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China Is Nationalizing Its Tech Sector

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Re: China Is Nationalizing Its Tech Sector

#41

Post by onetimemanytime »

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

Go ahead and not put that sign in there. See how long you last.

Also, it's possible that they believe it, say, "China needs this to be a strong country" even if some freedoms are sacrificed. A necessary evil for a while.

As for nationalizing: they are in a sense nationalized. You must x, y and z or you're done. The Party is judge, jury and the executioner.

Re: China Is Nationalizing Its Tech Sector

#43

Post by k__ »

smaddox wrote: post #29
k__ wrote: post #19

Earlier quoted context omitted.

But they didn't have the technology. Maybe with help of good IT, this is manageable better?

Communism didn't fail for lack of top-down control. It failed because of too much top-down control (to oversimplify to the extreme).

I had the impression it failed because the planning was bad.

So the logical consequence for me would be, if the plans were outdated, better IT would allow to change them faster.

Re: China Is Nationalizing Its Tech Sector

#45

Post by diego_moita »

dalbasal wrote: post #32

The "trade war" thing has been the most/only interesting ideas to come from trump, to me. It was interesting in that he did recognized (fluked into?) an actual shift in public/expert position. China is the pro-trade side. They'll be willing to make concessions, do the work, etc. It's the beijing consensus now, not washington. Large american companies are still on the pro-trade side, being multinationals. They also ha…

Trump might be fighting for a good cause, but he is doing it in the most stupid way. The road to hell is paved ...

Case in point: the original TPP had plenty of protection for American IP. The orange demagogue ditched the treaty, all the other countries removed those protections and now he wants to come back. The pattern of stupidity is pretty obvious: the US needs international allies to prevail against China, but it won't get any ally with an "America first always" policy.

Re: China Is Nationalizing Its Tech Sector

#46

Post by hn0 »

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.

The age old liberal hymn. I’m not going to say this is wrong, but it’s a very black and white stance in the matter. Plenty of succesful economies have been centrally planned and/or protectionist. Likewise speculative booms in unregulated markets have produced massive amounts of deadweight loss. Not to mention the administrative overheads of running large scale free(ish) markets we observe in all first world countries, it makes the USSR look lean and mean by comparison. This is not to excuse the flagrant absurdities seen in state-capitalist economies all troughout the 20th century. The best model of central planning appears to be government guided bank credit allocation as seen in postwar Japan and the Asian Tigers, this lets entrepreneurs handle the micromanaging aspects whilst the state can avoid boom-bust cycles typically associated with private finance.

Re: China Is Nationalizing Its Tech Sector

#47

Post by petra »

baybal2 wrote: post #12

Comparison Baidu - Google Baidu is horrid, even in Chinese. Baidu doesn't have nearly as big stronghold on advertising in Chinese market as Google has in every market outside of China. End of discussion. Alibaba - Amazon On commercial side, Alibaba steamrolls Amazon with some margin remaining. Tech-wise, Alibaba sucks big time. Their search algo is something horrid. Alibaba has a relatively big part of Internet ads p…

Amazon vs Alibaba - to simplify, this game will be won by the best supply chain, And sure Amazon leads by far. But what happens when the "one belt one road" railroad is finished ? Will Alibaba get a preferential treatment ? And if so, could Amazon handle that ?

Re: China Is Nationalizing Its Tech Sector

#48

Post by StevePerkins »

diego_moita wrote: post #45
dalbasal wrote: post #32

The "trade war" thing has been the most/only interesting ideas to come from trump, to me. It was interesting in that he did recognized (fluked into?) an actual shift in public/expert position. China is the pro-trade side. They'll be willing to make concessions, do the work, etc. It's the beijing consensus now, not washington. Large american companies are still on the pro-trade side, being multinationals. They also ha…

Trump might be fighting for a good cause, but he is doing it in the most stupid way. The road to hell is paved ... Case in point: the original TPP had plenty of protection for American IP. The orange demagogue ditched the treaty, all the other countries removed those protections and now he wants to come back. The pattern of stupidity is pretty obvious: the US needs international allies to prevail against China, but i…

> the original TPP had plenty of protection for IP. The orange demagogue ditched the treaty

You mean the same position taken by the other party's entire field in that election? (even if you suspect that Clinton's opposition was disingenuous, and forced by pressure from Sanders)

Re: China Is Nationalizing Its Tech Sector

#50

Post by bad-joke »

AmericanChopper wrote: post #34
andybak wrote: post #23

Earlier quoted context omitted.

Hmmmmm. I've often wondered about the contradiction wherein it's argued that the economy thrives on competition and yet corporations larger than many nation states never apply the same model internally. (I'm aware there are efforts in some companies at creating "internal markets" but never close to the scale of market forces that exist externally to the company)

Resource allocation is the single hardest problem to address in large organisations, and there’s numerous cases of companies withering and dying because they failed to properly align their resource allocation with market forces. Except withering and dying for a company is not a humanitarian crisis, but it is for a country. A company can also fire an underperforming team member, or ditch an entire department. Where as…

This is why some strains of socialism advocate a regulated market wherein businesses can freely experiment, then the optimal path is nationalized.

Free market or centralized economy, at the end of the day someone is making an executive decision about how resources are allocated. Whether you believe that executive person (or committee) should be acting in the best interests of the public or a group of shareholders is a matter of principle, not logistics.

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