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> The biggest Chinese companies only exist because of stolen technology. We can debate the origination of their know how just like we can debate the originatio
by aerosmile 5y ago
> The biggest Chinese companies only exist because of stolen technology.
We can debate the origination of their know how just like we can debate the origination of Covid. But at the end of the day what matters are the results, and China demonstrated with Covid how much more successfully they were in execution than we were. That same scenario is being replayed in board rooms across the globe - the Chinese people are hungrier, work harder, and get results more quickly. Granted, there are still gaps in some areas, but the margins are shrinking every day.
> Maybe in the short term they'll see some growth, but in the long-term innovation will always prevail.
You are somehow implying that the Chinese people are fundamentally bad at innovation. That's neighboring on being a racist statement that you should take a moment to reflect on. Just like innovation is not limited to the Bay Area, it's not limited to the US either. The Bay Area did in fact produce a disproportional amount of breakthrough ideas in the past 50 years, but not because their residents are somehow genetically more superior to other parts of the country (and ironically, you might be surprised to find out just how many Chinese workers stand behind so many of those Bay Area companies). It happened because the infrastructure for ideas was there (lack of enforcement of non competes, high risk tolerance of financial backers, previous waves of successful founders sharing their know-how with young founders and pouring money into new startups, etc). The pandemic has removed the need for in-person meetings for fundraising, and suddenly we're seeing an even more pronounced decentralization of the Bay Area, which should prove that innovation is not tied by city, county, or country borders - it's tied by regulatory, educational, and financial constraints, all of which are rapidly improving in China.
Once this current wave of Chinese mega-successful companies cashes out, the next wave will be even stronger. It's only a matter of time until a suitable ecosystem forms in China that will give their people the right ingredients to kick our ass in innovation, on top of all the other things they are already kicking our ass in.
- bogwog 5y ago> their residents are somehow genetically more superior to other parts of the country Those are your words, not mine. I never said that Chinese people can’t innovate. My point was that Chinese companies don’t innovate, and if you wanted to have an adult discussion about it, I would’ve been happy to clarify for you why I believe that. But I’m not going to entertain a discussion with someone that tries to support their argument by putting words in my mouth and suggesting I’m racist. A discussion with someone like that will go nowhere productive.
- aerosmile 5y agoLet me start with an apology: using loaded terms is not a good way to have a good faith conversation, and that wasn't appropriate. But you have to admit there's something about our folks being a bit too comfortable with the notion that the Chinese people won't catch up with us because we innovate and they don't. I see people justifying their beliefs in one of these two ways: 1. Focusing on barriers that supposedly exist in China today and will continue to exist forever. Something like: "their government will always force them to do things in a certain way", or "the lack of regulatory framework invites bad behavior and doesn't instill the discipline required to be creative," etc. 2. Focusing on the idea of American Exceptionalism - essentially, it doesn't matter what China does now or in the future, we're always going to be a few steps ahead because of the most unusual events that have led to the formation of our country, our political system, our culture and values, and our inherent will to be the global leaders and ambassadors. I would be curious to hear what your thoughts are. In my mind, as I laid out above, innovation is not a privilege bestowed upon any one location or nationality, but instead a byproduct of regulatory, educational, and financial ingredients all coming together and unblocking barriers to creativity. All of those elements are changing in China very rapidly, and all of them are moving in the "right" direction. So for your statement "Maybe in the short term they'll see some growth, but in the long-term innovation will always prevail" to ring true to me, I would have to be convinced that we somehow have a defensible advantage in one of those three elements, and that this barrier will stand the test of time. Because I think we're both agreeing on the notion that there's nothing fundamentally special about us and our raw capabilities compared to theirs.