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"...The idea that the US gains economic advantage by telling other countries to be open and remaining closed is just false...." Well, we do gain economic advan
by bilbo0s 9y ago
"...The idea that the US gains economic advantage by telling other countries to be open and remaining closed is just false...."
Well, we do gain economic advantage when nations remain open, because the US is only open in theory. That said, this "only open in theory" thing affects us, the citizens of the US, just as much as it affects other nations.
For instance, in THEORY if we in the US don't like the fact that Facebook and Twitter have the power to shape what we see and hear, we're free to form startups that offer competing social networks. As a pragmatic matter though, we really aren't. Such startups are almost guaranteed to fail in the US.
On an international scale we can see this same effect in action by comparing the vibrancy of the Chinese internet startup market, against that of other, more open, nations. The vast majority of users in nations with more open markets use Facebook, Twitter, and other mostly US properties. Don't misunderstand me, the citizens of those nations can attempt to form internet startups if they wish, but the reality is that in the face of the giant, well funded, US competitors also operating in their nations, I, personally, wouldn't be sanguine about their prospects. The Chinese cleverly avoided that fate by effectively closing their market.
- conanbatt 9y agoThe chinese people are much poorer for not having as much foreign companies inside. They pay extra taxes for the subsidies and quality of service by having less options. Yes, its a huge loss for FAANG that they cant compete in china, but its also a loss for chinese people. It's just not a loss for chinese politicians, that can tout that thanks to them they created massive companies. You can run indefinitely on a bad platform while it gives your reasonable returns. We'll see what happens when china gets its own big capitalist crisis.