The Future, Made in China
newyorker.com
The Future, Made in China
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Re: The Future, Made in China
#2Long-winded, as anyone familiar with the New Yorker would expect. But still very good.
Whatever its other weaknesses, China has the enormous advantage that the people really in power are focused on raising China to global dominance. Vs. those really in power in America are, at best, worried about their personal status and wealth at the end of the next fiscal quarter.
Re: The Future, Made in China
#3Re: The Future, Made in China
#4Long-winded, as anyone familiar with the New Yorker would expect. But still very good. Whatever its other weaknesses, China has the enormous advantage that the people really in power are focused on raising China to global dominance. Vs. those really in power in America are, at best, worried about their personal status and wealth at the end of the next fiscal quarter.
The Chinese leadership realized one doesn't exclude the other.
Also, a leadership that is so enormously autocratic simply has to juggle fewer balls at the same time.
Re: The Future, Made in China
#5Maybe we shouldn't have moved the entire supply chain to asia.
"we"
Re: The Future, Made in China
#6Long-winded, as anyone familiar with the New Yorker would expect. But still very good. Whatever its other weaknesses, China has the enormous advantage that the people really in power are focused on raising China to global dominance. Vs. those really in power in America are, at best, worried about their personal status and wealth at the end of the next fiscal quarter.
What you said about "next fiscal quarter" is exactly right, and goes along with us (in the US) only thinking politically in 4 year cycles... which means on average we are thinking only 2 years ahead.
China is the master of the long-game. It's shortest cycles are 5 year tactical plans. Their strategic plans go far beyond.
I don't know what the solution is in the US (and West in general) to be able to think 25+ years ahead, as no material incentive would do the job; only cultural/society/civilizational goals make someone think that far ahead (religion does too).
If the US can't think that far ahead for the same reasons as China, maybe we need to find things we care about long term and tie economic development to that (family, religion, and even our potential extreme longevity).
Re: The Future, Made in China
#7Maybe we shouldn't have moved the entire supply chain to asia. "we"
Luckily for the rest of the world, your elites have made that mistake.
Re: The Future, Made in China
#8Re: The Future, Made in China
#9Long-winded, as anyone familiar with the New Yorker would expect. But still very good. Whatever its other weaknesses, China has the enormous advantage that the people really in power are focused on raising China to global dominance. Vs. those really in power in America are, at best, worried about their personal status and wealth at the end of the next fiscal quarter.
China had an enermous corruption problem, what are you talking about? Xi has been on an anti-corruption campagin since 2012 and they are just getting rid of top leaders like just last month. And I am sure his "anti-corruption" campaign is totally not ignoring some aspects.
While Trump might be an outlier in how obvious the grift is, that doesn't make China suddenly the good guys who only care about their country or the people when they are not busy bulldozing them into drains like they did in 1995.
Re: The Future, Made in China
#10Long-winded, as anyone familiar with the New Yorker would expect. But still very good. Whatever its other weaknesses, China has the enormous advantage that the people really in power are focused on raising China to global dominance. Vs. those really in power in America are, at best, worried about their personal status and wealth at the end of the next fiscal quarter.
What you said about "next fiscal quarter" is exactly right, and goes along with us (in the US) only thinking politically in 4 year cycles... which means on average we are thinking only 2 years ahead. China is the master of the long-game. It's shortest cycles are 5 year tactical plans. Their strategic plans go far beyond. I don't know what the solution is in the US (and West in general) to be able to think 25+ years a…
> I don't know what the solution is in the US (and West in general) to be able to think 25+ years ahead, as no material incentive would do the job
Eliminate share buybacks. Raise the top tax bracket to 95% on earnings over $10m. Executive shares cannot be exercised until retirement if you really want to get aggressive.
The nuclear option would be stocks cannot be used as collateral for loans, it would shore up 90% of the nonsense overnight and have 0 negative impact on 99.99% of the general public.