/biz/ - Business & Finance

>>20284362
Im not a burger though.
Looking at my computer all my components are either made in the US, Taiwan or Germany. Your computer will also only have parts from companies of these three countries inside. Maybe 4 if you have some Samsung SSD.
Then I drive a ford to aldi, order a book from Amazon on my Windows OS and maybe play a video game probably developed in the US. Or read a manga from Japan.
>>20284450
>if you think the US economy has a low level of corruption you are sorely mistaken, the cracks of it are beginning to show thanks to covid.
If you think the western world is corrupt you do not know Asia. A whole different level of corruption and mismanagement.

>Alibaba is basically Amazon Asia, and Tencent is basically Google in terms of how many industries they're in. Just because you don't use them doesn't mean that they're irrelevant.
Both exclusively Chinese. Not knowing the numbers exactly but Id be surprised if even 15% of revenue of Baba is non-Chinese.
They are relevant only in China, partly because their party bans western competition. Which, naturally, encourages laziness and even less competitiveness compared to their western counterparts long term.
>I would give it 10 years.
Way longer.
Companies, stocks and the "general feeling of the economy" as Id describe higher standard of living are not really synonymous. So far no Chinese company can compete with the west on even footing. Which is quite telling when companies from Taiwan or SK can. Taiwan has so many tech companies from Acer to Asus to TSM, SK doesnt even need examples. China has Baba, Tencent and... Westerners would already be hard pressed to name more than Baba.

I also see a big problem when that wealth creation slows down. The country works because it gets richer fast. When the country stagnates the people may no longer accept a party that keeps them down and takes their stuff away. And there will be a lot of infighting in that regime when resources get sparse.

What the fuck is this bullshit? Why does Binance support completely random coins? Fuck, HOT's ICO (or whatever they call their ICO) happened LITERALLY JUST MONTHS AGO! Fuck.

Nobody, NOBODY expected this.

FUUCK I PUT ALL MY IDEX MONEY ON A SHIT ICO INSTEAD
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA DAMMIT ITS NOT FAIR