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I am surprised to see Hacker News turning into China News recently.
There is an apparent trend of Planet Earth turning into Planet China recently.
Whether this trend is real, whether it will continue, whether you or I believe in it - who knows.
Earlier quoted context omitted.
I think China is going to be greatest civilization... or that's their aim. And with their population and level of growth they may very well get there.
They will have to become more democratic and accountable to their population first. Up to now they have been able to buy off their middle classes with rising incomes, once that stops as it inevitably will those people will start calling for more representation.
We have a lot of examples of people protesting and calling for more representation when they're not doing well economically but do we have any examples, any evidence, any indication at all of people doing that when things go well economically?
The potential loss of quality of life associated with such resistance failing is massive and the probability of a failure is high. The people have too much to lose by calling for more representation and honestly not that much to gain.
"Oh woe is us. Who will save us from downing in all this Chinese money." There were exactly the same concerns about Japanese investment back in the 80s. Now doing business with Japanese firms and companies like Sony owning major American firms is just natural. They're not weird alien creatures from space anymore, they're our business partners and investors. It's normal. The same will happen with China.
The government had cleared the deal on Sept. 8 but Aixtron said that the Economy Ministry had now canceled the clearance certificate for Fujian Grand Chip Investment Fund LP (FGC), a Chinese investment fund controlled by businessman Zhendong Liu, and planned to reopen a review of the takeover. The decision to rescind the approval was based on “previously unknown security-related information,” Germany’s Deputy Economy Minister Matthias Machnig told German daily newspaper Die Welt, without being more specific.
Earlier quoted context omitted.
I think China is going to be greatest civilization... or that's their aim. And with their population and level of growth they may very well get there.
They will have to become more democratic and accountable to their population first. Up to now they have been able to buy off their middle classes with rising incomes, once that stops as it inevitably will those people will start calling for more representation.
Interestingly, Trump's economic plan will likely have the same effect in the end. High spending and low taxes will inevitable inflate government debt. In the short term that will create economic stimulus, the current generation of Americans might benefit, but America may well be looking at persistent stagnation for a generation or more after.
Earlier quoted context omitted.
They will have to become more democratic and accountable to their population first. Up to now they have been able to buy off their middle classes with rising incomes, once that stops as it inevitably will those people will start calling for more representation.
The CP clearly believes that as long as growth is maintained and people's lives improve, there won't be any political resistance. I'm inclined to agree. We have a lot of examples of people protesting and calling for more representation when they're not doing well economically but do we have any examples, any evidence, any indication at all of people doing that when things go well economically? The potential loss of q…
Earlier quoted context omitted.
They will have to become more democratic and accountable to their population first. Up to now they have been able to buy off their middle classes with rising incomes, once that stops as it inevitably will those people will start calling for more representation.
The CP clearly believes that as long as growth is maintained and people's lives improve, there won't be any political resistance. I'm inclined to agree. We have a lot of examples of people protesting and calling for more representation when they're not doing well economically but do we have any examples, any evidence, any indication at all of people doing that when things go well economically? The potential loss of q…
Earlier quoted context omitted.
The CP clearly believes that as long as growth is maintained and people's lives improve, there won't be any political resistance. I'm inclined to agree. We have a lot of examples of people protesting and calling for more representation when they're not doing well economically but do we have any examples, any evidence, any indication at all of people doing that when things go well economically? The potential loss of q…
This is the point I'm trying to make, they have had a long period of economic growth, people will put up with a lot if they see their situation is getting better. The question is what happens when the growth flounders.
After all, communists are the best managers of capitalism.
I am surprised to see Hacker News turning into China News recently.