by Summary:
Moon of Alabama attacks an article by Stephen Roach, former chairman of Morgan Stanley Asia and chief economist at Morgan Stanley. Roach is looking through a US-centric lens and as a result gets the bigger picture wrong.There is a further reason that is not mentioned. Big Tech, while a driver of profit, is not only economically unproductive but also undermining of a culture. TV was supposedly the cause of turning Western culture into a wasteland. Social media and gaming do that on steroids. The Chinese leadership gets this and has no intention of letting Chinese culture go the way of the West so that rent seekers can make money.Moon of AlabamaChina Cracks Down On Tech - Its People Benefit
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Moon of Alabama attacks an article by Stephen Roach, former chairman of Morgan Stanley Asia and chief economist at Morgan Stanley. Roach is looking through a US-centric lens and as a result gets the bigger picture wrong.There is a further reason that is not mentioned. Big Tech, while a driver of profit, is not only economically unproductive but also undermining of a culture. TV was supposedly the cause of turning Western culture into a wasteland. Social media and gaming do that on steroids. The Chinese leadership gets this and has no intention of letting Chinese culture go the way of the West so that rent seekers can make money.Moon of AlabamaChina Cracks Down On Tech - Its People Benefit
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Monte Carlo simulation explained (student stuff)
Mike Norman writes Corporate buybacks
Mike Norman writes Month end settlements
Angry Bear writes Biden finalizes rule opening up Obamacare to DACA recipients
Moon of Alabama attacks an article by Stephen Roach, former chairman of Morgan Stanley Asia and chief economist at Morgan Stanley. