is extremely messed up.
So China is investing in future tech, and the USA is investing in drill baby drill. It's like the US lost all of its ability to build a better future...
US wants to see ROI now. Fusion tech could be a loss of investment if they can't bring it to production. Right now, they are spending more energy than generating it from fusion. Different mentality. Only reason US is still considering this potential losing business is because of China... otherwise, this could be sitting for another 50 years.
always biased and jealous reporting...🚮 Sometimes you just need to admit that some people are better than you at something, so u can progress yourself .
Everybody is outspending the us. It is not the Chinese or the Americans, but the Europeans who spend the most and who have the biggest reactors. The world’s largest fusion project, designed to demonstrate the feasibility of producing more energy from fusion than is consumed. It is the most advanced experimental fusion reactor is being built in France. Other than the Americans, the Europeans do work with China, Japan, Korea and even Russia. By far the most Tokamak’s can be found in Europe and the UK. Maybe it would be better to work with the Chinese instead of seeing them as the enemy? If the Americans think that the laws of physics are different in the US than in the rest of the world, hey might be in for a big surprise.
Are they? Europe isn't a country though. It's hard to argue they are a single entity. It's not uncommon to see separate development among their countries. But yes, nuclear power should really be universal... it'll really solve world energy issue forever
I realize the point of this video (to get more funding for government-led fusion projects) but this is missing the point. Climate change is going to effect the entire world. It's imperative that China and the US work together. During the Cold War, the Lacy-Zarubin agreement worked to get American and Soviet scientists to work together in fields that had a mutual benefit to both countries. There should be a similar agreement between China and the US. Working together to solve climate change is much more important than competing against each other for a goal that will ultimately benefit everyone in both countries.
the point of the video it to get the US government to invest in private projects without getting any equity or share of the profits that may be generated.
@@posthocprior It is the request made at the end of the video. "public/private partnerships" like commercial space launches. The US has invested in SpaceX and ULA but does not recieve any equity. The fusion industry wants the same subsidy and expects to keep any profits.
@posthocprior We already got such a collaborative fusion project: ITER. While the intentions behind it are great, I wouldn't qualify ITER as a success story. I think it is quite the opposite, ITER's organizational structure got very complicated and is best described as a next to unmanageable mess. It is a shame that the majority of nuclear fusion funding worldwide has been sunk into that specific technological approach (Tokamak) for decades. It would have been better to fund several other technical alternatives first before settling on a specific approach.
Well, I still don't think it is a bad thing that CCP made all clean energy equipment much cheaper now. Is that a wonderful thing for the entire global environment?
@@Amen6magiIf you have piece of paper and a pen, and could draw a picture in 20 minutes but choose not to draw for ten years, are you ten years away from finishing a drawing?
Yes, Physics died in the 1960-1979 era tbh. Everything else are just fix of previous theories and projects, we can’t compare then and now in terms of advances in that type of tech
What have you contributed to humanity? Mocking scientists because they haven't been able to achieve virtually unlimited energy when they don't even have all the funding is ridiculous.
I'm sure China has stolen designs in the past. But really, it's not even the important thing right now because both countries are at the forefront of the tech development. For anyone, including China, to make meaningful progress in nuclear tech, they have to take the next leap, which doesn't exist today. As the guy at the end said, it takes sustained development and effort to get to fusion.
The article is from the Wall Street Journal, a business publication interested in investments. The first party to develop the technology will profit from it.
@@the_rzh No the media in the United States is in general also like this. Beating the drums of war and these past decade the Chinese started accepting that challenge rather then back down.
@@guardianoffire8814 The Chinese have their own problems to worry about. This article is an explicit plea for public funds to be invested into private fusion projects. The rest is a weak attempt to build a sense of urgency.
Why does relationship between china and us always framed as a Rivalry? I wish they feature pieces that have more of collaborative nature than tensions between the two. US china relationship is more complicated than that
We are just handing China our ideas and technology. China has become the builder of the world. I can’t blame them if we are just leaving ideas on the shelf!
This is why public investment in r&d is so crucial. Private industry does lots of things well but investing in long term tech that may not be profitable for many many years
😂The importance of Europeans has been ignored, and the American media reports on the competition between the United States and China every day. Besides, how can China copy technologies that Americans themselves have not made?
Not that hard if you focus on Advanced Vocational Training. And Upskilling Blue collar workers into White collared workers. It's insane how much of our pre graduate degrees has nothing to do with applicable skills and that schools can charge 2x to 4x times the price for STEM degree in these fields. These should be where the government subsidies should go because these have a direct impact on National Security & Economic Prosperity.
Imagine being the mouth of the government, being super biased towards it on a petty way and still have to report the said goverment is on losing a losing streak for decades...
