He bought IP from people who didn't see value in it. He obtained state subsidies and convinced politicians to see his sector as a national priority. When he couldn't buy the know how, he had it reverse engineered from samples.

West just needs to go back to what used to work, and what still works. If China could industrialize itself from practically nothing, why couldn't western countries do something similar? Some of them already did after WWII.

It's just a matter of will. And accepting that there will have to be compromises and certain level of sacrifice.

"Fell for it" looks a lot like "basically compelled by the economic impacts of public policy and political winds" so far as I can tell.

Some man in a C-suite in 2002 who was wrestling with a decision to refresh domestic factories with capital investments that would pay off over the next 15yr and be competitive for 30 or build new in China could only make that decision one way without being ousted by his own board. Even if the economics barely penciled out positively after compliance costs the political winds made it too risky.

I mean, yeah, someone fell for it. The public, the politicians, etc. etc. But it's not like anyone who didn't have to grapple with the numbers didn't know what they were doing was suspect at best, though many of course deluded themselves into believing in it.

How many decades and dollars did we spend shipping trash plastic overseas because they provided us with receipts saying they were recycling it when they were landfilling, burning or dumping it? Everyone who knew the chemistry and energy prices knew it didn't really work but still, it happened.