Live data from Hacker News

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

reuters.com

151–160 of 204 posts

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

#151
post #139
post #137

Earlier quoted context omitted.

Believe it or not but not everyone shares your enthusiasm towards the idea of privatizing United States Postal Service.

The idea? It’s already a private corporation.

Read the first line: https://en.m.wikipedia.org/wiki/United_States_Postal_Service

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

#152
post #139

Earlier quoted context omitted.

The idea? It’s already a private corporation.

Read the first line: https://en.m.wikipedia.org/wiki/United_States_Postal_Service

There you go.

For some reason I thought it was a quasi-private company owned partially by the government.

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

#153
post #143

Earlier quoted context omitted.

Well, this is a forum where some degree of openmindedness is encouraged. There have been far many more economic and capital systems on this rock than just American capitalism.

I used to think it’s open mindedness but I think it’s more hubris. The other day a guy was complaining about being in jail for a time and how unfair it was that he had a criminal record. Lots of open minded people praising him. Then a new user called him out for trying to get with a 12 year old. Yikes.

Regardless, China figured out some formula that has been incredibly successful the last couple decades. While I have doubts about this approach being sustainable, hindsight is 20/20 and we can’t predict the future.

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

#154
post #140

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…

From what I’ve seen the motivation of Chinese workers is the same as any worker - to make money.

You would be astonished how many people want to live a calm and good life, with making money as just one mean, and hence secondary, if you would come out of your capitalist bubble.

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

#155
post #96
post #89

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…

wdym China is not payment its government workers?

I'm guessing it's an exaggerated version of this: https://www.aljazeera.com/amp/economy/2023/5/11/chinas-cash-... I'm amazed people would/could put up with being unpaid for multiple months.

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

#156
post #111

Earlier quoted context omitted.

Aren't you presenting a false dichotomy here? Perhaps they are having their cake and eating it too, so to speak. Not to comment on the supposed economic malaise of the moment. Sometimes state-owned enterprises might be able to outperform a private structure!

It's a bit hilarious that there are attempts to convince people on a board for hackers and startup founders that state owned enterprises are great and amazing!!

It shouldn't take much effort, the results speak for themselves...

We did get to the moon with "state owned enterprises" anyway...

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

#157
post #111

Earlier quoted context omitted.

Aren't you presenting a false dichotomy here? Perhaps they are having their cake and eating it too, so to speak. Not to comment on the supposed economic malaise of the moment. Sometimes state-owned enterprises might be able to outperform a private structure!

When you are subsidized by a billion tax payers, you better beat the private sector! The more important question is if it is worth it, since money spent is zero sum.

It's not "zero sum" if you have exports...

Also, we could use more zero sum that redistributes wealth towards huge masses, even if that means some billionaires will have fewer billions...

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

#158
post #111

Earlier quoted context omitted.

Aren't you presenting a false dichotomy here? Perhaps they are having their cake and eating it too, so to speak. Not to comment on the supposed economic malaise of the moment. Sometimes state-owned enterprises might be able to outperform a private structure!

>Sometimes state-owned enterprises might be able to outperform a private structure! But it's extremely unlikely, given how often the opposite occurs instead in historical data.

How often does it really occur? In historical data, not in "free market" ideological narratives...

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

#159
post #145

Earlier quoted context omitted.

The lie flat movement is a legitimate movement that touches upon the same problems the youth are experiencing elsewhere around the world but it appears to be a fizzling movement everywhere. Even the US equivalent of quiet quitting and utter hopelessness is waning in the US with the slow demise of the far left and right.

> Even the US equivalent of quiet quitting and utter hopelessness is waning in the US with the slow demise of the far left and right. This is all news to me.

Its easy to see this in the US. Ignore the news and Twitter and look at results. This election cycle Justice Democrats: the poster child of the progressive left has no choice but to just defend their existing seats having already lost one and some of their top stars nearly losing their seats last cycle.

Ignoring the age issue in the far right (not enough young people replacing the dying elders in the movement), we have repeated losses in special elections due to their stance on abortion indicating their current plan of action is not in sync with where the country is. That does not look long term promising for the movement. Either they move left or they will continue to cede power at all levels of the government.

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

#160

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 one doubts that Chinese people work incredibly long hours. They do so because there’s been a strong link between input and output. The harder you work, the wealthier you get. That has been incredibly motivating … so far. In an economy that isn’t growing quite so fast, people might not see the same returns for their labour that they did between 2001-19. They might not work as hard. That’s speculation though. What w…

Yeah like I said it could still collapse, but I am not ready to write them off so quickly like others are, thats all.
Post reply on HN