Chinese Economics Thread

[RoastGooseHKer]

If those few that bring innovation do not benefit majority, then they are worthless. So ultimately it is still about benefit the majority, and that only.

Yes the ultimately goal is social progress and serving the interests of the majority. However, in this process, innovators', scientists', and creatively destructive entrepreneurs' property rights and IPs must be protected against both foreign intervention and possible domestic mob violence. For example, you cannot have Ren Zhengfei lynched simply because he earns more due to his telecommunication innovation. His creations ultimately serve the majority and strengthens the nation-state, as long as he is not handing such technologies to foreign adversaries. In other words, let's have neither Pol Pot nor the Gilded Age USA.

 

[fatzergling]

Not enough money for the risk. Becoming a doctor is more money and less risk of persecution.

Medical training has significant upfront cost (have to pass MCAT, USMLE, do residency), and doctors' QOL is declining as private practices disappear. Have friends training to become doctors and their life from HS was grind, grind, grind. My point is that doctor is not necessarily a risk free investment.

More generally, there is a very strong bias for diaspora to pursue professional careers (doctor/lawyer/engineer). This can't be explained by culture as people are jockeying for civil service positions back in their motherland. This can't be explained by monetary reasons either as $$ in the US is made via working as a business owner or in finance. The most likely reason I can think of is that these are considered high-status positions, and diaspora is very interested in maintaining a higher status.

Yes the ultimately goal is social progress and serving the interests of the majority. However, in this process, innovators', scientists', and creatively destructive entrepreneurs' property rights and IPs must be protected against both foreign intervention and possible domestic mob violence. For example, you cannot have Ren Zhengfei lynched simply because he earns more due to his telecommunication innovation. His creations ultimately serve the majority and strengthens the nation-state, as long as he is not handing such technologies to foreign adversaries. In other words, let's have neither Pol Pot nor the Gilded Age USA.

Don't confuse scientists and innovators, who routinely give up their IP rights to the corporations, with the shareholders and financers who own the IP rights by proxy of owning the holding corporation.

 

[StraightEdge]

He became a security risk, plain and simple. He should have been charged with treason.

I recently saw this video, this seems completely unacceptable to me. He's just a businessman, he is not representing China politically. That's almost like treason.

https://twitter.com/i/web/status/1842703960714661962

 

[TK3600]

Yes the ultimately goal is social progress and serving the interests of the majority. However, in this process, innovators', scientists', and creatively destructive entrepreneurs' property rights and IPs must be protected against both foreign intervention and possible domestic mob violence. For example, you cannot have Ren Zhengfei lynched simply because he earns more due to his telecommunication innovation. His creations ultimately serve the majority and strengthens the nation-state, as long as he is not handing such technologies to foreign adversaries. In other words, let's have neither Pol Pot nor the Gilded Age USA.

He is protected because he benefit majority, not because he innovate. Never mix up the two.

 

[coolgod]

I recently saw this video, this seems completely unacceptable to me. He's just a businessman, he is not representing China politically. That's almost like treason.

https://twitter.com/i/web/status/1842703960714661962

Nah I think the whole Jack Ma and Israel thing is blown out of proportions. No need to overthink it, he tried to challenge the China's financial management, then he quickly learnt who is in control of China.

 

[RoastGooseHKer]

Nah I think the whole Jack Ma and Israel thing is blown out of proportions. No need to overthink it, he tried to challenge the China's financial management, then he quickly learnt who is in control of China.

FAFO

 

[RoastGooseHKer]

He is protected because he benefit majority, not because he innovate. Never mix up the two.

Well true, but the purpose of innovation and protection of innovators is to serve the majority in the end.

 

[Abominable]

Nah I think the whole Jack Ma and Israel thing is blown out of proportions. No need to overthink it, he tried to challenge the China's financial management, then he quickly learnt who is in control of China.

Have you heard of Jeffrey Epstein? Israel is a tiny country about the size of Belgium, economically completely irrelevant to China and even Alibaba. It makes no sense for him to be going there multiple times including to meet the president unless he was compromised like Bill Gates was.

 

[TK3600]

Well true, but the purpose of innovation and protection of innovators is to serve the majority in the end.

There are innovations that do not deserve protection. It could be 56 genders, DEI, I could innovate a new xijinping based crypto to scam millions, that wont serve majority any good. Those ought to be destroyed. Benefiting majority is the one and only goal. There is no trade off.

 

[coolgod]

Have you heard of Jeffrey Epstein? Israel is a tiny country about the size of Belgium, economically completely irrelevant to China and even Alibaba. It makes no sense for him to be going there multiple times including to meet the president unless he was compromised like Bill Gates was.

I mean Jack Ma also went to meet with Trump when he first got inaugurated. Jack Ma visited the US countless times before. I'm not denying that Jack Ma might have a special relationship with the jews, but it really isn't relevant to why he got punished by the CPC.