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This is increasingly common. You know the saying "The Internet interprets censorship as damage and routes around it"? Substitute the US tax system for interne
by philiphodgen 15y ago
This is increasingly common.
You know the saying "The Internet interprets censorship as damage and routes around it"? Substitute the US tax system for internet.
Our politicians and bureaucrats do not understand that it is a very big world. We risk declaring ourselves irrelevant. A large chunk of the world may simply shrug and say "meh who needs you." Exhibit A: China loosened its currency today. You KNOW they are going to pimp it as a reserve currency preferable to the USD.
- HSO 15y agoIsn't it funny, when the Chinese don't loosen their currency, it's called mercantilism; when they do, they "pimp [the CNY] as a reserve currency". A case of damned if they do, damned if they don't?
- philiphodgen 15y agoYeah it is a no-win. Not only for the Chinese government but for all of us--critics will be with us. The Chinese government is taking an action to create its own future. Let's see what happens. I was a boy living in Africa at the tail end of the Empire. I still remember watching the pound sterling slowly drift into irrelevance.