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I know nobody asked me, but personally I think your POV is right. I was listening to this podcast the other day about just this and the impression I got was "Wo

I know nobody asked me, but personally I think your POV is right. I was listening to this podcast the other day about just this and the impression I got was "Wow, this may be good for the average Chinese person", I'm talking exclusively about the drive to enhance protections for citizens. https://podtail.com/podcast/caixin-global-podcasts/china-stories-the-who-what-and-why-of-china-s-regu/ https://podtail.com/podcast/caixin-global-podcasts/china-sto... It's narrated by an Asian-American guy, the article is written by a Chinese guy called Ren Yi. I only learned a few things about China, so I'm uneducated on the matter, but I think we underestimate how massive their rural population is, and how huge the rift is between the rich and poor, but like I said, I'm uneducated on the matter. I think it's not a bad thing if China adopts EU style protections from big companies for citizens. I don't see the problem with that. If I understood correctly, the avg CN citizen is racked with debt, schools are borderline torturous, can barely afford a home, a lot of the water is leaded, the land is contaminated, mothers can't trust the domestic baby formula or anything really, huge sexism issue for women, rape is common, theft is common, scams are everywhere and a million other issues, it reminds you of the avg US citizen and their million other issues. Imagine if the avg CN citizen ends up living a healthier life than the avg US citizen, despite the huge head-start, now that would be really sad, because it would shine a light on how stagnant life is for the avg US person.

adam_arthur 5y ago
I'll check it out! Yes, I'm no fan of China's authoritarian nature, but the rules they are enacting must be judged on their own merits. And frankly, many of them are appropriate and coming from the perspective of increasing competition. Basic economics implies that increased competition is good for the consumer. The place where china really misstepped was doing everything suddenly and abruptly, which sparked tons of fear and scared investor capital away from their companies. This part is a bad outcome due to increased cost of financing/debt for their companies, less competitive on engineer comp due to lowered share price and so on. They could have done the same regulations but with much more forward notice and detailed their thinking rather than handing down abrupt decrees

adam_arthur 5y ago

I'll check it out! Yes, I'm no fan of China's authoritarian nature, but the rules they are enacting must be judged on their own merits. And frankly, many of them are appropriate and coming from the perspective of increasing competition. Basic economics implies that increased competition is good for the consumer. The place where china really misstepped was doing everything suddenly and abruptly, which sparked tons of fear and scared investor capital away from their companies. This part is a bad outcome due to increased cost of financing/debt for their companies, less competitive on engineer comp due to lowered share price and so on. They could have done the same regulations but with much more forward notice and detailed their thinking rather than handing down abrupt decrees