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China Is Nationalizing Its Tech Sector

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Re: China Is Nationalizing Its Tech Sector

#151

Post by adrianN »

jorblumesea wrote: post #117
TheRealmccoy wrote: post #66

Provide incentives and support to local companies to become multi-unicorns (BATs etc). These companies start investing in other leading startups, scross the globe and have substantial stakes in them. Then, nationalise these companies and you have then indirect control/semi-control/access over vast majority of leading startups across the globe. This seems to be a nice move by Chinese government.

But, where does the next wave of innovation come from? More startups? Just seems like China's steal/nationalize everything doesn't create true innovation centers.

China has a billion people and produces vast and rapidly growing numbers of highly skilled academics, both in their local universities and by sending students abroad. Many of the smartest people I know are Chinese and have returned to China after completing their degrees and collecting experience in western companies.

Re: China Is Nationalizing Its Tech Sector

#152

Post by coldacid »

pm90 wrote: post #123
watertom wrote: post #118

All tech companies need to re-think manufacturing in China, it was always a risky proposition, but not, you'll really be handing your IP over to the Chinese Government, and they'll be collecting IP from every company. It's time for tech manufacturing to move.

Where will it move to? Tech manufacturing is till pretty labor intensive, at least for the consumer electronics that I believe we are talking about. India probably has better IP laws on paper, but they're hardly ever enforced. The only real alternative seems to be that we reach such a level of automation that these factories can be viable in the West. Still, China's integration into the supply chain of global manufac…

Maybe we as consumers in the west just need to suck up the higher costs for our tech stuff to be manufactured back here in the Americas and Europe. Sure it won't be pleasant for our wallets, but it'd be worth it.

Re: China Is Nationalizing Its Tech Sector

#154

Post by adrianN »

qweqw123 wrote: post #75
alehul wrote: post #55

Earlier quoted context omitted.

As someone with parents who experienced the USSR, this is what really terrifies me about China's rise, and the reason I can't say I'm against a trade war if it hinders them more than us. Imagine a world in which China holds more control... a country with little legal or social respect for individualism, where your fate is 'centrally planned' by how impressive your maths skills are. By contrast, ~30% of American billi…

arent's you romanticizing the US a bit much? the country was built by slaves. "the US will self-select for the ambitious and the inspired and those who desire freedom" this is just hogwash

Are there any countries that don't have a bloddy past?

Re: China Is Nationalizing Its Tech Sector

#155

Post by chillacy »

stickfigure wrote: post #99
diego_moita wrote: post #60

Earlier quoted context omitted.

As in: "I am not wrong because everyone else is doing it"? Anyway, I am not too concerned with your country's future since I am not American.

The world economy is not a zero-sum game. You're making the same mistake that Trump is. Everyone benefits from China, the United States, Europe et al becoming (and staying) rich and prosperous. We should all be concerned.

This is true, but status is always relative to others, and I get the impression that those with more nationalist leanings would prefer a slightly worse off America if China would remain a 3rd world country instead of rising to challenge America on the world stage.

Re: China Is Nationalizing Its Tech Sector

#156

Post by cambalache »

alehul wrote: post #77
qweqw123 wrote: post #75

Earlier quoted context omitted.

arent's you romanticizing the US a bit much? the country was built by slaves. "the US will self-select for the ambitious and the inspired and those who desire freedom" this is just hogwash

Sorry if you found it offensive. I'm definitely romanticizing the U.S. quite a bit. At the same time, that romanticization is inspiring (at least to me) and largely true today when you compare us to countries like China, where you have much less control over your future. Also, moving to a country that provides greater freedom and opportunity at the cost of less of a social net and lower taxes will almost definitely s…

You are just human. So that means in general you are xenophobic, nationalist, racist and operate on the unstated assumption that you and your fellow nationals are 100X more worthy than any foreigner.

Re: China Is Nationalizing Its Tech Sector

#158

Post by dogruck »

unmole wrote: post #31
dogruck wrote: post #21

Could someone please list the top 10 technological innovations that originated in China?

How about top four? Paper, printing, gunpowder and compass.

I down-voted your answer because those are only 4 ancient, general technologies.

I’m sure the list is much longer than 10, that’s why I asked for the top 10. I’m talking about IP from the last, say, 20 years.

Re: China Is Nationalizing Its Tech Sector

#159

Post by chillacy »

adrianN wrote: post #151
jorblumesea wrote: post #117

Earlier quoted context omitted.

But, where does the next wave of innovation come from? More startups? Just seems like China's steal/nationalize everything doesn't create true innovation centers.

China has a billion people and produces vast and rapidly growing numbers of highly skilled academics, both in their local universities and by sending students abroad. Many of the smartest people I know are Chinese and have returned to China after completing their degrees and collecting experience in western companies.

I don’t want to take a side but the parent is almost certainly going to point out that academic papers != innovation (especially with the news that lots of papers from China have falsified data, paper mills, etc).

What are actual innovations made by China in the past 20 years? On demand bikes comes to mind as one example.

Re: China Is Nationalizing Its Tech Sector

#160

Post by adrianN »

golergka wrote: post #130
k__ wrote: post #43

Earlier quoted context omitted.

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.

It was bad exactly because it was centralized. De-centralized systems like free market capitalist economy are more resilient by nature.

That's the theory at least.
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