Chinese Economics Thread

[supersnoop]

Thirdly, do you know why the anglo corporate culture is so successful?
Because anglos have replaced the family with the corporate entity as their social unit, in their hyper capitalised society, be it Apple consumers touting their brand and products to white anglo bosses trying to force everyone to go back into the office post pandemic because they're lonely and have no family nor children and want to be around their 'tribe/family' who are in reality work colleagues.
Anyone who's ever worked corporate will note the cringeworthy "we are family" themes running across all corporate workplaces which runs to the benefit of the oligarch owners since they can expect you to work overtime for your 'work family' and yet not raise your pay. You can get KFC on fridays and donuts and maybe ping pong tables in the rec room, but no $500/week raises that would actually help you with your living conditions.

It's cringey to those of us who have strong family ties and strong family values; we know what a family is and corporate companies aint it. Work corporate is simply a place i go to get paid and when they try to get more work out of me without increasing pay i'll leave. In fact, have you noticed how deeply personal and hurt anglo bosses feel when you give your 2 weeks notice? That's by design, it's because they feel hurt and betrayed because the corporate workplace is their family.
I call it pathetic.

I've been saying something like this for a while now. Although, I disagree with the point about the small raises, many companies are willing to compensate well, but it's meaningless.

Have your phone on you all the time, Company dictates when you have time off, expectations to go on company excursions, etc. Like you said, replacing your own family with the corporation.

Even worse, you have toxic fandom for corporations. People defending Apple/Samsung/Google like they are their friends! Getting all worked up if they insult the new MacBook Pro like it was their high school buddy.

Now its going as far as people replacing their own names with corporate derived identities (Aquafina/Awkafina, the worst really)

This is getting way off topic, but you really got me going.

You can draw some parallels with the US failures in Iraq/Libya/Syria/Afghanistan. They expect to be welcome with open arms as liberators and material improvement, but they don't expect the people to have an issue with the cost to be paid which is the literal destruction of their families and religious belief. Telling people to fight against mom, dad, and God for "democracy"!

 

[PUFF_DRAGON]

Wang Huning's neoconservatism is fundamentally anti-Marxist and I much prefer Overseer Ma's take: family as a basic social unit is simply a product of the Industrial Revolution and it will fade away as means of production advance just like the old clan structure faded away as a result of the Industrial Revolution. There is nothing natural or fundamental about families.

The correct path forward is not trying to hold onto social arrangements of the past but to embrace social changes bought on by new means of production. In particular childcaring and education should be socialized. Reproduction too. Spend a few hundred billion dollars on researching artificial wombs. That's the way to halt population decline. China is a socialist country, so embrace a socialist future where the society will take care of the whole process from reproduction to education. People of the future will not have mother or father, they will only have the motherland, which will be perfectly fine.

Child rearing was socialized under Mao in communes. That didn't work out too well.

 

[Maikeru]

Wang Huning's neoconservatism is fundamentally anti-Marxist and I much prefer Overseer Ma's take: family as a basic social unit is simply a product of the Industrial Revolution and it will fade away as means of production advance just like the old clan structure faded away as a result of the Industrial Revolution. There is nothing natural or fundamental about families.

The correct path forward is not trying to hold onto social arrangements of the past but to embrace social changes bought on by new means of production. In particular childcaring and education should be socialized. Reproduction too. Spend a few hundred billion dollars on researching artificial wombs. That's the way to halt population decline. China is a socialist country, so embrace a socialist future where the society will take care of the whole process from reproduction to education. People of the future will not have mother or father, they will only have the motherland, which will be perfectly fine.

This view is wrong, anti-human and evil. Human beings are not ants.

 

[Anlsvrthng]

Thirdly, do you know why the anglo corporate culture is so successful?
Because anglos have replaced the family with the corporate entity as their social unit, in their hyper capitalised society, be it Apple consumers touting their brand and products to white anglo bosses trying to force everyone to go back into the office post pandemic because they're lonely and have no family nor children and want to be around their 'tribe/family' who are in reality work colleagues.
Anyone who's ever worked corporate will note the cringeworthy "we are family" themes running across all corporate workplaces which runs to the benefit of the oligarch owners since they can expect you to work overtime for your 'work family' and yet not raise your pay. You can get KFC on fridays and donuts and maybe ping pong tables in the rec room, but no $500/week raises that would actually help you with your living conditions.

It's cringey to those of us who have strong family ties and strong family values; we know what a family is and corporate companies aint it. Work corporate is simply a place i go to get paid and when they try to get more work out of me without increasing pay i'll leave. In fact, have you noticed how deeply personal and hurt anglo bosses feel when you give your 2 weeks notice? That's by design, it's because they feel hurt and betrayed because the corporate workplace is their family.
I call it pathetic.

Visibly you have no experience with the work cultures of different countries .

The family connections weaker in say UK because the corporate , legal and isntitutional framework stronger and higher quality than in China.


In China only the family can be trusted, the business/goverment/institutions not.
That increase the transaction cost, and decrease the country level efficiency .

Actually , the data supports the oposite that you try claim .
average working hours :
CHINA : 47 hours
USA : 34.8 hours
UK : 37 hours

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Interesting ,isn't it ?

The Chinese working lot of hours for they employer, and receive inferrior salalry not on exhange rate term, but by PPP .

 

[hashtagpls]

Visibly you have no experience with the work cultures of different countries .

The family connections weaker in say UK because the corporate , legal and isntitutional framework stronger and higher quality than in China.


In China only the family can be trusted, the business/goverment/institutions not.
That increase the transaction cost, and decrease the country level efficiency .

