The US-China tech war's decisive front isn't software or chip design, where both sides have near-parity. It's the underlying materials. While the US system produced short-term, replicable tech, China's state-led planning built a long-term moat: 90% control of rare earth refining. This gives China the power to throttle its rival's production, securing a path to global tech dominance.
https://dialecticaldispatches.substack.com/p/the-planning-advantage