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"The West" is absolutely reliant on the people that emigrate to it from elsewhere for its success. There is empirical evidence that startups that incorporate H1

"The West" is absolutely reliant on the people that emigrate to it from elsewhere for its success. There is empirical evidence that startups that incorporate H1B workers see their measures of "financial performance, likelihood of going public, and quantity and quality of innovation" increase significantly[1], the paper detailing as such trended on HN not one week ago[2]. Efforts to stymie diversity and decrease immigration have in fact caused permanent damage to the industry. Insularity and ignorance concretely undermines both economic and social growth. China has come far by holding tight to the reins of private capital wealth and forcing it to reinvest in common infrastructure. Meanwhile the nations of "the west" have undermined their social safety nets and unmoored their hypercapitalists to the point that they have nothing better to do with their money then burn it up chasing their toddler cowboy astronaut fantasies. 1. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3459001 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3459001 2. https://news.ycombinator.com/item?id=28276814 https://news.ycombinator.com/item?id=28276814

nootropicat 5y ago
You wrote that under the article that shows the long-term consequences of short-term profits you mentioned. "Prior to joining Arm, Wu was the founder of AccelerateMobile in Silicon Valley, and held management, marketing, sales, and engineering positions at Mentor Graphics, LSI Logic, and Intel." He definitely increased economic growth for a while, a very competent man. Now he captured a part of Arm for China and his experience (presumably) allows him to competently manage it. Don't get me wrong, I'm not criticizing him. He deserves praise - a patriot exploiting stupidity of foreigners for the benefit of his people. China is never going to repeat these strategic blunders, which is what virtually guarantees a Chinese century - once they're top dog in something, good luck trying to learn anything near state of the art if you aren't Chinese. They have enough people for a complete blanket ban of foreigners for any position even near advanced knowledge or executive control. Ironically, you shit on Elon Musk, yet SpaceX is the only entity that has the potential to prevent a total Chinese domination of yet another sector - space. It's somewhat protected by ITAR so there's a real chance.

nootropicat 5y ago

You wrote that under the article that shows the long-term consequences of short-term profits you mentioned. "Prior to joining Arm, Wu was the founder of AccelerateMobile in Silicon Valley, and held management, marketing, sales, and engineering positions at Mentor Graphics, LSI Logic, and Intel." He definitely increased economic growth for a while, a very competent man. Now he captured a part of Arm for China and his experience (presumably) allows him to competently manage it. Don't get me wrong, I'm not criticizing him. He deserves praise - a patriot exploiting stupidity of foreigners for the benefit of his people. China is never going to repeat these strategic blunders, which is what virtually guarantees a Chinese century - once they're top dog in something, good luck trying to learn anything near state of the art if you aren't Chinese. They have enough people for a complete blanket ban of foreigners for any position even near advanced knowledge or executive control. Ironically, you shit on Elon Musk, yet SpaceX is the only entity that has the potential to prevent a total Chinese domination of yet another sector - space. It's somewhat protected by ITAR so there's a real chance.