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This is ]conjecture. In reality the CPC are technocrats in every sense of the word. Many of them are engineers and they possess an engineer's faith in innovati
by dnomad 9y ago
This is ]conjecture.
In reality the CPC are technocrats in every sense of the word. Many of them are engineers and they possess an engineer's faith in innovation. The idea of them squashing innovation is silly. Look at the enormous investments in electric cars, AI, mobile computing and genetic engineering. Westerners will deny it until it's way too late but the amount of innovation going on in China right now is mind blowing.
Which is the point -- the Chinese will more than likely win this technology "race." Because the West isn't really competing. The days of Western governments pouring real wealth into research and development is over. What you have is very few highly innovative firms and a few military contractors competing against the highly coordinated political-economic-military complex of China. The outlook does not look good.
I suspect this is why ultimately companies like Apple and Microsoft and even Tesla are so focused on getting a foothold into China. These guys know where the future is and they want to be at the table when it happens.
- SubiculumCode 9y agoIt is hardly baseless. If the CPC has done well to allow innovation, it is likely because 1)China is enjoying the easy growth of an emerging economy where outside wealth is willing to pay you to pollute your lands for trinket manufacturing. 2) The party ALLOWED free thinking at Universities, and 3) the party acted under rules of meritocracy. Under the tightening grip of surveillance in China today, and the centralization of power by the president and his "anti-corruption" campaign against the party and businessman, I don't see how innovation will persist. If the president and his party allies get entrenched, then I do not see how the party can stay a meritocracy, and without that meritocracy, I don't see how innovation won't get squashed. Edit: thank you for removing the word baseless.
- petra 9y agoCould this be a good explanation why the interest rate is kept so low for so long ? as a way to encourage money to go to innovation ?