Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
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Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#2Interesting counterpoint to say the least:
https://www.newstatesman.com/world/asia/2021/07/west-isn-t-d...
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#3They failed to realize the root cause of all these after school tutoring.
There are just not enough proper schools for them to attend. They have to compete for the spot to get an education. And all these elite colleges/high schools are located in Beijign, Shanghai, etc. They usually take in local students first.
So you see the problem. They will always be some form of private tutoring as long as there are immensive competition for basic education.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#4[deleted]
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#5Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#6This article is pretty ridiculous and lazy.
> After 40 years of allowing the market to play an expanding role in driving prosperity, China’s leaders have remembered something important — they’re Communists.
China isn't a true communist state and hasn't been for a while. Yet the author feels the need to dunk on this straw man and defend capitalism and venture capitalists who lost money in the tutoring crackdown. The muddy Shanghai construction photo is a nice touch too.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#7This article is pretty ridiculous and lazy. > After 40 years of allowing the market to play an expanding role in driving prosperity, China’s leaders have remembered something important — they’re Communists. China isn't a true communist state and hasn't been for a while. Yet the author feels the need to dunk on this straw man and defend capitalism and venture capitalists who lost money in the tutoring crackdown. The m…
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Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#8The native citizens will come to HN and offer some rationalization. The non citizens will offer others. The reason is very simple. The dictator is paranoid about losing control and getting killed. Simple as that
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#9In the era of wiki/scihub/libgen, the whole tutoring industry is worthless. They are just making easy money taking advantage of information asymmetry. Generally, easy money will not be allowed in China.
Edited: I'm talking specifically about Chinese tutoring industry. One comment below gives a very detailed description, which perfectly explains why I think it's worthless. We are all in the process of a revolution initiated by wiki/scihub/libgen. Whether agree with me or not, you are welcome.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#10In the era of wiki/scihub/libgen, the whole tutoring industry is worthless. They are just making easy money taking advantage of information asymmetry. Generally, easy money will not be allowed in China. Edited: I'm talking specifically about Chinese tutoring industry. One comment below gives a very detailed description, which perfectly explains why I think it's worthless. We are all in the process of a revolution ini…
If that were true then the entire education industry globally is a scam which i simply can't believe.
Have you never had a great lecturer who can deliver information in a way which makes more sense to you then just reading it off a website?