/biz/ - Business & Finance

>>12244082
China and the developing world have a huge benefit in terms of economic growth.
That is that they have to "invent" anything, all they have to do is copy/implement western technology.

Since technology in a free-market system is not contained within borders, the difference between countries GDP per capita will eventually even out.
..and the only difference between countries will be in the form of wealth (inherited), and culture (business, society and governance).

>>12244184
>China and the developing world
You're thinking on this subject is already obsolete, informed by stereotypes that may have applied in 2003 or 2006 but no longer do. China only has pockets of true Third World poverty but while it is still developing it can no longer be called a Third World country--the long-forgotten term, "second world" probably works best.
https://www.forbes.com/sites/kenrapoza/2017/08/16/china-wage-levels-equal-to-or-surpass-parts-of-europe/#6279da183e7f
In just 13 more years it will probably be on the poorer end of the first world spectrum.

>That is that they have to "invent" anything, all they have to do is copy/implement western technology.
But in fact, they ARE inventing things. They are already number two in high-quality science.
https://www.herald.co.zw/china-surges-to-worlds-second-in-high-quality-science/

Really, Shenzen is the only serious competitor to Silicon Valley. Eurocucks are in such a sad state that they only have one readily recognizable tech start-up on the whole continent (Spotify) whereas the US has dozens and China already has a few.

>we'll clawback!
No, you won't. China's R&D spending is already above that of the Eurozone and the clock is ticking for when they will overtake the US. Add in the fact that it has been demonstrated that innovation/R&D takes place where there's industry.

Deindustrializing Western economies subsisting off their economic legacies and tech rents/financial power are setting themselves up for economic suicide. One day, neither the tech rents will be present as innovation stalls, and invisible income from finance and the offshore world will not be enough to hold up the living standards that Westerners are accustomed to.

Its already happened in the US where the minimum wage is already less today in a great number of states than it was in 1968.

>>12244319
Go to a drug store, how many of the drugs there do you think is invented in China - by a Chinese company? probably zero..

Look at the apps, digital media or the computer games you play.. how many of them comes from China?

It won't be China that makes space-travel affordable, or who implement self-driving cars which we will use. It won't be China that invents the next medicin against Cancer..
..but i wish it were, because any technological step toward will probably improve my life and the lives of the people i care about, if this is done in China, India or Africa, then great - who gives a shit where autonomous sex-dolls are invented, as long as they are invented.

>>12244082
Asain "men" love BBC look at this chink cope, we gonna FUCK your women

>>12244432
>It won't be China that makes...autonomous sex-dolls
You sure about that bucko?
https://phys.org/news/2017-01-bionic-woman-chinese-robot-charm.html
https://www.youtube.com/watch?v=a50J8t3bbIA

>>12244515
as i said, unless you can buy stuff in a store for money, then it doesn't exist.
There are no self-driving cars - because you can't buy one, there are no autonomous sex dolls, because you can't buy it.
There are no lab-grown organs - because you can't buy it.

Every scientific discovery, medical breakthrough or flawless tech gadget, that you can't buy with money, doesn't exist.

how long do I have to lurk this thread until we start talking about the Thucydides Trap?

>>12244550
>unless you can buy stuff in a store for money
I’m not sure what your actual point is beyond the whole boomer-tier argument that since you can afford a cellphone you can’t eeally be poor.

No one denies that the access of the poor to new goods with new use-values increases overtime even if their income stays completely stagnant or even falls.

What I am saying is that while your tap-dancing for Texas Road House hoping for a ten cent raise—Chang is expecting a near ten percent raise this year. And he’s not getting it because he worked hard or he’s especially talented. Even the salt of the earth wage-cuck NPCs in China are experiencing income raises that Americans only experience through job-hopping and/or credential attainment.

Chang maybe sell General Tsao chicken cooked in gutter oil for his uncle but the facts are he can do the same job for his entire working life of 60 years and expect to get a pay increase of 460%. He won’t have to bust his ass for promotions or bonuses to earn this pay increase.

If you tried a similar coasting strategy you would only experience an increase of about 100% over your working lifetime.

Imagine the opportunities then that would be available to someone who pursues the adventurous habits that American workers have adopted to try to stem (...but ultimately fail) their falling standards of living.

You may have a sex doll in the future but the sad fact is you’ll probably still be living in a shack if you were raised in a shack

Chang will probably have moved into a McMansion by then

>>12244630
there never came a hot war between soviet and the west, although plenty of reasons for it.
I don't think there will ever be a hot war between the US and China (Europe has to much trade with China, and will stay neutral in most cases).

Proxy and cyberwars between China and the US seems inevitable.

The West is in a right state.

