"we"
Or was that your point?
Oh common sense. If you believe all countries are autocracies, maybe. But to examine the trajectory of the US on a "Chinese timescale", the US rejected autocratic rule, built a system that decentralizes power, uses ambition to check ambition, and provides for frequent, peaceful transfer of power. To an autocratic Chinese bureaucrat, this is all wasteful shortsightedness, but allows the US to pivot, change, adapt, etc at very fast pace, at least for government.
I do not believe the autocratic bargain that China has made with its people is stable, lasting form of government, even as they seek to export it elsewhere. The fundamental trade is individual voice in politics for breakneck growth and dramatically increased standard of living. However, if you are one of the few young people born in China recently, what breakneck growth? A vicious gauntlet of schooling, the great filter in the gaokao, only to work for 996 company until you cannot anymore.
We can see what happened in places like Venezuela or Argentina when the government breaks their end of the bargain, as will likely happen to other autocratic states.
It is far shorter than a fiscal quarter - the next market open is all that matters.
china gets massive advantage from western ideas that even benigh thing like 'lets not depend on china' is automatically considered hate speech and racism.
Give them an extra 5% profit and theyll sell out the entire country and reduce its industrial base to ashes.
- We'll only move cheap plastic toys to asia
- We'll only move low-value clothing to asia
- We'll only move inexpensive electronics to asia
- We'll only move TVs to asia
- We'll only move computer assembly to asia
- We'll only move low-value semi-conductors to asia
- We'll only move CPU production to asia
Only thing really left is IP and frankly I expect asia to outperform the west in that soon enough (my understanding is that they already are in some areas, I am not an expert)
bell-cot•1h ago
Whatever its other weaknesses, China has the enormous advantage that the people really in power are focused on raising China to global dominance. Vs. those really in power in America are, at best, worried about their personal status and wealth at the end of the next fiscal quarter.
bojan•55m ago
Also, a leadership that is so enormously autocratic simply has to juggle fewer balls at the same time.
bell-cot•31m ago
Yes, but I don't see that realization as noteworthy. Does history record a nation which never found its own advancement hobbled by the scheming of its petty local officials?
> ...has to juggle fewer balls...
When things aren't going so well, trying to stay in power adds more balls (to juggle) than being an autocracy takes away. And "things aren't going so well" usually indicates that less-competent autocrats are in power - meaning that they are less able to juggle any number of balls.
WhyComboNadir•42m ago
China is the master of the long-game. It's shortest cycles are 5 year tactical plans. Their strategic plans go far beyond.
I don't know what the solution is in the US (and West in general) to be able to think 25+ years ahead, as no material incentive would do the job; only cultural/society/civilizational goals make someone think that far ahead (religion does too).
If the US can't think that far ahead for the same reasons as China, maybe we need to find things we care about long term and tie economic development to that (family, religion, and even our potential extreme longevity).
tw04•33m ago
Eliminate share buybacks. Raise the top tax bracket to 95% on earnings over $10m. Executive shares cannot be exercised until retirement if you really want to get aggressive.
The nuclear option would be stocks cannot be used as collateral for loans, it would shore up 90% of the nonsense overnight and have 0 negative impact on 99.99% of the general public.
Eueudhsbsj32•12m ago
It's already too easy for those in power to control popular opinion, and only getting easier, so you're not going to get mass protests or revolutions that upset the status quo.
bell-cot•17m ago
Not saying I was paying close attention to America from 1850 to 1950, but a variety of cultural and social factors - especially less hyper-individualism, and people's futures being far more closely tied to the success of their families, neighborhoods, towns, etc. - lead to very priorities.
altmanaltman•34m ago
While Trump might be an outlier in how obvious the grift is, that doesn't make China suddenly the good guys who only care about their country or the people when they are not busy bulldozing them into drains like they did in 1995.
aerodexis•24m ago
America, for a time, made appeals to things beyond power and status when it talked about "freedom". Nowadays this has been debased to just mean the freedom to attain power and status. Americans are deeply resentful about this, and their thinking will remain incoherent until they move past this.
China never made appeals beyond power and status. Communism essentially claiming that power and status are all that exist, and that peace is produced by removing the ability for specific people to asymetrically amass it, which is equally incoherent as the Americans just on a different time-scale.
Because of better middle-term planning, China is in the better position to amass status and wealth. But this is not all because they are somehow less concerned with status and wealth.
Both powers have near zero long-term planning, because anyone with an iota of wisdom knows that status and wealth are fleeting.