If you care about manufacturing or industry in the West you need to understand how China can produce so cheaply. In the 90s people would have said cheap labor. Now they would say supply chain. The real answer is insane hypercompetition in a race to the bottom. The Chinese call this involution. Everyone competes until there is no margin left. The West believes  it’s China vs the world. For Chinese companies it’s China vs China and a permanent Hunger Games just to survive. We break down how it works in our deep-dive. Full video in our channel: We cover the coffee wars , the EV race to the bottom that currently bankrupts Germany, cities that act like VCs, a wedding photographer that build a global top 10 car brands,cement plants getting sold by the state to buy car factories from Wales. How top-down policies and bottom-up hustle works, and how we in the middle will get squeezed by China Shocks every year from now on.