Earlier quoted context omitted.
> China produces stuff I want China produces almost nothing I want unless you count foreign-designed products that happen to be manufactured there under contract. Maybe steel and rare earth metals? I've tried their flagship apps too (WeChat, Alipay, Alibaba, AliExpress) and they are just really awful compared to their Western equivalents. Not just in subjective look-and-feel ways either: the AliExpress signup flow wa…
Curious, what would you consider the western equivalent of AliExpress to be?
From imitation to innovation: How China became a tech superpower
91–95 of 95 posts
Re: From imitation to innovation: How China became a tech superpower
#92Earlier quoted context omitted.
The US is really big, if there's not a mis-configured regulation, adding overseas competition won't really increase efficiency as the perfectly sperical market in a vacuum equation suggests.
Maths have nothing to do with economics. I said efficiency as a way of comparing market offer from the point of view of customers (you can picture the formula "quality/price" if you want but that doesn't mean that it is objectively & mathematically defined), meaning that prices go down and/or quality increases mis-configured regulation Do you have examples of good protectionist regulation ? And no I gave a specific e…
If we're talking about efficiency from the customer point of view, I can pay full price for American goods on Amazon but receive garbage-cheap Chinese knock-offs in the mail.
Re: From imitation to innovation: How China became a tech superpower
#93There is nothing obviously wrong with copying things and nothing obvious right with "inventing" them first. DOS was not first but beat CPM. Microsoft even went on to PROMOTE its "fast follower" modus operandi. VC's seeking exits have very sound reasons for wanting something "first" and preferably "license protected." But those wins do not obviously confer to either nation states or even all industries or companies. M…
It probably depends on industry. It doesn't work so well in today's software, like Microsoft has proved. Also in industries with strong patents or with effective process secrets. And i'm not sure that way of thinking is effective in industries with network effects. So what's left ? usually industries with low-margins. And afaik, that generally describes China.
First, it would certainly depend on as many sample variations we can find. Second, you are approaching tautological nonsense where patents and copyrights are nothing more than excuses for undeserved "outsized returns." Maybe that is true now or in countries with "first-to-file" patent regimes. There are no guarantees of ANY future outsized returns, no matter how much people might desire them. Low-margin might just equal "useful and fair."
Re: From imitation to innovation: How China became a tech superpower
#94Earlier quoted context omitted.
Maths have nothing to do with economics. I said efficiency as a way of comparing market offer from the point of view of customers (you can picture the formula "quality/price" if you want but that doesn't mean that it is objectively & mathematically defined), meaning that prices go down and/or quality increases mis-configured regulation Do you have examples of good protectionist regulation ? And no I gave a specific e…
If we're talking about efficiency from the customer point of view, I can pay full price for American goods on Amazon but receive garbage-cheap Chinese knock-offs in the mail.
I don't even understand what you are trying to prove. That some sellers are not trust worthy ? That there will always be an intermediary taking the profit ?
Re: From imitation to innovation: How China became a tech superpower
#95Earlier quoted context omitted.
I believe US should be credited with being the biggest supporter of modern democracy rather than being the first modern democracy. This seems to be changing though, pure financial interests seem to the new policy. If there is one reason I don't want China to succeed is because of its communist regime.
> US should be credited with being the biggest supporter of modern democracy They have too interesting of a record toppling foreign democracies for me to agree.
Care to give an example?