3 ms·

Sorry, I have to disagree. How do you suppose more innovation would have happened if instead of China, blocking US tech, they let them have the whole market fro

Sorry, I have to disagree. How do you suppose more innovation would have happened if instead of China, blocking US tech, they let them have the whole market from the get go and instead of WeChat there would be Whatsapp and instead of Baidu, there would be Google? How is that more innovation? You can just look at Europe. I'm not advocating any policies or supporting anyone. I am just disputing the claim that free markets maximise innovation in this particular instance.

wybiral 9y ago
> instead of WeChat there would be Whatsapp and > instead of Baidu, there would be Google I think that's the kind of thing that the parent poster meant with this phrase: > The end result is that China's fate as being > relegated to being the world's giant copy machine
chaostheory 9y ago
> How do you suppose more innovation would have happened if instead of China, blocking US tech, they let them have the whole market from the get go and instead of WeChat there would be Whatsapp and instead of Baidu, there would be Google? 1. Competition breeds innovation. Monopolies and the like encourage stagnation. 2. How do you know Google would win in China if China didn't block them? Unlike Europe, China is extremely nationalistic. Even if the home brand was slightly worse, it would still probably win the majority of the market. Of course, the only thing stronger than Chinese nationalism is Chinese pessimism so we'll never know.
- capisce 9y ago
  Sometimes trade protectionism is good for an economy. In fact it's the strategy all the somewhat successful Asian nations (South Korea, Japan, Taiwan, China) used to get ahead, whereas the countries who followed the neoliberalist model of the west too closely (Malaysia, Thailand, Indonesia, etc) lagged behind. Suggest reading 'How Asia Works' by Joe Studwell.

3 ms·

Sorry, I have to disagree. How do you suppose more innovation would have happened if instead of China, blocking US tech, they let them have the whole market fro

by lumberjack 9y ago

wybiral 9y ago
> instead of WeChat there would be Whatsapp and > instead of Baidu, there would be Google I think that's the kind of thing that the parent poster meant with this phrase: > The end result is that China's fate as being > relegated to being the world's giant copy machine
chaostheory 9y ago
> How do you suppose more innovation would have happened if instead of China, blocking US tech, they let them have the whole market from the get go and instead of WeChat there would be Whatsapp and instead of Baidu, there would be Google? 1. Competition breeds innovation. Monopolies and the like encourage stagnation. 2. How do you know Google would win in China if China didn't block them? Unlike Europe, China is extremely nationalistic. Even if the home brand was slightly worse, it would still probably win the majority of the market. Of course, the only thing stronger than Chinese nationalism is Chinese pessimism so we'll never know.
- capisce 9y ago
  Sometimes trade protectionism is good for an economy. In fact it's the strategy all the somewhat successful Asian nations (South Korea, Japan, Taiwan, China) used to get ahead, whereas the countries who followed the neoliberalist model of the west too closely (Malaysia, Thailand, Indonesia, etc) lagged behind. Suggest reading 'How Asia Works' by Joe Studwell.