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Quite bearish on learning Chinese; and bearish, too, on articles such as this one. These articles are a type. You would see similar articles in 1989 regarding J
by microdrum 8y ago
Quite bearish on learning Chinese; and bearish, too, on articles such as this one. These articles are a type. You would see similar articles in 1989 regarding Japanese. That was not a worthwhile investment for most people. Trends about a country being ‘the hot new thing’ rarely pan out. The author of this article should know: he’s the “founder of a crypto asset manager.”
Meteoric national growth curves don’t continue; and the closed nature of these societies tends to mean they get hamstrung by unpredictable things in the future. No one can say why China’s growth will slow (and it already is slowing dramatically), but we can say for sure that it will be because of a lack of willingness to change.
Learning Chinese will be a worthwhile activity for leading Western businesspeople when the Communist Party is abolished or faces strong open competition for power.
- KerrickStaley 8y agoUnfortunately, just because China is illiberal doesn't mean it will necessarily fail to achieve the economic and cultural dominance that the United States now enjoys. China's system of government is arguably more engineered and less chaotic than what we have here in the US, and it has the potential to continue to guide the country on a continued upward economic trajectory. Granted, the US system provides more competition for people and ideas in government, and China's risks getting stuck on bad people or ideas. I think the US and the rest of the West should be looking to China for ideas on how to better govern and promote economic growth. But the ideas we borrow need to be re-implemented in a democratic way instead of the authoritarian way seen in China.