If the communists really are swept away and - this is the important part - replaced by a real, functioning republic, that will be the point when you can finally and truly say they will dominate the world.
You had a good read on the situation. Injecting more free market thinking and becoming better and better at stealing helped a lot And most importantly, your big picture read is spot on.
This reads like a whole lotta cope. As much as I despise authoritarians, if you can't see the writing on the wall as the Chinese expand their sphere of influence worldwide and get closer to dethrone the US as the foremost superpower, you really just need to put money into a safe ETF as you have no business trading.
Capitalism and innovation are in their blood for 5000 years and will not change. Hard work, hardships and sacrifice too. Political totalitarian and dictatorship have been their political system for 5000 years, throughout their history so the plebs learned how to cope and thrive, up to a point. Unless they have famine and war, dictatorship will not slow them down, perhaps only speed them up to achieve parity with the US.
Last cool thing to come out of China that they came up with themselves was gunpowder. Now the only thing they come up with is lead in practically every product they export.
Great lecture. The man is using his intellect for a noble mission. Assuming he is using a robust model for the factors of GDP growth, the world has a problem. If you were around while the Japanese were buying up America in the 80s and people were trying to learn how to speak Japanese, you know that macro-trees don't grow to the sky.
Hey 777, Having lived in China and being embedded among them at both the academic level and the Factory/Manufacturing companies, gave me my prospective on the Chinese mentality. Hope all is good with you. -Richie
Here are some thoughts: 1) China produces far more engineering college graduates every years and these kids are smart and working hard; and we all know technology is a powerful thing to drive the economy 2) Chinese engineers (lots of them) work 12 hours a day compare to 8 hours here; they have a target to compete so they are very motivated 3) China now can afford to hire high quality engineers and attract top talents for innovation; for example, Huawei pays a salary more than $600,000 (US dollars) to about 1000 engineers. 4) The unity in the nation and patriotism can be so powerfully positive in many ways (there is downside for that too) 5) the AI research publications and patents is only second to US. 6) The culture rooted in thousand years provide a deep and strong moral and ideology support to fuel the advancement of technology and economy; because they are deep down very proud of their culture and heritage, Chinese can be viewed as quite arrogant and racism too, and that is why many regard them as rivals or even enemy. Most people in the western world would hardly understand them, but people from Korean, Japan and Singapore would understand them better. More people show interest in the Chinese culture in the last decade and more and more foreign students are now enrolled in colleges in China. 7) What China has done in the last 35 to 40 years are truly incredible, not only the economy becomes the 2nd largest in the world (by Purchasing power parity, China is the #1 economy in the world since 2018 https://www.cia.gov/library/publications/the-world-factbook/fields/208rank.html) , about 800 million people were out of poverty; that is a huge accomplishment if people understand what living conditions were in China in the 50s to 70s in last century. 8) The government control is far different from that was 35 to 40 years ago, and China is in a hybrid mode of communism and capitalism; the government has to compromise to advance their economy agenda in this information era . 9) Just remember what Napoleon said about China. Of course ignorance is bliss if you choose to ignore the facts and indulge in any model you favor.