Easier to have zero business leaders that might tip the boat with suggestions.
This is ‘let it rot’ in action.
I think ad-tech has been a massive disaster for our society. I quit Instagram recently, I logged on the other day to message someone in the walled garden, I was shocked at what I saw and I couldn't believe I spent any time on it at all!
well that's one thing we can agree on.
Of course tiktok, byd ev’s, solar, ai models coming out of China are doing fine, so it’s not all bleak.
Singapore understands this.
Ownership rules are clear, and if under dispute, the courts are viewed as reasonable and fair. Business rules are predictable, you don't have to worry about making an investment based on assumptions that no longer hold next year.
China is the opposite as of the last few years. It's no surprise capital goes elsewhere.
Is it, though? China isn't immune from bad economic policy, but its per capita GDP growth still remains globally impressive[0]. In spite of recent difficulties they're still on an amazing trajectory.
Sure, maybe their chickens are about to come home to roost and they're finally in for a reckoning. I feel like that's the wrong take, though. We've spent the last 30 years with a smirk on our face waiting for China to realize their mistake of eschewing democracy and liberal economics. Somehow they've become the second most powerful nation in the world instead.
They're playing an entirely different game, over there. We underestimate them at our own peril.
[0] https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_...
I think you are mistaking total GDP with "most powerful".
Nonsense. Sure, there's lots of bad reporting about China in the West but generalizing as you do is as absurd as swallowing the latest from Fox News and taking it as gospel. There's also lots of astute, reasoned and well-analyzed reporting about China in the west and elsewhere.
For example, about the region of the world I've been living in for nearly two decades, I see lots of excellent reporting, and much of it comes from external sources; some of the best in fact. It's possible to do this without being within a given system.
What alternative sources should people use for China then? Name a few instead of lazily criticizing to feel superior.
The only two sources you can trust on this subject matter are actions of countries, and the the use of the thing between your ears. There is a political game that is played and the only thing that matters are the moves made. All of the words wasted in so-called “news” are irrelevant. That’s just entertainment for the masses devoid of reality. The things that matter are actions and inactions of countries. The straight moves, the misdirects, and the jukes along the way. Whenever you are gloating about how a country is doing something dumb, you are saying that you cannot read the hand they are about to play. Keep this in mind, and act accordingly.
If you want to know about China, the SCMP is a decent source. Caixin is also good, but it's more focused on economics. Also, speaking Chinese and following Chinese social media is a thousand times more informative than any Western news source about China.
> Founders are also now required to be personally liable for their company’s loans.
> Hard to imagine why anyone would start a company under these conditions.
Whow. They introduced accountability! That would be incredibly harmful to all the crooks out there.
Well done
"Limited Liability" coupled with Venture capital, which was willing to take risky bets, was one of the greatest innovations unshackling a lot of entrepreneurship.
> Whow. They introduced accountability! That would be incredibly harmful to all the crooks out there.
Be careful what you wish for. Founders being personally liable essentially means you are going to get only a fraction of startup activity.
Exactly. Limited liability is a big worry. Crooks everywhere
Is it just that those companies were founded during the peak?
