101–110 of 204 posts
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 sugges…
The last blurb in the article is the most damning part. "Ma spends much of his time abroad, especially in Japan where he is a visiting professor at Tokyo College, a research institute run by the University of Tokyo" Jack Ma has no hope for China, as evident by his action. The long internal post may have been requested by the Chinese government, or his staff, to somehow rally Alibaba's failing image. But Jack sees the…
Could have been written simply out of fear as well. No matter where he goes, he's not safe from the CCP, so better try and stay in their good graces.
Earlier quoted context omitted.
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 retroactivel…
Ok feel free to not be worried. I'd rather listen to Elon in this regard, this is one thing he does have experience in. [1]: https://www.reuters.com/business/autos-transportation/tesla-... >The EU just got a step closer to hitting Chinese EVs with additional tariffs—and may even apply them retroactively The EU having no major tech giants to call their own has pivoted to regulation and tariffs against both China and t…
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…
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? Working long hours isn't necessarily efficient.
The last blurb in the article is the most damning part. "Ma spends much of his time abroad, especially in Japan where he is a visiting professor at Tokyo College, a research institute run by the University of Tokyo" Jack Ma has no hope for China, as evident by his action. The long internal post may have been requested by the Chinese government, or his staff, to somehow rally Alibaba's failing image. But Jack sees the…
Do you read his teaching job as a pretext to be in Japan or has his wealth been somewhat confiscated?
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.
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…
That’s speculation though. What we do know is that the CCP is changing the way of managing the economy. Between 1992 and 2019 they leaned heavily on the private sector for growth. They would do anything they needed to help private enterprise succeed. That approach paid rich dividends, it’s obvious.
Xi Jinping is going a different way now though. He reckons he knows better than Deng, the architect of the Chinese economic miracle. His approach is to pick winners and losers. It may succeed because he’s picked good horses so far - EVs, solar panels, AI, semiconductors. And state led capitalism has had success in China, with major players like Huawei doing well despite major headwinds.
Because of this shift in approach you can’t extrapolate from the success of 2001-19 and say China’s future success is inevitable.
Earlier quoted context omitted.
sounds like the best possible endorsement to me
It would, if you are a closeted fascist.
Just going by appearances, the story at the time looked a lot like Jack Ma fleeing the country for a bit. One minute he was disturbing the tranquillity in China then the next he was picking up some Zen among the cherry blossoms. It is interesting to compare-and-contrast Jack Ma and Elon Musk who seems to me the nearest analogue in the US. How their host countries treat them says a lot about the real cultural differen…
To me there's nothing 1984 or dystopian about this. The guy was building a company that was hurting the people. If anything we need more of this in the US.
[0] https://www.google.com/amp/s/amp.cnn.com/cnn/2023/07/07/tech...
Earlier quoted context omitted.
Isn't communism supposed to be achieved through authoritarianism, after which the state "withers away" [sic]?
AFAIK (“Seeing like a State”), that’s specific to the Leninist modality. I very well could be misinformed, but, the book mentions essentially a moment where democratic-socialism was co-opted by authoritarian communism (Leninism), so that’s what the world ended up with.
Though clearly what happened in the USSR in the 20s was something different from what he wrote. What you saw in Russia in that period was a response to an ongoing civil war, followed by the rise of Stalin.. who, yes, really did believe in brutal authoritarianism.
All these Stalinist states (and I would classify China this way too) will pay lip service to Leninism as a way to seek ideological legitimacy. But their "official" readings of Marx and Lenin are very... creative... shall we say.
But it's 1:30am and I should no be getting into this argument.