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> A swarm of tinkering US startups will beat any Chinese megaproject. I like your fervent almost religious belief in the US. Is it reality? What boundaries: s
by robocat 3y ago
> A swarm of tinkering US startups will beat any Chinese megaproject.
I like your fervent almost religious belief in the US.
Is it reality? What boundaries: software, environmental.
Shenzhen felt like the most capitalist place I have ever been. It didn't seem to have big boy VC capital. However every single person seemed to be running a small capitalist business.
Want to see a swarm of businesses? Let one small business in Shenzhen be seen to make a profit, and watch how many competitors and supply chain businesses pop up and how quickly. I don't know if it is a no/low beaurocracy zone but I am guessing they don't have to worry too much about IP roadblocks. I imagine the biggest problem is too much competition?
I suspect young adults grok capitalism better there because as children they were embedded in the culture of endeavour, unlike westernized countries.
I wasn't there for long enough, but would love to hear what others think of business startup in Shenzhen.