Earlier quoted context omitted.
The boss of ARM China was fired by the company board, decided he has a different opinion on the matter, changed the locks to the office and just stopped communicating with the rest of the company. The chinese courts sided with him, then when SoftBank acquired them, the company staff just left, took all the IP and started a new company. https://www.semianalysis.com/p/the-semiconductor-heist-of-th... https://www.datace…
To be fair it wasn’t actually retarded because no one could foresee China stealing arm’s IP.
Jack Ma steps out from the shadows with morale-boosting post
181–190 of 204 posts
Re: Jack Ma steps out from the shadows with morale-boosting post
#182Re: Jack Ma steps out from the shadows with morale-boosting post
#183Earlier quoted context omitted.
The CCP is communist like I'm Chinese. They're just run-of-the-mill nationalist authoritarians.
Which communist regime has not been nationalist authoritarian? Yes, in theory it is different thing but somehow in practice it always ends up like this.
Re: Jack Ma steps out from the shadows with morale-boosting post
#184Earlier quoted context omitted.
I understand the feeling, but on the other hand I don't think these are good examples because these people have gotten filthy rich and it's not clear to me if we actually need such accumulation of wealth. There's probably a healthy cap somewhere, the same way power is capped in the government.
I agree with your extreme wealth sentiment, but a government-imposed cap on wealth would be a much much bigger problem overall.
Re: Jack Ma steps out from the shadows with morale-boosting post
#185Earlier 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.
Sure, then by all means share your evidence or data for a successful foreign state owned enterprise vs private enterprises in that country and other countries
Re: Jack Ma steps out from the shadows with morale-boosting post
#186I 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…
However this doesn't mean China's GDP will get back to fast growth. Its economy is constrained by demand, not supply. Anyone who has experience with Chinese elders would know how thrifty they are no matter how much wealth they have.
Re: Jack Ma steps out from the shadows with morale-boosting post
#187Earlier quoted context omitted.
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…
there is zero link between hard work and wealth. There is a link between wealth and exploitation.
Seems like a clear link.
Re: Jack Ma steps out from the shadows with morale-boosting post
#188Earlier quoted context omitted.
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.
That's not even in Leninism, no. Read Lenin's "State & Revolution" and you will definitely come away with a different impression -- he speaks openly about the abolition of the authoritarian state and a radical democracy... just not a parliamentary one. 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 civi…
Re: Jack Ma steps out from the shadows with morale-boosting post
#189Earlier quoted context omitted.
That's not even in Leninism, no. Read Lenin's "State & Revolution" and you will definitely come away with a different impression -- he speaks openly about the abolition of the authoritarian state and a radical democracy... just not a parliamentary one. 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 civi…
For sure, there is more nuance that happens here. Some of what the early Soviet government authorized during the Russian Civil War with the Whites was not all that different from what Lincoln authorized for the Union during the American civil war. So I give some leeway to Lenin on that. For sure, Lenin never intended Stalin to get power. After all, Lenin made Stalin party secretary general or something like that, whi…
Stalin rose through the ranks by being a seemingly "competent" administrator who restored the power of the old Tsarist bureaucracy to "get things done."
But in general, Lenin gets a bad rap for the awful things his successor did.
You'll note that Putin admires Stalin but loathes Lenin. Even bizarrely singling Lenin out for his positions on Ukraine and the national question etc in his crazy speech justifying their aggression on the eve of their invasion.
It's a horrible tragedy of history in which millions died and all of eastern Europe fell under a terrible dark iron curtain which took the name "communism" but the name is effectively irrelevant. What it really was was a broken down highly authoritarian single party state that used the badge of "socialism" to lend itself legitimacy while doing very awful things in the name of Russian nationalism, certain individuals, the Party, etc. etc. Kleptocratic clique under the guise of a revolutionary state.
As we can see in China today the actual economic political model doesn't even matter. They'll use the name "communism" even when what they're doing is absolutely savagely market driven, or something else, like the quasi-theocracy in North Korea.
What they labelled as socialism in the East bears almost no resemblance to what socialists in the West advocated. But the label of "communism" will forever be marred by what these people did.
EDIT: A good classic book on this topic is "Leninism under Lenin" by Marcel Liebmann (https://www.haymarketbooks.org/books/908-leninism-under-leni...) -- now, whether that old book can stand the test of time now that more historical records from that period are open, I don't know. I'd be curious to see a (non-ideologically motivated) Russian historian with access to records from the Revolution take it apart.
https://www.marxists.org/archive/mandel/1975/xx/liebman.html
Re: Jack Ma steps out from the shadows with morale-boosting post
#190Earlier quoted context omitted.
Sure, then by all means share your evidence or data for a successful foreign state owned enterprise vs private enterprises in that country and other countries
Aramco