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Jack Ma steps out from the shadows with morale-boosting post

reuters.com

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Re: Jack Ma steps out from the shadows with morale-boosting post

#81

Post by amou234 »

nebula8804 wrote: post #77
amou234 wrote: post #74

Earlier quoted context omitted.

> The future of Chinese tech belongs to companies that are much more fast moving Not at all. The future of Chinese tech is state owned enterprises [1]. Just like other Chinese industries, such as state owned real estates [2] or state run communal restaurants [3]. Just like Soviet Union, before it fell. "The Peterson Institute for International Economics analyzed the market capitalization of China's top 100 companies.…

I don't know man, from the outside looking in it seems like despite this arrangement, the people doing the day to day work are fiercely competitive and they want it all. This is just an anecdote but I have seen talks where the Chinese look at the silicon valley grind culture of long working hours and sacrifice and think how can these people be so lazy? Maybe state ownership will collapse it all, maybe the coming demo…

No state owned enterprises in the history of the world has the quality you've just described - fiercely competitive, nationalistic pride, desperation.

China is now Soviet Union, but with horrendous demographics, mind-numbing debt, and wealth flooding out of the country. China is old and broke. China is fucked.

Re: Jack Ma steps out from the shadows with morale-boosting post

#82

Post by dsab »

fancl20 wrote: post #54
ametrau wrote: post #52

Earlier quoted context omitted.

Is that why the search has gone to absolute crap? I’ve switched to Amazon basically for everything I used to get from AE because of the anti search / advertising search. I’d rather pay more and not waste the time.

I heard they switched to fully use a recommending system for search (don't know how it works today but feels like that's still the case), which means there is there is no real search happening and you query is used as a hint, not a search query (which relativeness matters more). At that time PDD is promoting the idea you buy what they think you will buy. PDD's search is barely functioning at that time and their bussi…

What is PDD?

Re: Jack Ma steps out from the shadows with morale-boosting post

#83

Post by kibwen »

nolongerthere wrote: post #72
Kbelicius wrote: post #27

Earlier quoted context omitted.

> The reason why communism is always associated with authoritarianism is mainly the process by which it is introduced: it is impossible that all citizens agree that a state becomes communist All new systems are introduced by force, even capitalism. Do you think that at one point in the past everybody in Britain decided that the state should be capitalist and so everyone, on their own accord, moved from communal land…

That's simply false, capitalism is the natural order, people looking out for their own interests and working with others only when both parties agree to. Communism is forced labor/partnership, and requires disappearing all those who don't want to be part of the system and/or using extreme force to get dissidents to comply. Capitalism simply lets those who don't want to participate pave their own way.

> people looking out for their own interests and working with others only when both parties agree to

Since we're already knee-deep in nitpicking terminology, this is describing the general philosophy of anarchism, not capitalism.

https://en.wikipedia.org/wiki/Anarchism

Re: Jack Ma steps out from the shadows with morale-boosting post

#84

Post by nebula8804 »

amou234 wrote: post #81
nebula8804 wrote: post #77

Earlier quoted context omitted.

I don't know man, from the outside looking in it seems like despite this arrangement, the people doing the day to day work are fiercely competitive and they want it all. This is just an anecdote but I have seen talks where the Chinese look at the silicon valley grind culture of long working hours and sacrifice and think how can these people be so lazy? Maybe state ownership will collapse it all, maybe the coming demo…

No state owned enterprises in the history of the world has the quality you've just described - fiercely competitive, nationalistic pride, desperation. China is now Soviet Union, but with horrendous demographics, mind-numbing debt, and wealth flooding out of the country. China is old and broke. China is fucked.

You say that but then we see things like BYD introducing products like this.

[1]: https://www.youtube.com/watch?v=izvdO-zdlKg

Unless you want to keep your head in the sand and pretend this is the soviet union all over again, you better start paying attention to how fast they are iterating.

>China is now Soviet Union, but with horrendous demographics, mind-numbing debt, and wealth flooding out of the country. China is old and broke. China is fucked.

Yeah this is the Peter Zeihan thesis but you know what, it might take a while for this to play out and in the meantime, China may not leave the arena until after they have taken out a large chunk of the western incumbents.

Re: Jack Ma steps out from the shadows with morale-boosting post

#85

Post by galaxyofdoom »

amou234 wrote: post #74
throwaway4good wrote: post #10

I was listening to Nicolai Tangen's interview with Alibaba co-founder Joe Tsai: https://www.nbim.no/en/publications/podcast/alibaba-co-found... Alibaba co-founder and Chair: China, Jack Ma, AI and basketball And while smart and sympathetic, I cannot help to think that Alibaba is a company of the past belonging to a time of a certain US-China order that is no more. The future of Chinese tech belongs to companies that…

> The future of Chinese tech belongs to companies that are much more fast moving Not at all. The future of Chinese tech is state owned enterprises [1]. Just like other Chinese industries, such as state owned real estates [2] or state run communal restaurants [3]. Just like Soviet Union, before it fell. "The Peterson Institute for International Economics analyzed the market capitalization of China's top 100 companies.…

[dead]

Re: Jack Ma steps out from the shadows with morale-boosting post

#86

Post by kurthr »

nebula8804 wrote: post #77
amou234 wrote: post #74

Earlier quoted context omitted.

