Chinese Economics Thread

[SimaQian]

A surprising level headed opinion piece from the Guardian about the Huawei fiasco. The opinion piece assertion is that this Huawei fiasco is politically, and not trade driven.

Opinion
The tensions over Huawei are not about trade, but global supremacy
Laurie Macfarlane
The real fear for the US and the UK is that China’s authoritarian economic model could spell the end of liberal capitalism

Thu 16 Jul 2020 08.22 EDT

Rest of the article.

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It is very clear the liberal capitalism only benefits the few.
Western media always pointed out the top 1% of the population hold 50 to 80% of the wealth.
The inequality widens even more between those have and have nots.

This is even more pronounce with the current virus situation. The US stock market is at all time high while average people income is at all time low. They created more money to make the rich more richer.

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In the Chinese system, inequality also grew but the largest money makers do not belong to the few but to the state. And the state gives back the money to the people through improvement in people's lives.

The western elites are very detach with reality. And guess what happens when rich people indulge in their riches and ignored the hungry and detach with reality, rich peoples' head are also detach from their bodies. Just like King Louis XVI.

 

[KYli]

He might, but it is not easy for China to get a hold of someone of his caliber. That said, he has burned his bridges with both Taiwan and South Korea so unless the U.S. offers him a cushy position, he doesn’t have anywhere to go.

In addition, Samsung never fulfilled its promise to Liang by not offering him the top job which is the same reason why he left TSMC in the first place. Furthermore, Liang is only valuable up til 7nm as his expertise and experience in 7nm would help expedited the progress.

 

[Dolcevita]

The chinese people's to decide that, not you.

翻个墙,更爱国. do you even ?

Internet chaos and misinformation is even more detrimental to growth. Look at what's happening in the US where it has breed hatred and social divide. Trump is a result of this social media manipulation and misinformation.

 

[localizer]

Internet chaos and misinformation is even more detrimental to growth. Look at what's happening in the US where it has breed hatred and social divide. Trump is a result of this social media manipulation and misinformation.

Yes and FLG and Indians have ruined the internet for everyone.

 

[Petrolicious88]

Internet chaos and misinformation is even more detrimental to growth. Look at what's happening in the US where it has breed hatred and social divide. Trump is a result of this social media manipulation and misinformation.

Having internet freedom doesn’t automatically mean “internet chaos and misinformation”. Aren’t chinese people smart enough to decide for themselves what information they want to access. A lot of people in China are already using VPN anyway.

 

[localizer]

Having internet freedom doesn’t automatically mean “internet chaos and misinformation”. Aren’t chinese people smart enough to decide for themselves what information they want to access. They should have that choice.

I want freer internet to be done carefully.

I think there needs to be some fact checking system in place for searches. Like every google search has some references or expert opinions.

 

[Nobonita Barua]

Having internet freedom doesn’t automatically mean “internet chaos and misinformation”. Aren’t chinese people smart enough to decide for themselves what information they want to access. A lot of people in China are already using VPN anyway.

Is this also true for the champ?
Does this mean, the lion's share of most illicit things like pornography & other disgusting things , the only things that are IP copyrighted, manufactured & distributed by the United States not of America, there people who "consciously choose" to make these think pornography, nudism , exploring different fetishes is the epitome of smartness?
Because if i take that pornography sector out , i don't see the people from the champ country did anything that spells smartness.
Looking at covid, i would say most of them are actually pure & simple dumb.
Is it because of too much smartness or too much freedom? Or combo of both? I have seen some U.Sians use the word "uncontrollable freedom".

Another things that comes to mind, if "letting" people decide what's best for themselves" is the motto for the global champ, why is it that this champ is also champ if "classifying information" ? How is it possible that there govt decides what information are classified & not accessible in a country where government is supposedly, by the people, of the people, for the people?
I find this to be self contradictory.

 

[vincent]

Having internet freedom doesn’t automatically mean “internet chaos and misinformation”. Aren’t chinese people smart enough to decide for themselves what information they want to access. A lot of people in China are already using VPN anyway.

Majority of people lacks critical thinking skills

 

[KYli]

The internet doesn't breed morons. It is just overrun by morons.

 

[localizer]

The internet doesn't breed morons. It is just overrun by morons.

One argument you could make for open internet is to let the Chinese troll army overrun the internet to push Chinese views.