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Chinese growth has hit what I call "the authoritarian wall".
Both Russia and China will never grow past a certain point for the simple reason that when there's no surity of your company not just be stolen and handed to a member of the ruling party after you being thrown in jail…
时政
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twitter.com
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Chinese growth has hit what I call "the authoritarian wall".
Both Russia and China will never grow past a certain point for the simple reason that when there's no surity of your company not just be stolen and handed to a member of the ruling party after you being thrown in jail or murdered, any great ideas will just be released in the safety of a western country, with rule of law.
Keeping what you work for is the core of western democracy and the reason we will always have better ideas, higher quality products, even better weapons.
Russia and China can grow in short bursts due to temporary high oil prices or from stone age to relative modernity, but the best ideas will always gravitate toward rule of law, safely attached to their originators.
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ANDREJ KARPATHY: ELON LOVES SMALL, HIGHLY TECHNICAL TEAMS.
“Elon likes very small, strong, highly technical teams.
At companies, by default, the teams grow and they get large.
Elon was always a force against growth.
I would have to work and expend efforts to hire people.
I
btc
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twitter.com)
Another round of weak economic data Almost a year into Trump’s policies, Americans are worse off. You can’t tell families to be patient while bills keep rising. Since “Liberation Day,” job growth is just 17,000 a month, over 700,000 Americans are unemployed than last year, and
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twitter.com)
Beijing is Dying. From dead malls and empty restaurants to aging streets and fearful residents, Beijing’s story is no longer about growth — it’s about managed decline. Even the Great Wall and the Forbidden City can’t save a capital that’s lost its people, its culture, and its
时政
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twitter.com)