China Is Nationalizing Its Tech Sector

#1

Post by adventured » Sat, Apr 14, 2018, 11:45 AM UTC

China Is Nationalizing Its Tech Sector
bloomberg.com

Re: China Is Nationalizing Its Tech Sector

#2

Post by andrewclunn » Sat, Apr 14, 2018, 12:35 PM UTC

And thus the brain drain from China will commence at full speed (more than present). Seems government regulators in China don't understand market forces either. Good to know.

Re: China Is Nationalizing Its Tech Sector

#3

Post by abhiminator » Sat, Apr 14, 2018, 12:44 PM UTC

It's interesting to observe how China has managed to fuse together, almost seamlessly, the major functional modules of it's government -- Communist Party committees, for example -- with the tech sector.

As other commentators in various publications have pointed out, this deep integration coupled with massive investments in auxiliary sectors, a culture of scientific inquiry and a heavily STEM focused primary education[0] will only keep the scale of the momentum tipped in China's favor going forward.

[0] https://www.theglobeandmail.com/news/national/education/what...

Re: China Is Nationalizing Its Tech Sector

#4

Post by phyalow » Sat, Apr 14, 2018, 12:47 PM UTC

A picture is worth a thousand words.

The sculpture outside the front of Tencents Shenzhen HQ. https://pbs.twimg.com/media/DXRIsWrVQAAJgjl.jpg

Re: China Is Nationalizing Its Tech Sector

#5

Post by state_less » Sat, Apr 14, 2018, 12:48 PM UTC

If you tend toward optimal decisions, having your mind made up for you seems like it could be a real drag.

Re: China Is Nationalizing Its Tech Sector

#6

Post by AmericanChopper » Sat, Apr 14, 2018, 12:50 PM UTC

andrewclunn wrote: post #2

And thus the brain drain from China will commence at full speed (more than present). Seems government regulators in China don't understand market forces either. Good to know.

Central planning has always proven to be an inefficient way to allocate resources, so I’m not sure why free markets would be worried about China implementing more central planning.

Re: China Is Nationalizing Its Tech Sector

#7

Post by k__ » Sat, Apr 14, 2018, 12:51 PM UTC

abhiminator wrote: post #3

It's interesting to observe how China has managed to fuse together, almost seamlessly, the major functional modules of it's government -- Communist Party committees, for example -- with the tech sector. As other commentators in various publications have pointed out, this deep integration coupled with massive investments in auxiliary sectors, a culture of scientific inquiry and a heavily STEM focused primary education…

Yes.

Seems like China is the first country who got the means for centralization.

They got the ideology and the tech to manage it on that scale.

Also they're too big to get attacked.

Re: China Is Nationalizing Its Tech Sector

#8

Post by NetOpWibby » Sat, Apr 14, 2018, 12:51 PM UTC

phyalow wrote: post #4

A picture is worth a thousand words. The sculpture outside the front of Tencents Shenzhen HQ. https://pbs.twimg.com/media/DXRIsWrVQAAJgjl.jpg

Wow.

Re: China Is Nationalizing Its Tech Sector

#9

Post by chisleu » Sat, Apr 14, 2018, 12:53 PM UTC

andrewclunn wrote: post #2

And thus the brain drain from China will commence at full speed (more than present). Seems government regulators in China don't understand market forces either. Good to know.

China has been and will continue to be authoritarian. Thier interests in tech is control. They need to control information. As a secondary objective, they want to see China's tech market expand so they can become more than the West's supplier of cheap labor-intensive goods.

Brain drain is a concern, but the world's most populous country will always be a target, especially as the new rich enjoy sending thier kids to get Western educations.

Something that should be apparently to is with the recent political events in the US is that when you control the media, you can control the narrative and to some extent the culture. Cons had far more control over this than any faction in America. Much of the early education is geared towards civil responsibility.

We also know that China isn't above flexing it's authoritarian muscle. Gifted students in math and science are often shanghaied (heh) into schools designed to feed thier own tech sector and PLA Unit 61398

Re: China Is Nationalizing Its Tech Sector

#10

Post by kome » Sat, Apr 14, 2018, 12:54 PM UTC

AmericanChopper wrote: post #6

andrewclunn wrote: post #2

And thus the brain drain from China will commence at full speed (more than present). Seems government regulators in China don't understand market forces either. Good to know.

Central planning has always proven to be an inefficient way to allocate resources, so I’m not sure why free markets would be worried about China implementing more central planning.

> Central planning has always proven to be an inefficient way to allocate resources

Amazon seems pretty efficient. ;)