>>12244082
>>>/pol/

>NYtimes
>reddit spacing

please go back

>>12244712
what about that China has about 10 million disposable men.

>>12244689
I hate to say it but what I outlined ITT really is the optimistic reading of the evidence. The past 40 years have really debunked the notion that real wages will just continually rise and never regress on their own.

A lot of jobs that paid well simply aren’t available for workers with the same standards of education as the past. Even manufacturing doesn’t pay as well as it used to even if it beats the hell out of a McJob.

The minimum wage has fallen in real terms even if you can buy video games that are unimaginably superior to what existed in the late 70s and 80s. There’s no reason to expect that wages will just rise on their own absent legislation to bring it about, immigration reduction and/or a major labor shortage. What we are experiencing is the closest thing to a general labor shortage in almost 60 years and it is still nowhere close to sending wages to the moon at rates similar to gains during the IR or in the 50s. Many discouraged workers haven’t even re-entered the labor market.

There’s no reason to expect that the average American’s financial prospects will just magically better absent a deep deflationary episode

>>12244730
>reddit-spaces his own post
wdhmbt?

>>12244781
Both the US and China has nukes.. they can't go into a direct war with each other. All it takes is a single US nuclear submarine to land a nuke in Bejing, and 20-30 million chinese will die.

if you add in a couple of more city-nukes on both sides, war is basically suicide.

>>12244082
Two times zero is still zero, chong.

LMFAO, WHITIES TIME IS OVER AND IT'S ALL HIS FAULT.

>>12244082
>Shows a graph of a buttfuck thirdworld country trying to become a secondworld country
>Pretends it's insightful

>>12244082
you can thank capitalist countries for helping the Ching chongs

America must do everything in it’s power to stop China. Hopefully this results in the destruction of both America and China and we can finally have peace and prosperity

>>12244082
>Capitalism was a mistake
how do you think china is achieving all this?

also it's easier to get a better lifestyle when you start from the bottom

and the thing that is killing western economies isnt capitalism, is socialist/populaist politics


READ
A
BOOK

>>12245518
>be successful communist country
>neoliberal nerd: akshually, capitalism did that!!!!!112
>me: cool, let’s adopt some of their policies then
>Neolib: That’s socialism, retard!
>Me: huh

*squints at failing Western capitalist states where almost everything is privately owned*
>Me: So what is wrong with these states over here then?
Neolib: socialism dummy!
>Me: ....

Lmao chingchongchans getting mad our BBC is wrecking them. Thats why y'all keep coming to Africa "investing" y'all importing BBC next

>>12244082

You’re mostly right, the West committed suicide by becoming liberal and politically correct, originally brought on by Christian moral faggotry hundreds of years ago and later manifesting as feminism and multi culti. China doesn’t give a fuck about any of that so they’ll unfortunately be the leader of the world by 2050 and the West will devolve into some form of Brazil.

>>12245819
Brazil would actually be fantastic if not for the corruption, which brought on massive crime wave. They're just a duterte away from being paradise on earth really, and maybe ballsynaro can oblige. If you want a multiculti hellhole, look no further than the UK, sweden or cucknada.

>>12244082
china is not communist...

yikes. I feel sorry for you

>>12245923
You forgot Australia literally a shithole with fake immigration stats. I wonder what the real stats are?

>believing ANY statistics about China
Famously fake. They did a p great job, but nothing even close to what’s in the pic

>>12244082
China is still poor.
They're never going to be innovative due to social credit which is being rapidly implemented. This is a temporary economic jump due to lax enforcement of regulations. They're going full psycho pass.
All true innovative ideas are disruptive, which means they are dangerous to powerful interests. What that's going to mean in China is very low social score, ie. innovative individuals are literally going to become unpersons.
Bureaucrats always think innovation is something that happens top down.

>>12244082
https://bloodyshovel.wordpress.com/2018/11/27/chinas-crispr-babies-might-have-wasted-our-last-chance/

You couldn't even do CRISPR without this chink autism swallowing it up.

>>12246144
this.

>believing anything without checking multiple sources

remember when they said that funny fat korean leader guy supposedly ordered every dude to have the same haircut as him? well there were later videos from North Korea and people seemed to have different haircuts.

you are influenced by propaganda every day and you don't even know it.

China has peaked and will go back to their opium addicted ways

>>12244082
https://www.youtube.com/watch?v=Dkw15LkZ_Kw&feature=youtu.be

how many good boy points did the promise you for this post ?

>>12244082
China numba wan!

>>12244082
https://youtu.be/o--FmUXHPKE?t=2560
>this kills the Ch*nkoid

DELETE THIS THREAD NOW