4 ms·
The end game is directing best and brightest to other strategic sectors, especially hard tech (like semi) where employment and wages and market cap are explodin
by maxglute 2y ago
The end game is directing best and brightest to other strategic sectors, especially hard tech (like semi) where employment and wages and market cap are exploding. Ditto with killing edtech, capping finance compensation, it's wasteful for all math PhDs to be quants or adtech.
It's just correctly identify that it's retarded to pour so much money in service platforms with diminishing returns, i.e. DiDi is already stupid efficient in most areas, what's the point of spending billions to shave average delivery by a few more seconds when it's just going to shit up traffic more. It's realizing spending 300B on importing semi conductors and billions more on other imports / paying patent fees to western countries that are no longer reliable is dumb.
IMO at this point, if you see western articles saying XJP is doing XYZ bad things, he's probably doing right thing, things that west is about to do (industrial policy, increase speech controls, regulation/antitrust in big tech), or things they wish they can do.