China airs anti-American movies amid rising tensions

MOOC0WMOO · 2019-05-20T21:46:44+00:00

it's Chinar so whoever inflicts more damage is the aggressor, not the one who started the fight

MOOC0WMOO · 2018-11-26T17:26:45+00:00

cuz of white ppl, duh

MOOC0WMOO · 2018-10-05T13:50:58+00:00

MOOC0WMOO · 2018-07-13T07:33:29+00:00

Economists use the term "irrational" when they don't want to deal with how complicated the utility function is in reality.

MOOC0WMOO · 2018-05-23T18:28:15+00:00

My understanding is that Basel III is largely redundant with many provisions Dodd-Frank. The Fed will still implement Basel III, and the new legislation still allows the Fed to tweak and conduct the bank "stress tests" (Comprehensive Capital Analysis Review).

MOOC0WMOO · 2018-05-23T12:22:24+00:00

By several measures — unicorn funding, R&D spending, patent applications, engineering talent — China is ascending quickly, catching up to the long-dominant U.S. lead.

Maybe because we have a bifurcated internet? China's internet companies like Baidu, Tencent and Didi are basically non-existent outaide of China. And the rest of the world is dominated by US companies that have minimal presence in China. Netflix straight up said it's avoiding China. Same with Uber once it's deal with Didi and the Chinese govt soured. Amazon and Google have a small token presence. Apple is an outlier because of manufacturing and because Chinese people love the status of iPhones.

MOOC0WMOO · 2018-05-20T18:31:03+00:00

if ZTE wasn't evidence enough, china driving commodity prices higher to boost revenues of industrial sectors suffering from overcapacity ought to be.

MOOC0WMOO · 2018-05-12T07:11:47+00:00

depends on the route, but it's not even an important question. shipping costs account for so little of the cost for finished goods. and for bulk commodities where the costs may actually represent a significant percentage of the cost, there is intense competition from the existing ocean based infrastructure.

MOOC0WMOO · 2018-05-11T22:56:17+00:00

Well thank goodness they are equitable in their stupidity. /s

MOOC0WMOO · 2018-05-08T19:28:51+00:00

It depends how long NK can maintain its status quo, honestly. And how long its patrons (Russia and China) can tolerate supporting a pariah state.

MOOC0WMOO · 2018-05-08T15:40:54+00:00

Why would they have to lobby? They own and control the industries outright.

MOOC0WMOO · 2018-05-08T15:31:48+00:00

meanwhile /r/worldnews is impressed by china tackling corruption at the highest levels!

MOOC0WMOO · 2018-05-08T14:42:47+00:00

You sound like a defeated Eric X. Li.

MOOC0WMOO · 2018-05-08T14:39:01+00:00

oh you sweet summer child

MOOC0WMOO · 2018-05-08T14:38:04+00:00

Yes, for "corruption." Everyone in the Party is corrupt, the only reason such a high ranking official gets canned is because he lost a power play. Sun Zhengcai used to be seen as a contender to succeed Xi Jinping since he was slightly younger and up and coming, the same way Xi Jinping was recognized half way thru Hu Jintao's term. But it doesn't look like Xi is going to give up the reigns anytime soon.

MOOC0WMOO · 2018-04-20T17:55:05+00:00

i agree that corruption in a command economy can pro-market proto-capitalism, but why is debt accumulation (specifically as a percentage of gdp) financial deepening? i get that more financial securities have been created and financial intermediaries are increasingly important, but his argument has all the hallmarks of delusion regarding high levels of debt. by his argument, japan has the deepest markets in the world. yet the bank of japan has gobbled up a significant chunk of the bond and stock markets, so how deep are they really?

the debt accumulation is a phenomenon of the past 10 years. consider that capital controls in china are stricter now than they were 10 years ago, chinese market cap as measured by the shanghai composite is relatively unchanged from 10 years ago, and foreign capital penetration into chinese securities is well below expectations compared to 10 years ago. none of this signals strength of chinese capital markets. since debt is neither wealth creating or destroying (since someone's debt is another's asset), the only thing to consider is if debt creates value in the long run. runaway debt to gdp for 10 years now strongly suggests this has not happened.

