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Why is China smashing its tech industry?

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21–30 of 401 posts

Re: Why is China smashing its tech industry?

#21
post #11

> China may simply see things differently. It’s possible that the Chinese government has decided that the profits of companies like Alibaba and Tencent come more from rents than from actual value added Excellent observation, and I hope, for China's sake, that this is the reason. The United States is likely in for a long-term rude awakening when it finally realizes that an economy predicated on negative-value-add acti…

I'm surprised you put Netflix in there with Facebook. Do they not have television in China?

Yeah I agree with the FB part but Netflix? The chinese audience consumes huge amounts of video content.

Re: Why is China smashing its tech industry?

#22
post #11

> China may simply see things differently. It’s possible that the Chinese government has decided that the profits of companies like Alibaba and Tencent come more from rents than from actual value added Excellent observation, and I hope, for China's sake, that this is the reason. The United States is likely in for a long-term rude awakening when it finally realizes that an economy predicated on negative-value-add acti…

Or even more succinctly: financial value != value to society. Sometimes there's alignment, but very frequently there is not.

Re: Why is China smashing its tech industry?

#23
post #6

I think it's because they want their best and brightest working on physics, materials, technological breakthroughs, etc., instead of ad tech.

I don't think you're wrong, but to air the other side: people don't want breakthrough tech, they want cheaper mortgages. That's why we spent trillions on mortgage subsidies and haven't even tried to build a Mars colony.

The USSR fell because people didn't care about space exploration and Opera, they wanted washing machines and pop music.

Re: Why is China smashing its tech industry?

#24

They want a big, powerful, capable tech industry... that will never even think of challenging the supremacy of the government. This is their way of reminding the tech sector of that latter part.

This article is more than your classic "the CCP is just making moves to solidify it's own power." The article claims the actions taken by China also represent real philosophies about what constitutes economic health. They don't want their greatest minds optimizing ad tech or finding tax loop holes.

Tax loopholes would be accounting, not technology.

Re: Why is China smashing its tech industry?

#25
post #6

I think it's because they want their best and brightest working on physics, materials, technological breakthroughs, etc., instead of ad tech.

The scale that these companies operate on requires huge innovations in software engineering and computer science. Think about all the distributed systems that have come out of places like Facebook and Google over the last 2 decades.

Re: Why is China smashing its tech industry?

#26
post #9
post #6

I think it's because they want their best and brightest working on physics, materials, technological breakthroughs, etc., instead of ad tech.

You’re giving a lot of benefit of the doubt to the dictatorship. Establishing complete control over emerging power structures (tech industry) is more likely to be their goal.

This is a one sided view and also represents classic bias of the western viewpoint.

Sure a "dictator" (more accurately "central power" for China) wants to consolidate power but to think the dictator is a one dimensional being and that all actions a dictator takes only serves that single minded motivation of power solidification is really not reasonable.

Consolidating power is only one aspect of their motivation that much is true. However the article is not about this aspect of the CCP. The actions taken by the regime here represent broad views about what constitutes economic health. The OPs comment is spot on, and captures the main point of the article.

Re: Why is China smashing its tech industry?

#28
post #11

> China may simply see things differently. It’s possible that the Chinese government has decided that the profits of companies like Alibaba and Tencent come more from rents than from actual value added Excellent observation, and I hope, for China's sake, that this is the reason. The United States is likely in for a long-term rude awakening when it finally realizes that an economy predicated on negative-value-add acti…

If you really believe that entertainment doesn't improve the human experience, I feel sorry for you.

Re: Why is China smashing its tech industry?

#29
post #11

> China may simply see things differently. It’s possible that the Chinese government has decided that the profits of companies like Alibaba and Tencent come more from rents than from actual value added Excellent observation, and I hope, for China's sake, that this is the reason. The United States is likely in for a long-term rude awakening when it finally realizes that an economy predicated on negative-value-add acti…

> economy predicated on negative-value-add activities like clicking heart icons on photos

I think you have this backwards. These social networks are predicated on the businesses that are generating enough revenues to spend on ads with them.

EDIT: To add some more context USA GDP in 2019 was 21.4t . Facebook's revenue is 0.004 of that number.

Re: Why is China smashing its tech industry?

#30
post #2

> Governments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. [1] Because cyberspace is ascendant over the old powers. Alas, sure, it's a pretty sad capitalist shell of what cyberspace could be, but it's still striding past the encumbered old giants. [1] https://www.eff.org/cyberspace-independ…

I miss being that optimistic. What happened?

Software ate the world.

I also remember feeling that optimistic about technology. It wasn’t until this past year, I am getting an inkling of what happened. It’s a continuation of much longer trends that I didn’t see until I started studying Carol Sanford’s work on regenerative paradigms, responsible business, etc.

The dominant worldview these days is that of the machine world view. It sees the world as complex machinery, with people as cogs. It denies the power of living systems to be able to live and grow on their own, instead, forcing them to intermediate through the machine.

As such, software eating the world is a continuation of that worldview.

I think perhaps, this is the “punk” in cyberpunk; that even though people become part of the machine, they can still change the world for the better against old powers. Old powers didn’t understand how the emerging technology works, so there’s a window of time. Perhaps, that, technologists will maintain a tech gap over old powers. But the old powers had been eaten by machines a long time ago, and when new tech companies arose, that machine world view became further entrenched.

It didn’t solve for the fundamental problem: living systems are not machines. We are capable of growing and changing on our own. We are not consumers. We are not users. Living systems are what makes software come alive; why would we want software to eat us?

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