Which is amazingly hypocritical coming from the same administration that just passed a tax cut that will get us deeper in debt with much of that debt being held by the Chinese government.
Please do not take HN threads on generic flamewar tangents.
Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
141–150 of 311 posts
Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
#142Saudi And Emirate Cash Still Cool, Though
Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
#143Chinese investment means increased pressure on tech oligopolies* to increase censorship of media critical of China. They've been branching out to increase soft influence, keep news sites and Olympic committee from recognizing Taiwan as a separate nation. Then there's what is currently going on in Hong Kong. Chinese investor cash is effectively Chinese government investment. It's not a good thing. *edit
Is this very different from Americans though ? Americans have forced all nations to treat Iran as a terrorist state when it is very friendly to rest of the world compared to Saudi. Saudi Barbaria exists only because of Americans. Can we say with certainty that American money isn't coming to other countries with strings attached ?
Friendly? With all the bomb and assassination plots? Not friendly to Europe.
https://twitter.com/benrileysmith/status/1137831840188948485
Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
#144Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
#145Earlier quoted context omitted.
You were surprised that China has red flags? (Thank you, I'll be here all week)
I find jokes are rare on HN, but I'll always upvote one that makes me chuckle
I think people here avoid puns and offtopic humor on purpose, so that it doesn’t distract from the discussion. I like this aspect of HN.
Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
#146Could somebody explain to me the vicious American hate for China from a totally uninformed viewpoint? Any links to read why I should also dislike China?
IP theft, copycat tech, and forced technology transfer [1] (US corps giving their IP to gain access to the market).
[1] https://econofact.org/what-is-the-problem-of-forced-technolo...
Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
#147Earlier quoted context omitted.
From a very broad moral perspective, their human rights violations are legion[1] including large open air internment camps for ethnic/religious minorities like the Uyghur[2], political imprisonment[3], alleged organ harvesting of prisoners[4], supporting North Korea ... From a purely tech perspective, state-sponsored hacking[5] and IP theft[6] are common. [1] https://en.wikipedia.org/wiki/Human_rights_in_China [2] ht…
> From a very broad moral perspective, their human rights violations are legion This judgement coming from the country with the highest incarceration rate, criminalized abortion, caged immigrants, historic systematic racism, legal bribery (lobbying), genrrymandering electoral system, countless invasions with disastrous results in the middle east, africa & asia Don't get me wrong but outside the US everyone is wonderi…
It's whataboutism to mention that one has 1.5x more absolute and 5x more per-capita prisoners than a place one calls a police state.
Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
#148Earlier quoted context omitted.
The typical news cycle lasts about 48 hours. People have no problem remembering what 9/11 was all about because it was the top item for over a year. Now ask them in what year it was and see if you get the right answer. If YC has to stop doing business in China, it will be a very momentary blip and China will most definitely not change course because of a PG blogpost.
I think you're eliding the fact that technology development and specifically startup growth are current strategic priorities for the PRC, and making a straw man by framing my argument as "China will change course because of a PG blogpost". And also, do you really know multiple people who do not know what year 9/11 happened? C'mon
> I think you're eliding the fact that technology development and specifically startup growth are current strategic priorities for the PRC, and making a straw man by framing my argument as "China will change course because of a PG blogpost".
It's not a strawman when that is exactly what you wrote:
>> Meh...PG writing a blog post entitled "Why YC Is Quitting China" would cause plenty of tsoris in Beijing, and the Chinese certainly know this.
>> Absolutely nobody but a very select few people would care.
> Are you kidding me, it would be on the front page of the Journal. People would care after that.
YC is incredibly important to the start-up world but strategic priorities of the PRC aside if YC leaves China then that's not going to move any needles. If Google isn't powerful enough to make a play there you can just about forget what influence YC has there. To think that PG can influence Chinese policy with a blogpost is ridiculous.
> And also, do you really know multiple people who do not know what year 9/11 happened?
Yes. They typically know it was somewhere in the early 00's but not what specific year. It baffles me, but it is about as solid a fact as I have about this given that I've tried this many times now. Feel free to conduct your own little experiment and see what happens. I think in part it is because everybody always talks about 9/11 without adding the year.
Edit: FWIW: I just checked one more person and they did not in fact remember what year it was, only be linking it to some event in their own life were they able to make the connection.
Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
#149Which is amazingly hypocritical coming from the same administration that just passed a tax cut that will get us deeper in debt with much of that debt being held by the Chinese government.
Please do not take HN threads on generic flamewar tangents. https://news.ycombinator.com/newsguidelines.html
I usually don’t reply to moderators but these are simple economic facts.
1. A law was passed that meant we take more money than we bring in.
2. When you spend more than you bring in that causes debt.
3. China holds much of our debt.
Which part of that is factually incorrect? I would have made the same comment about a Democratic President.
If you look at my posting history, I routinely bemoan the celebration of unprofitable business models. This is no different.
And below someone had the great idea of printing money. I also responded with facts implying this leads to inflation.
Btw, which part of a submission about “evil China” isn’t a flame war tangent?
Re: Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
#150Writer of the article here. Totally get the frustrations with paywalls. Bottom line is feature stories like this take weeks, months, sometimes a year or more to produce. Sites without paywalls have to go for clicks (which are worth close to zero now that Google/Facebook gobble up most online ad budgets). If low value clicks are all you have, you end up like dailymail.co.uk. If you want high value news, you have to pa…
I work for a media company too that has been very aggressive when it comes to charging for our content and yes; quality journalism like this costs money and ads can unfortunately not support it anymore.
It was a good read! I appreciated your work!