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> Interesting that not long time ago USA was at the forefront of world technology. But nowadays not so much. The entrenched players figured out that they could

by pierat 3y ago

> Interesting that not long time ago USA was at the forefront of world technology. But nowadays not so much. The entrenched players figured out that they could instead of develop, research, and make new stuff, they could cripple existing stuff, and turn everything into a rental. And the players who showed up figured the exact same. What do we get? A stagnating country. And nobody is willing to budge. Every time I try to look, I just get depressed. There is no voting our way out of this. We're solidly on our way to 3rd world nation status... in fact much of the internal parts of our country are exactly that. > Even more worrying it's China that in many areas leads the world - best highway, railroad, 5G networks, digital payments everywhere, huge production of electric cars, buses and batteries. https://twitter.com/alvinfoo/status/1448461361181184005 https://twitter.com/alvinfoo/status/1448461361181184005 China rail 2008 vs 2020. Chinese Taxi 1 minute EV battery swap: https://www.youtube.com/watch?v=anXQfRuAkZw https://www.youtube.com/watch?v=anXQfRuAkZw Chinese massive reduction in pollution https://epic.uchicago.edu/insights/china-has-quickly-and-sharply-reduced-pollution-since-enacting-strict-policies/ https://epic.uchicago.edu/insights/china-has-quickly-and-sha... Chinese mega highways: https://www.youtube.com/watch?v=80IFicuNrQg https://www.youtube.com/watch?v=80IFicuNrQg Whereas the USA can't get get its thumbs out of its collective asses to build even a moderately decent train network. The USA is a failing state. Can't wait till they start lashing out with all their hyper-futuristic weaponry our money goes to.

lotsofpulp 3y ago
And yet Chinese nationals are clamoring to buy real estate in the US in order to secure their assets. Would you rather be given $10M in a US bank account, or $10M worth of Yuan in a Chinese bank account?
- pierat 3y ago
  And the US nationals are also buying everywhere they can. But you avoid THAT discussion. Its all about diversifying your wealth. Hell, even the elites who run HN/Ycombinator have their own escape 'end of the world bunker' in New Zealand. https://www.bloomberg.com/news/articles/2020-04-19/-we-needed-to-go-rich-americans-activate-pandemic-escape-plans https://www.bloomberg.com/news/articles/2020-04-19/-we-neede... Try harder.
  - JumpCrisscross 3y ago
    > US nationals are also buying everywhere they can. But you avoid THAT discussion. Because it's wrong. America remains a net investment destination [1]. China is a net investor [2]. These metrics can't be evaluated in a vacuum, but broadly speaking, foreigners invest in America; the Chinese invest abroad. > even the elites who run HN/Ycombinator have their own escape 'end of the world bunker' in New Zealand. This is a silly meme. For starters, if America goes fascist it's not like they'll blanche because the kiwis said no. [1] https://www.bea.gov/news/2023/us-international-investment-position-4th-quarter-and-year-2022 https://www.bea.gov/news/2023/us-international-investment-po... [2] https://www.safe.gov.cn/en/2023/0331/2063.html https://www.safe.gov.cn/en/2023/0331/2063.html
- gsky 3y ago
  Of course because China's an authoritarian country and corrupt will lose their heads if they get caught. The worse thing is that the west providing a place for corrupt individuals.

by pierat 3y ago

lotsofpulp 3y ago

And yet Chinese nationals are clamoring to buy real estate in the US in order to secure their assets. Would you rather be given $10M in a US bank account, or $10M worth of Yuan in a Chinese bank account?

pierat 3y ago
And the US nationals are also buying everywhere they can. But you avoid THAT discussion. Its all about diversifying your wealth. Hell, even the elites who run HN/Ycombinator have their own escape 'end of the world bunker' in New Zealand. https://www.bloomberg.com/news/articles/2020-04-19/-we-needed-to-go-rich-americans-activate-pandemic-escape-plans https://www.bloomberg.com/news/articles/2020-04-19/-we-neede... Try harder.
- JumpCrisscross 3y ago
  > US nationals are also buying everywhere they can. But you avoid THAT discussion. Because it's wrong. America remains a net investment destination [1]. China is a net investor [2]. These metrics can't be evaluated in a vacuum, but broadly speaking, foreigners invest in America; the Chinese invest abroad. > even the elites who run HN/Ycombinator have their own escape 'end of the world bunker' in New Zealand. This is a silly meme. For starters, if America goes fascist it's not like they'll blanche because the kiwis said no. [1] https://www.bea.gov/news/2023/us-international-investment-position-4th-quarter-and-year-2022 https://www.bea.gov/news/2023/us-international-investment-po... [2] https://www.safe.gov.cn/en/2023/0331/2063.html https://www.safe.gov.cn/en/2023/0331/2063.html
gsky 3y ago
Of course because China's an authoritarian country and corrupt will lose their heads if they get caught. The worse thing is that the west providing a place for corrupt individuals.