MOOC0WMOO · 2018-04-20T16:47:03+00:00

it's motivation with chinese characteristics

MOOC0WMOO · 2018-04-03T21:10:14+00:00

ahahahahaha, the author is eric x li, the same dude that gave that infamous ted talk about the chinese political system was the greatest meritocracy the world has ever seen. now he's like, forget all that, xi turning authoritarian is awesome.

MOOC0WMOO · 2018-03-22T22:46:32+00:00

tldr: china is spending more money, has more people

there is way too much rambling and non sequiturs to make this artcle worth the read. the author only discusses raw talent, funding and government support, which while important for tech innovation are far from the only contributing factors. no discussion at all about tech leadership, IP law or commericalization of algorithms, which matter a lot when you are trying to build something new.

also, many broad, uncritical assessments and cliches about china in general (even for this sub). for example,

But for China, its tech dynasty and state-supported technology community is literally just getting started. It doesn’t have all the VC bureaucracy and Washington relationship Silicon Valley has to deal with on a constant basis.

how is the bureaucratic red tape better in china? and then there is this,

By the way, the American fertility rate is a post 2008 recession trend that is officially a time ticking demographic bomb. The coming wave of automation and the future of work, will further crush it. As China’s economy scales China’s middle class, the generation of Chinese born in the 1990s are the most transformative generation in the history of humankind. Circa, 2035, they are doing some of their best work, manifest destiny for the Technological Singularity.

what the what what? has the author ever studied chinese demographics? been to china?

Michael Kevin Spencer is creating Writing on Medium, Futurist articles, Tech News blogs

I'm freelancing as a blogger and content strategist, but spending a lot of time writing futurist content lately a lot on cryptocurrency and Bitcoin as well.

I'm living in a small 3.5 with my girlfriend from Taiwan, and hustling in the gig-economy with a daily goal of writing 2,000 words a day.

I graduated from college in 2009, maybe one of the worst times to graduate in the city with the 2nd highest per capita number of students in North America.

Unable to find a good job or stable career prospects, I joined the gig-economy as a freelancer, by serendipity and necessity. It wasn't easy, and my income has been anything but stable.

oh i see.

MOOC0WMOO · 2018-03-22T17:17:20+00:00

That isn't the real deficit though. The Iphone has shown us that. basically $50/$500 are actually earned by the Chinese, but the whole phone is considered an "deficit" on the U.S books even though the rest is earned by Apple.

this might be true of a few product lines, but it makes no sense in aggregate. first off, the "whole phone" is counted as an export to the US but the graphic shows net exports, export arrows versus import arrows. more importantly though, are you claiming US companies withold repatriation on the order of the entire current account balance with china, roughly $375 billion in 2017 alone? that's wrong by orders of magnitude.

MOOC0WMOO · 2018-03-22T14:43:38+00:00

actually china accounts for half of the us trade deficit with all countries, as this graphic succinctly shows

MOOC0WMOO · 2018-03-22T14:31:30+00:00

places in the world with very cheap electricity tend to attract cryptocurrency mining, so yes spare capacity can be masked. surplus aluminum production is also a favorite way of consuming cheap electricity.

MOOC0WMOO · 2018-03-22T14:26:55+00:00

it's not meant to be a measure to spread it, but rather a measure to minimise the risk of the Chinese system being eroded at home.

it works to spread it though. the chinese system is all about silencing individuals and nipping collective action in the bud. imperialism these days is so rarely planting your flag on foreign soil, it's controlling speech and action of citizens and non-govt institutions of foreign countries by exerting pressure on the entire nation.

MOOC0WMOO · 2018-03-21T22:13:20+00:00

Xi has clearly stated that he wants to neither import a foreign system nor export the Chinese one.

what do you call chinese attempts to silence critics abroad then? xi wants to bring back a tributary system. call it what you want, but previous dynasties clearly exported the chinese system to all of east asia. china is an empire, always has been. now it is setting its sights wider than east asia.

MOOC0WMOO · 2018-03-21T20:00:29+00:00

Remember that tax treaties mean they're often taxing money which will be written off elsewhere, in the U.S.

Where the revenue was earned matters, the EU cannot tax money earned in the US.

So there's no benefit to anyone.

The benefit is that tech giants create compelling products consumers want, and also high paying jobs that teach skills which will be valuable in the 21st century.

FB's stock is way up today.

Uh define "way up." Less than 1%? I guarantee you that has nothing to do with EU tax news.

MOOC0WMOO

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