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Thought exercise: China's been open for 40 years. Think of all the inventions from China in the last 40 years. Contrast that with Japan in 1990.
by matchsetpoint 9y ago
Thought exercise: China's been open for 40 years. Think of all the inventions from China in the last 40 years. Contrast that with Japan in 1990.
- ACow_Adonis 9y agoDoes China need to go down the traditional route to innovation when everyone else volunteers it to them and installs the manufacturing means and capital into their country voluntarily? There might even be a curious second order effect that can help cancel out the lack of independent thought through censored education, due to the increase of means from disrespecting restrictive intellectual property ideas.
- matchsetpoint 9y agogood question; I think the answer is yes, they will now. China used to have the bargaining power to entice companies to come to China, to give up their technology, and then eventually, those companies would lose the Chinese market to a local copycat, and eventually the global market. Because of its growth. Now, China doesn't have that anymore. Anyone can guess that the government reported 7% growth rate isn't consistent with the capital outflow, restriction of money moving out, factory shutdowns, banning of bitcoins, etc. For example, recently, China had to relax the foreign ownership of its financial companies. And Tesla might be able to wholly own its operations in China.
- fellellor 9y agoI admit, I don't have intimate knowledge about their industry. But many top ML/AI practitioners have acknowledged their capabilities in this area. Besides, you seem to be putting a lot of weight on pure "inventions" whereas there is considerable value in "standing on other's shoulders" and move ahead, so to speak.