> The future of Chinese tech belongs to companies that are much more fast moving Not at all. The future of Chinese tech is state owned enterprises [1]. Just like other Chinese industries, such as state owned real estates [2] or state run communal restaurants [3]. Just like Soviet Union, before it fell. "The Peterson Institute for International Economics analyzed the market capitalization of China's top 100 companies.…

I don't know man, from the outside looking in it seems like despite this arrangement, the people doing the day to day work are fiercely competitive and they want it all. This is just an anecdote but I have seen talks where the Chinese look at the silicon valley grind culture of long working hours and sacrifice and think how can these people be so lazy? Maybe state ownership will collapse it all, maybe the coming demo…

Check out a couple of phrases on Chinese media (they are heavily censored): tang ping (躺平) bailan (摆爛)

If you just want English language go for SCMP: https://www.scmp.com/yp/discover/lifestyle/article/3194858/l...

The money has already been made by those in power and the only way to make more is to follow the government gravy train. For the last decade that has meant batteries, EVs, semiconductors, displays are all so heavily subsidized (factories are built with free government loans) that doing anything else (other than buying property) makes no sense. That doesn't mean the people aren't motivated, smart, and ingenious, but they won't be making back the $T in loans.

Re: Jack Ma steps out from the shadows with morale-boosting post

#87

Post by gmerc »

red-iron-pine wrote: post #56
gmerc wrote: post #49

Earlier quoted context omitted.

It’s safe to build wealth and become untouchable and unaccountable in the US, all the way to attempting a coup

sounds like the best possible endorsement to me

It would, if you are a closeted fascist.

Re: Jack Ma steps out from the shadows with morale-boosting post

#88

Post by amou234 »

nebula8804 wrote: post #84
amou234 wrote: post #81

Earlier quoted context omitted.

No state owned enterprises in the history of the world has the quality you've just described - fiercely competitive, nationalistic pride, desperation. China is now Soviet Union, but with horrendous demographics, mind-numbing debt, and wealth flooding out of the country. China is old and broke. China is fucked.

You say that but then we see things like BYD introducing products like this. [1]: https://www.youtube.com/watch?v=izvdO-zdlKg Unless you want to keep your head in the sand and pretend this is the soviet union all over again, you better start paying attention to how fast they are iterating. >China is now Soviet Union, but with horrendous demographics, mind-numbing debt, and wealth flooding out of the country. China is…

BYD is not a Chinese state enterprise...yet. And yeah, I'm not worried.

Nio Loses $35,000 A Car. https://www.carscoops.com/2023/10/nio-loses-35000-a-car-that...

BYD lost its EV crown to Tesla after just one quarter as China’s EV market slumps https://fortune.com/asia/2024/04/03/byd-loses-ev-crown-to-te...

The EU just got a step closer to hitting Chinese EVs with additional tariffs—and may even apply them retroactively https://fortune.com/2024/03/07/eu-nears-hitting-chinese-evs-...

Re: Jack Ma steps out from the shadows with morale-boosting post

#89

Post by spxneo »

Seeing Jack Ma come out like this makes me think things are very grim in China and I been obsessively following it for years.

Historically, no country has survived without paying its government workers for more than 24 months.

China has just entered its 16th month. so roughly 8 months remaining. coincidentally the new US president will be announced around then.

So far the actions of Israel, Russia's confidence suggests Trump re-election. China appears to be waiting and speed running its military re-armament but I wonder if decades of neglect can be overcome within just 3 quarters...

Re: Jack Ma steps out from the shadows with morale-boosting post

#90

Post by [deleted] »

nebula8804 wrote: post #77
amou234 wrote: post #74

Earlier quoted context omitted.

> The future of Chinese tech belongs to companies that are much more fast moving Not at all. The future of Chinese tech is state owned enterprises [1]. Just like other Chinese industries, such as state owned real estates [2] or state run communal restaurants [3]. Just like Soviet Union, before it fell. "The Peterson Institute for International Economics analyzed the market capitalization of China's top 100 companies.…

I don't know man, from the outside looking in it seems like despite this arrangement, the people doing the day to day work are fiercely competitive and they want it all. This is just an anecdote but I have seen talks where the Chinese look at the silicon valley grind culture of long working hours and sacrifice and think how can these people be so lazy? Maybe state ownership will collapse it all, maybe the coming demo…

[deleted]
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