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Jack Ma steps out from the shadows with morale-boosting post
141–150 of 204 posts
Re: Jack Ma steps out from the shadows with morale-boosting post
#142Earlier 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.
Clearly not since even the middle class in the US holds trillions in wealth and the vast majority did it through work.
Re: Jack Ma steps out from the shadows with morale-boosting post
#143Earlier quoted context omitted.
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!!
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.
Re: Jack Ma steps out from the shadows with morale-boosting post
#144Earlier 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.…
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.
Re: Jack Ma steps out from the shadows with morale-boosting post
#145Earlier quoted context omitted.
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 s…
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.
Re: Jack Ma steps out from the shadows with morale-boosting post
#146Earlier 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!!
I think it’s good to be clear headed and acknowledge empirical evidence when it’s there. Context is useful in understanding the mechanisms of society!
“This thing goes against my orthodoxy therefore I refuse to see it” is exactly the sort of attitude that gets you far away from success.
For the record, I was merely saying it’s possible for a state owned enterprise to do things quickly, even if in practice most of them don’t. So much of the world is just about having the right kind of people at the right place, and that’s true in the public sphere and the private one.
Re: Jack Ma steps out from the shadows with morale-boosting post
#147Just 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…
I'm not sure it is safe to build wealth anywhere, anymore, although the US is the country I chose to register my company in, because it is probably the safest. Still, I have my reservations. Petty theft like shoplifting is being increasingly normalized and justified in the US (see train package theft), and enforcement of property law is slipping, see how home owners can lose their home to "squatting". This is a very…
Did you really just compare the state of America to... the Russian Revolution?
Re: Jack Ma steps out from the shadows with morale-boosting post
#148Earlier quoted context omitted.
I'm not sure it is safe to build wealth anywhere, anymore, although the US is the country I chose to register my company in, because it is probably the safest. Still, I have my reservations. Petty theft like shoplifting is being increasingly normalized and justified in the US (see train package theft), and enforcement of property law is slipping, see how home owners can lose their home to "squatting". This is a very…
Did you really just compare the state of America to... the Russian Revolution?
Fair, I think. We had protestors storm the centers of government, attempting to overthrow it, after the last election. So many similarities if you only look.
Re: Jack Ma steps out from the shadows with morale-boosting post
#149Earlier 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…
That explains so much! Alibaba search randomly adds items I've previously bought to totally unrelated searches, so it does feel like a bad recommender system.
Re: Jack Ma steps out from the shadows with morale-boosting post
#150Earlier quoted context omitted.
>laying flat https://en.wikipedia.org/wiki/Tang_ping
This is a phenomenon we see in the entire developed world, or possibly the entire world, including in the west and Japan (NEETs, Hikikomori).
The youth in china are overwhelmingly overeducated _relative_ to their economic structure.