China’s 10X PhDs in Fusion Physics and energy than the US. Now, that means we have to rely on the rest of the world for talents. At some point, quantity has it own advantage.
Honestly if the US companies can’t get their hands on those super conductors their cooked because I think we’ve only ever achieved a net gain of electricity like once (I could be wrong) and it seems the super conductors would play a big part in scaling their current designs
Countries that lead the world in 44 critical technology* sectors: 1. China = 37 2. USA = 7 3. UK = 0 4. Germany = 0 5. Japan = 0 *In fields like defence, space, robotics, energy, the environment, biotechnology, artificial intelligence (AI), advanced materials and key quantum technology areas Source: Australian Strategic Policy Institute (ASPI) .
that entire list from ASPI is silly and only covers research impact papers. Artificial Intelligence - where is Chinas answer to ChatGPT? Space - Why does the US have fully reusable heavy lift rocks and a helicopter flying around mars and china doesn’t? Also on that list is jet engines. Why aren’t any of these jet engines found on any aircraft today? What is China’s answer to the GE9x Engine? The whole list is completely bogus
They've reached some important milestones in the meantime which is exciting. On the other hand, with some more investments and political will there are some great Gen-IV fission reactors which could have been brought forward instead (e.g. Molten Salt reactors) that deliver most of the benefits without being as complex to build as a fusion reactor.
Necessity is the mother of invention. Humanity will have to figure out a future without fossil fuels, because these Not so natural disasters are not going to stop any time soon. Fusion may or may not be the solution, but the fact is, there will HAVE to be a solution, or else...
Can't blame them for trying but remember fusion power is only viable if the energy gain factor (Q) is greater than 1 AND all the other energy used to run the entire facillity (not just the reactor itself), external logistics and what not is also compensated. So maby Q = 1.5 or maby 2 or higher? And also needs to run for minutes or maby even hours on end (not just a few seconds) and this and that... I'm no expert 😅
how? america has setup labs experimenting many things in china so if anything happens problems like corona virus will take lot of time to reach america
In a capitalist society, a technology that offers free energy is bad because a lot of rich people would loose billions of dollars. In a socialist society the government work for the people not the billionaires that’s why they invest in such projects
Then why they still depend on US and also on ASML for their tech and AI products?, maybe has to do with reverse engineering and studying in western countries?
Our economy is facing challenges due to uncertainties, housing issues, foreclosures, global fluctuations, and the lingering effects of the pandemic, all contributing to instability. With rising inflation, slow economic growth, and trade disruptions, it's crucial for all sectors to take immediate action to restore stability and promote growth.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
China has been painted as the biggest threat to world peace. But let’s compare the facts. The following is a list of countries bombed by the USA thousands of miles away from its borders in the last half century. China 1945-46 Korea 1950-53 China 1950-53 Guatemala 1954 Indonesia 1958 Cuba 1959-60 Guatemala 1960 Belgian Congo 1964 Guatemala 1964 Dominican Republic 1965-66 Peru 1965 Laos 1964-73 Vietnam 1961-73 Cambodia 1969-70 Guatemala 1967-69 Lebanon 1982-84 Grenada 1983-84 Libya 1986 El Salvador 1981-92 Nicaragua 1981-90 Iran 1987-88 Libya 1989 Panama 1989-90 Iraq 1991 Kuwait 1991 Somalia 1992-94 Bosnia 1995 Iran 1998 Sudan 1998 Afghanistan 1998 Yugoslavia - Serbia 1999 Afghanistan 2001 Libya 2011 Iraq and Syria 2014 - Somalia 2011 - Iran 2020 - On the other hand, China bombed no body. In fact, unlike the USA, China’s economy does not need wars around the world or the lucrative weapon trade to sustain and grow. China’s economic model is built to function around a world that is at peace and is very vulnerable to war whether at home or even abroad, which is a huge contrast to USA’s economy. This is the reason why China’s military spending pales in comparison to the US. However, after George Bush Jr. announced his plan after Iraq was to attack China and USA’s ongoing military provocation over the years, China’s military funding in 2018 has reached 1/3 of the US. This I think is still not enough to deter a US attack as China’s military is still a good distance behind the USA’s war machine.
If every engine was electric. We wouldn't have enough lithium for the batteries 😂. Would need 5k nuclear power stations. And would run out of uranium. Fewer babies. More trees
China does these sexy front page magazine projects that sound amazing and then often fizzle out to nothing. It's all about face and PR. Its a I would love for China to be legit with all its green projects and especially cold fusion, its a net good for humanity, I hope they do it. I find myself skeptical though hearing news from a country without a free press and a government all about saving face.
You know of anyone successful in cold fusion? You're free to think China projects are not legit and fizzled out, but we all know the top semiconductors are in Far East Asia and China has a dozen generation 3 nuclear plants and one generation 4 nuclear plant and have the world's largest Ultra-high-voltage transmission lines.
