Earlier quoted context omitted.
If that were true then the entire education industry globally is a scam which i simply can't believe. Have you never had a great lecturer who can deliver information in a way which makes more sense to you then just reading it off a website?
I have, but the chance of getting that when you pay for an education is low enough for it to be an anomaly in my experience.
Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
61–70 of 125 posts
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#62If you just contrast what Xi is orchestrating vs what's happening in the US with open eyes, you'd see that maintaining the status quo is impossible. We're too fat and complacent and there are too many leeches on government spending. This is the holy shit kind of article that made me realize we're going to lose our place on top. I don't even know how to help stop it.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#63Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#64Earlier quoted context omitted.
> Bitcoin is the obvious example of something that should have been banned years ago (and all proof of work crypto) not that i would invest in bitcoins (or any crypto), but i don't see it as an obvious ban. The only reason i can deduce from your "obviousness" comment is that proof of works "wastes" energy. But then it is hypocritical to argue this when other modern conveniences also "waste" energy, and yet you don't…
Bitcoin uses energy without providing substantial utility unavailable from other vastly less wasteful alternatives. Additionally it provides a place for the rich and ruthless to prey on the weak and gullible with endless washtrades and exchange scams. It should be banned.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#65Earlier quoted context omitted.
Pretty much. Deluded people who think Xi and politburo fears tech billionairs when actually dangerous rival factions and unreliable military brass have already been managed / purged. And TFW all of these supposedly desperate moves for survival just happens to meet needs of commoner or improve comprehensive national power. Generic whining about Xi being authoritairan overlooks possiblity of him also being a generally…
Hang on, what about all the people he's had executed? What about their interests? Shooting people doesn't seem benevolent to me.
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>PRC (national) interests
Governance priorities and development generally going right under Xi. Crack egg to make omelette etc. Incidentally, political executions also way down after his reforms, customary executions now "death with reprieve" sentences, where death is suspended. Way things are going, Xi's hagliography is going to be 10% bad and 90% good, especially if he can avoid war with US. Otherwise, hard to argue he isn't resolving or trying to resolves some of modern PRC's most entrenched problems across many domains.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#66Earlier quoted context omitted.
To put it this way is too much of a simplification. There is good and bad. For now their priorities intersect with the chinese commoner, ie. Protecting themselves via serving the chinese commoner. Another bonus to this is the ability to make harder decisions now for the sake of the future. The fact of the matter is that with this 'aligned interests' dictatorial style you can more done and plan for the future - so lon…
Authoritarian decision making is great until the authority starts making the wrong decisions. The bipartisan politics of the the US is not a bug, it’s a feature. It was entirely intentional that power was split and broad consensus was required to get anything done.
by the way, i actually really disdain founding fathers veneration, but two-party deadlock was infamously _not_ intentional. neither was our increasingly corporatocratic government.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#67I can see why hackernews was (is?) banned in china. You guys see nothing but negatives in any policy decision that comes out of there. Sure there are some power struggles, sure there's a powerful cadre of billionaires who own the politics of the country but aside from the pretty disgusting issues with the Uighurs I would consider china up there with Norway in terms of country development. If you just contrast what Xi…
I've always used it as a way of testing my internet connection there since HN loads quickly and has been ignored by basically every filter everywhere. I haven't been to China since borders were shut down, but HN worked there last January.
And to address everything else, I wouldn't say China is Norway-level, but they're definitely on a very clear upward path of development and accelerating. I think a lot of other countries have gotten comfortable with their place somewhere near the top and assume it's an intrinsic trait their country holds, and not something they need to work for.
e.g., As an American, loads of people I know say America is the absolute greatest place on earth (maybe it is in some aspects). But mention that it's falling behind in some ways (crumbling infrastructure, etc) and some people refuse to acknowledge it. Say some countries (especially any country in Asia and particularly China) do any single thing better than the US, and a large number of people get absolutely enraged. It's wild. Even people who a couple years ago would've proudly shouted about how much they hate nationalism and especially jingoism seem to be falling into that trap.
It's hard to improve your country when people think country development is an immutable trait, and not something you need to constantly work for.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#68People should stop calling China a communist state, when isn't. If they we are truly communist, not will be medical insurances or a "entrepreneur" driving it. It would have a public medical system that cover everything, and the business would be driven by the workers of it.
However, that they hit hard on private education, it's a good step. Private education never should allowed to exists. Only a quality public education system can give access to good education to everybody.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#69I feel like investing in market pathologies has become too common and modern democratic governments are far too slow at doing there roles and curbing such behaviour. Bitcoin is the obvious example of something that should have been banned years ago (and all proof of work crypto), but there are so many examples coming up daily, if there was ever any faith in institutions it's eroding quickly, and once you remove that…
If they didn't have their thumb on the scale, interest rates would be higher and boring, stodgy savers would be in control of the money instead of the sort of people who think Bitcoin looks like a good idea.
If they don't want people putting money into insanely risky ventures they should stop punishing people who invest in low risk ventures.
Re: Xi Jinping’s Capitalist Smackdown Sparks a $1T Reckoning
#70In America, politicians are controlled by billionaires. This comes at the cost of national interest, given that winner-takes-all systems are gini coefficient maximizers. In China, politicians control billionaires. At least in theory, especially given how much the Chinese political establishment is attuned to the needs of the Chinese commoner, this does protect the national interest.