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After the first couple questions he really dropped a lot of wisdom. For instance, the story about the US's fear of the Japanese owning the flat screen tech in
by Flatcircle 5y ago
After the first couple questions he really dropped a lot of wisdom.
For instance, the story about the US's fear of the Japanese owning the flat screen tech in the 90's.
and...
"Total foreign imports are only about 11% of American consumption, and Chinese imports are 3%."
"We've lived in a cultural and intellectual space just as much as we've lived in a physical space for thousands of years."
much like the internet itself, you gotta read through lots of hay to find those golden needles.
The comments from folks about how bad the interview was, probably stopped reading after the first couple of paragraphs and missed the meat of the interview.
- samstave 5y agoI’d be willing to bet that every single household in the US has products more than 3% made in China.
- Flatcircle 5y agoSounds like you need to read the article.
- DSingularity 5y agoSound alike you need some critical thinking. Roughly speaking, what percentage of your household products are manufactured in China?
- Flatcircle 5y agoPercentage of household products manufactured in china is irrelevant, he's talking about spending (excluding investments) so music, movies, television, video games, internet, cellphones plans, healthcare, schooling, food, gas, sporting events are all included in this equation. So importing Chinese goods isn't that much money when factoring the entire US consumption. That's a novel idea, that I never thought about before reading that article.
- samstave 5y agoStill - the point remains: what % of the consumer goods in every single american home is made in china.
- go_blue_13 5y agoyou're talking about something completely different, which is fine, but doesn't at all refute what Andreessen is saying
- bendbro 5y ago> The comments from folks about how bad the interview was, probably stopped reading after the first couple of paragraphs and missed the meat of the interview Seems like a super effective way to filter modern, oversocialized hypersensitives out of your community.
- luffapi 5y agoIt seems like a great way to filter out any functional adult who doesn’t want to read junior high, 4chan style edge lord rantings. I have far better things to do with my time then listen to a billionaire say “retard” because he thinks it makes him rebellious (when it really just makes him look like an ignorant and immature fool).
- Negitivefrags 5y agoThe level of irony. It’s staggering. I actually don’t think I’ve seen anything quite like it. Read the start of the article again. Slow down a little this time.
- luffapi 5y agoIt wasn’t worth reading the first time and it is definitely not worth reading again. It’s LiveJournal level writing and philosophy. It’s also quite possibly the most banal thing I’ve ever read. I can think of nothing more predictable than Marc Andreessen trying to be edgy. This could have been authored by GPT-3.
- TigeriusKirk 5y agoI honestly did wonder if it was done for that reason. It's a fascinating interview with any number of interesting topics to discuss. But it seems like the interviewer went out of his way to offend up front. I figure that's mostly his brand or something (I have no clue who he is), but based on the comments here it certainly did filter people out.
- jeffreyrogers 5y ago
- clcaev 5y ago> "Total foreign imports are only about 11% of American consumption, and Chinese imports are 3%." What sort of evidence does he cite for those numbers? The denominator in a percentage matters. Once you take out housing, food, fuel, insurance, education, etc. -- how much of our remaining expenditures are goods (mostly) made in China? While less than 3% of my household expenditures are electronic goods, the vast majority of those goods are made in China -- this despite a concerted effort to buy domestic products.
- whoisjuan 5y agoFrom the article: “Total foreign imports are only about 11% of American consumption, and Chinese imports are 3%. Most of any national economy, including ours, is domestic; you can't import a haircut, a house, or a hospital visit. So global trade is probably overblown as an issue generally. Which isn't good news; it's just to say that, as usual, most of our problems are our own.” You seem to have forgotten the core expenditures of a household: Shelter, Food, Personal Care and Entertainment. Very little in there is coming from China. Certainly not food and most likely basic goods like stationery, toys, electronics, furniture and clothes. Seems reasonable to think that chinese goods fit the 3% figure based on the expenditure in those categories.
- TomMckenny 5y agoThis means that raising housing costs, interest rates and debt, taxes, and medical costs reduce his figure for foreign imports as a percentage of spending. That increasing the amount spent on those things is “good news” regarding trade deficits. Unless he is using these numbers to suggest we need to prioritize driving down land prices and rentier practices etc more than worrying about trade imbalance. But this certainly does not seem like his intent. At any rate, the numbers 11% and 3% are as fictional as the Taylor Lorenz quote but the amount of skepticism differs greatly. This hints more of ideology based beliefs than fact based.