Actually , the data supports the oposite that you try claim .
average working hours :
CHINA : 47 hours
USA : 34.8 hours
UK : 37 hours

Please, Log in or Register to view URLs content!

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Interesting ,isn't it ?

The Chinese working lot of hours for they employer, and receive inferrior salalry not on exhange rate term, but by PPP .

Evidently you failed at comprehension;
Why would Anglo companies need to be so “friendly” bordering on creepy if not for the fact that workplaces in the anglosphere are now the modern rotary club, clan meeting place and knitting circle for atomised individuals without the sense of belonging and care that a family offers.
You raised a straw man since Anglo corporate culture simply took what worked in Asian corporate culture ie japans team building exercises and typical of white anglos stealing and repackaging Asian innovations, repackaged that into the Agile system that Anglo project managers now use.
Finally, why did you fail to note that Chinese working a lot of hours do so for the sake of their families such that the government has to step in and legislate against 996?
or do you think Chinese would prefer lgbt month over a $500/week raise?

 

[manqiangrexue]

Visibly you have no experience with the work cultures of different countries .

Visibly you have no understanding of China.

The family connections weaker in say UK because the corporate , legal and isntitutional framework stronger and higher quality than in China.

Unsupported and undefined.

In China only the family can be trusted, the business/goverment/institutions not.

This is why I say you have no understanding of China. Chinese people support and trust thier government more than Americans. The CCP always enjoys an overwhelming majority support while the American government is always hated by half of Americans regardless of democrat or republican. Chinese people tend to stay in thier employment and career paths through difficult times while Westerners tend to always look for what's easiest and most lucrative at the moment.

That increase the transaction cost, and decrease the country level efficiency .

There is no such thing as country level efficiency much less a measure for it. It is imaginary.

Actually , the data supports the oposite that you try claim .
average working hours :
CHINA : 47 hours
USA : 34.8 hours
UK : 37 hours

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Interesting ,isn't it ?

The Chinese working lot of hours for they employer, and receive inferrior salalry not on exhange rate term, but by PPP .

It's not that interesting if you look at the big picture and apply logic. Although China has massive comprehensive power, it is still a developing country with high population density. Both these factors drag down earnings to labor hour ratio. That is why China is fast climbing the value chain. It will ameliorate the difference and bring more lower class Chinese citizens into a decent standard of living but because of China's greater population density, a comparable wage to labor ratio with developed Western nations with far lower population density is still a ways off and will remain so even after China has surpassed even the US in comprehensive power.

 

[FairAndUnbiased]

Visibly you have no experience with the work cultures of different countries .

The family connections weaker in say UK because the corporate , legal and isntitutional framework stronger and higher quality than in China.


In China only the family can be trusted, the business/goverment/institutions not.
That increase the transaction cost, and decrease the country level efficiency .

Just because you assert it doesn't mean it is true. Since there is no scientific definition or metric of transaction cost and so called "country level efficiency", we can only look at end results as a proxy.

Let's use cost per km of high speed rail built. Most of the cost is in the engineering time, land reshaping and equipment which is similar globally due to there being only a few major equipment suppliers and construction materials being commodities.

A major difference between countries is regulatory burden and legal costs - "transaction costs and inefficiencies" as you put it since they add little value to the end product. Example: third world dictatorships that demand bribes all the time with threats of extreme regulatory and legal burden raise construction costs.

Which of these 3 countries has lowest cost per km of high speed rail?

Ok. Let's try metro systems. Which of these 3 countries has the lowest cost of metro systems per km? You wanna keep going?

 

[Anlsvrthng]

rn nations with far lower population density is still a ways off and will remain so even after China has surpassed even the US in comprehensive power.

Quote that I answered:
"Anyone who's ever worked corporate will note the cringeworthy "we are family" themes running across all corporate workplaces which runs to the benefit of the oligarch owners since they can expect you to work overtime for your 'work family' and yet not raise your pay. "

Chinese working more hours, for less share of corporate income, at the same time they deprived the trustable investment opportunities, hence the love with the housing market.


The differences bron from the difference in ISNTITUTIONS, and the local/county/country goverment is a small part of it.

If a Chinese worker's hand crushed by a machine what is the biggest compensation that he would get compared to his yearly sallary ,from the company? Same for the UK/USA counterpart ?

This has deep implications.
Countries with weak , slow or incapable/complicated legal background has weaker worker safety, more accident, lower compensation .

Simply saying, the corporate profit from the injuries of workers, by not providing to them safe work enviroment.

This is NOT dictated by the goverment, but by the juridical system.

 

[Anlsvrthng]

A major difference between countries is regulatory burden and legal costs - "transaction costs and inefficiencies" as you put it since they add little value to the end product. Example: third world dictatorships that demand bribes all the time with threats of extreme regulatory and legal burden raise construction costs.

You can.

In teh UK it is easy to enforce a contract, the legal process cheap and fast.

OTher countried hasn't got this kind of efficiency, means in a simply business buying I need more gurantee, time and generally it cost more money than in the UK.

Due to that outsied of UK I need to use relatives/ good friends to conduct business.

 

[FairAndUnbiased]

You can.

In teh UK it is easy to enforce a contract, the legal process cheap and fast.

OTher countried hasn't got this kind of efficiency, means in a simply business buying I need more gurantee, time and generally it cost more money than in the UK.

Due to that outsied of UK I need to use relatives/ good friends to conduct business.

Ok. Then how come it costs so much for building infrastructure or manufacturing products that have low labor content? Your theory can't answer this.