For national security reasons, the US 🇺🇸 and Canada 🇨🇦 should not let Chinese visa students enrolled in Postgraduate *Nuclear Fusion or Artificial Intelligence* programs.
How about South Korean and Japanese students? they have similar competitive education system to China. Moving forward I believe these two countries will play an important role for the US in developing the tech sector for the US provided they can get their demographics decline under control.
I'm pretty sure they are just picking up where we left off since there hasn't been adequate funding for years. Why would the US government fund this if oil conglomerates donate more money to political campaigns?
Why are acting like fusion is close? We have to put in hundreds of times the energy that we get out, does it not seem far away? How can we invest this much when there is no working prototype?
This isn’t only a China’s thing. France is actually also recognized by CIA as a big industrial espionage threat to US . And US also sends economic hitmen everywhere with the proposal: lean toward us and we lend you our technology and badge of honor, lean not and we will overthrow you to install our own version of democracy. China is a dishonest competitor, yes, but so are all the other countries. Noone is pointing with their hand clean
US hasn't stol en IP? All the way from industrial revolution? Do you really think it was American ingenuity that helped make US the dominant juggernaut? It was copying German and French ta nks that helped us win WW1/WW2. It was Oper ation paper clip that helped us beat the Sov iets in space race not to mention we copied their satellite. Not to mention it was the Sov iets who invented stealth tech.
China has been a money-printing machine on overdrive. During the years 1990-2021, the US printed 6.5 times more money while China printed 147 times. - It has printed more money than the US and Japan combined, while its economy is only half of them. Current Chinese debt-to-gdp is already *highest in the world, at 300%,* according to Bloomberg.
Still thinking within the corrupt venture capital debt paradigm 😂, China has world class infrastructure & industrial manufacturing to show for it what does the US have to show for it's mountain of debt? 500 Billionares, falling rates of home ownership, inflated grocery prices? 😂 You've forgotten that actual things/goods have value not 1's and 0's on a spreadsheet.
LOL a bit strange if you realize that America is build on debt that never can be paid back. Beware the moment that you lose your position as the world’s reserve currency (another 15 years or so?)
Except the US is outspending china 3-1 in fusion when you account for the private sector. And private citizens don’t have to pay for it, it’s all funded by individuals.
@<a href="#" class="seekto" data-time="458">7:38</a> ==>【Question】Why will maintaining that level of energy and effort be the biggest challenge in this country?
He's asking the US people to invest in private industry without sharing in the patents and profits that will eventually be generated. Quite a challenge.
@@etbuch4873 I don't know what an extreme capitalist is. But sovereign wealth funds are used by many nations. It is reasonable that, in exchange for investment, equity is given to such a fund. Public/Private partnership should mean that if the govt is an early investor in SpaceX, it should be a partial owner and share in the profits.
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
<a href="#" class="seekto" data-time="12">0:12</a> I love how the US is funding it with billions more privately, yet this story is all about China being the one that is ahead 😂 does China own this channel?
Thanks for the propaganda. China big bad scary enemy. Why dont you tell us how those low maintenance miniature reactors work on air craft carriers? Those could be really useful.
If, at some time in the future this tech becomes possible, which is not likely, then it will be extremely expensive, let the Chinese waste their money. In any case it will not be available till at least 2060 even if everything goes "according to plan"
12 seconds into the video and you show a chart that the US spends close to 6 billion and China close to 2 billion. How can the video be titled "China is Outspending the US"?
In the late 1980s early 1990s, there were similar talks in the US how Japan's industrial policy would outrace the US. Whatever happened to Japan's 5th generation supercomputer? Well, the PC technology driven by Yankee's innovation and the US free-market economy became the mini industrial revolution that Japan sorely missed. Time and time again, nobody back then could have planned the Internet + PC and in the mid 2000 decade, + mobile computing, and just last year, +AI. The lesson is industrial policy has never beaten the invisible hand of free-market disruptive innovation. China's present efforts are nothing compared to those of Japan's MITI industrial policy back then which did nothing to avert Japan's buburu and decades of stagnation.
more cheap energy means more cheap products (we do not really need) and more consumption of natural resources … it will help to accelerate the destruction of the biosphere we live in …
Spending money does not guarantee innovation. You also need free thinkers that can come up with unconventional ideas. A lot of these outside the box thinkers get beat down by the CCP because they want group think.
Fusion is NOT the answer as it will be extremely expensive and will still require massive infrastructure of wires and cables, strung all over the world. High-efficiency solar + battery storage is the answer as it offers the least cost of power, and can be distributed evenly on roofs, canopies and locally in small towns and cities.
solar needs wires too tho? Sure single family homes can be independent but you need large solar fields to power urban centers (where most people live) which needs electrical infrastructure as well.