US-China tech war: America being held back by budgetary red tape, Pentagon official says
- China is ‘focused on high technology to transform their economy’, says Michael Brown, director of the defence innovation unit
- ‘As we all know, it takes two years to plan a dollar of spending’ at the US defence department, he says
A “time-consuming budgetary process” had impeded the country’s ability to innovate and keep pace with Beijing, Michael Brown, director of the defence innovation unit at the Pentagon, said at an online seminar hosted by the Hudson Institute on Friday.
By comparison, the Chinese system had proven to be much more adaptable with the “powerful combination” of state-led directives and market incentives – copying Western ways of raising capital while avoiding the mistakes made by the Soviet Union during the Cold War arms race, Brown said.
“So we need to be moving at a rate of speed that makes sure we’re not getting behind because there’s a first-mover advantage for these new technologies.”
Beijing’s achievements amounted to a “Sputnik moment”, Brown said, referring to the Soviet Union’s launch of Sputnik 1 – the world’s first artificial satellite – in 1957, which ignited American fears about the perceived technological gap between the two superpowers during the Cold War.