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Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

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Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#121

Post by RestlessMind »

ralfn wrote: post #89
chii wrote: post #53

Earlier quoted context omitted.

> Bitcoin is the obvious example of something that should have been banned years ago (and all proof of work crypto) not that i would invest in bitcoins (or any crypto), but i don't see it as an obvious ban. The only reason i can deduce from your "obviousness" comment is that proof of works "wastes" energy. But then it is hypocritical to argue this when other modern conveniences also "waste" energy, and yet you don't…

It wastes entrepreneurial energy too, since it doesn't actually provide value to anyone. Not the way a car, a phone, a hairdresser, a movie or Google maps does. The economy is just what everyone does/make. Think of the opportunity cost of all that human resource being wasted on a pyramid/ponzi scheme, which does not produce any value. It only redistributes it, poorly. Yeah thanks. We really need more gambling infrast…

There was no value to WWW and HTTP in 1990's. Yet hackers tinkered with those technologies just for the sake of doing something cool and here we are 3 decades later. I see the same spirit with DeFi, NFT, dApps and Crypto in general. And just like there was a crazy boom in the late 90's (pets.com anyone?), history is rhyming again (dogecoin anyone?).

What is sad is that some of the top comments on hacker news are dismissing this cool new tech by choosing to focus only on the negatives.

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#122

Post by drenvuk »

procgen wrote: post #108
drenvuk wrote: post #62

I can see why hackernews was (is?) banned in china. You guys see nothing but negatives in any policy decision that comes out of there. Sure there are some power struggles, sure there's a powerful cadre of billionaires who own the politics of the country but aside from the pretty disgusting issues with the Uighurs I would consider china up there with Norway in terms of country development. If you just contrast what Xi…

> I can see why hackernews was (is?) banned in china. You guys see nothing but negatives in any policy decision that comes out of there. The idea that a site should be banned because its users 'see nothing but negatives' is repugnant.

Yes, yes, we all know. It's not like this is one of China's new policies. Tell me something new please.

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#124

Post by exporectomy »

DubiousPusher wrote: post #117
exporectomy wrote: post #52

Earlier quoted context omitted.

> But it would also be good to ensure people can make a good living and self actualize without a formal education. How? Wanting magic to be true doesn't make it possible. If your economy is already strong enough to provide a good living to anyone who wants to be a noncontributing poorly educated self-actualizer, then OK, let them enjoy that. But what if it's not? Who supports them? Even developed countries with good…

We don't organize into socities solely to eek every drop of value out of people economically that we can. The goal is to create a more stable and less miserable life for people. Some people are never going to be happy spending years in formal education. And creating an incentive so strong that even people without the slightest interest or compunction towards it creates its own inefficiencies. You twisted my comment i…

There's a whole spectrum of agriculture lifestyles available around the world for people to choose from. People who get more satisfaction being an owner-operator farmer or more professional employee farmer can do that by migrating to a country where it's readily achievable. Same for many different types of work.

But people mostly seem to want to be richer and are happy to forgo that kind of lifestyle in exchange for a higher paying job. Who are we to tell them that what they want is not what they should really want?

Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning

#125

Post by naveen99 »

Danieru wrote: post #120
naveen99 wrote: post #99

Earlier quoted context omitted.

That’s my point. Why not test the brilliant students (and optionally allow everyone) on the more difficult subjects to begin with ?

Ah. The specific Chinese reason is that the Government says no.

but why should the government want to lower the educational standard for everyone ? It doesn’t make any sense. The rich and poor benefit when everyone is better educated.
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