justinian on Sidechat | One of the biggest disadvantages we have against China is that China builds and produces massive amounts of goods and products and we are too focused on fake money-magic and speculation, which we stupidly pretend is called“innovation” We need to fix this

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US Politics 21w

justinian

One of the biggest disadvantages we have against China is that China builds and produces massive amounts of goods and products and we are too focused on fake money-magic and speculation, which we stupidly pretend is called“innovation” We need to fix this

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Anonymous 21w

Tbf we used to be actual drivers of innovation before we started waging war on our own academics and immigrants who powered that innovation in the first place. We still got a bit of that but it seems to be faltering as china gets better at it

Anonymous 21w

We focus more on profits than civilization building. There's a bunch of theoretical money here, but we will not ever see it in the market. China's profits are mostly tangible, real money that exists in the market.

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Anonymous

fuuuckyikyak 21w

Also doesn’t china have an issue with overproducing and sometimes failing to find markets for all their goods?

Anonymous

fuuuckyikyak 21w

yea but thats what we might call a “good problem”

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Anonymous

justinian 21w

Is it though? I know it’s been a problem for them in the past, much like their overbuilding of apartment buildings in big cities has been a problem