To the moon and back, Chinese R&D is leaving the US behind

"One of the most important opportunities for building economic prosperity comes from basic research." The US National Science Foundation radio telescope was completed in Arecibo, Puerto Rico in 1963, and had since then been among the most powerful radars in the world, anchoring "earth’s search for extraterrestrial life." That was until it all came crashing down in early December. Interestingly, while this was happening, China was landing a spacecraft on the Moon, where it explored for two days "before planting and unfurling a Chinese flag." For the dean of the Tuck School of Business at Dartmouth College, Matthew Slaughter, this signifies completely different economic prospects for both countries. In this piece for the Financial Times, he explains why.