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Here the ideological elite is set out to prove that everybody is equally capable, and IQ is a construct. The creation of value is increasingly being replaced by

by cft 10y ago

Here the ideological elite is set out to prove that everybody is equally capable, and IQ is a construct. The creation of value is increasingly being replaced by value redistribution among the poorest and value transference among the upper middle classes. In corporations, professional management is replacing value creation with politics and stupid games. Yesterday I watched two people launching a professional DJI Inspire drone. The iPad app for this drone is more complicated than Airbnb or Uber apps. I am not talking about the drone itself.. DJI is a Chinese drone company with a billion dollar revenue. The consequences of these trends will be rather grim for the American economy in 30 years. I expect to get about -7 karma for this , since denial is the crucial part of the problem.

Hydraulix989 10y ago
I'm not sure I follow this at all. China doesn't have politics and stupid games? What are these generalizations even?!
ximeng 10y ago
"Please don't bait other users by inviting them to downvote you or announce that you expect to get downvoted." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
adventured 10y ago
The US has nothing to fear from China, any more than they did Japan a quarter century ago. China is drowning in the greatest accumulation of debt in world history, it's going to choke off their economy for generations to come. They'll refuse - as they're doing now - to put down the zombie corporations, perfectly copying the mistakes Japan made. They'll endlessly stimulate with debt while they sink lower. The prediction about China growing old before it becomes wealthy at the median, is already in the third inning of happening. And further proof of China being a non-threat: US manufacturing has grown dramatically since China's manufacturing came onto the global scene 30 plus years ago. The US economy has grown dramatically, while China's economy boomed. US standards of living have not contracted; quite the opposite, more people have moved up out of the middle class in the US, than down out of it, over the last 30 years. The US has the world's second highest household median disposable income level, which hasn't been diminished at all by China's rise. The US has seen no significant damage to its ability to create full-time employment, or possess a low unemployment rate. The US hasn't lost its wealth position in the world in the last 30 years, still owning around 43% to 45% of all private global wealth. The US has seen no damage to the USD global reserve currency with the modest rise of the Yuan, it has mostly taken position from other second tier currencies. So, where's the evidence supporting damage - now or in the near future - exactly? There has been none. If anything the US has benefited from China and is likely to continue to do so.

by cft 10y ago

Hydraulix989 10y ago

I'm not sure I follow this at all. China doesn't have politics and stupid games? What are these generalizations even?!

ximeng 10y ago

"Please don't bait other users by inviting them to downvote you or announce that you expect to get downvoted." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

adventured 10y ago

The US has nothing to fear from China, any more than they did Japan a quarter century ago. China is drowning in the greatest accumulation of debt in world history, it's going to choke off their economy for generations to come. They'll refuse - as they're doing now - to put down the zombie corporations, perfectly copying the mistakes Japan made. They'll endlessly stimulate with debt while they sink lower. The prediction about China growing old before it becomes wealthy at the median, is already in the third inning of happening. And further proof of China being a non-threat: US manufacturing has grown dramatically since China's manufacturing came onto the global scene 30 plus years ago. The US economy has grown dramatically, while China's economy boomed. US standards of living have not contracted; quite the opposite, more people have moved up out of the middle class in the US, than down out of it, over the last 30 years. The US has the world's second highest household median disposable income level, which hasn't been diminished at all by China's rise. The US has seen no significant damage to its ability to create full-time employment, or possess a low unemployment rate. The US hasn't lost its wealth position in the world in the last 30 years, still owning around 43% to 45% of all private global wealth. The US has seen no damage to the USD global reserve currency with the modest rise of the Yuan, it has mostly taken position from other second tier currencies. So, where's the evidence supporting damage - now or in the near future - exactly? There has been none. If anything the US has benefited from China and is likely to continue to do so.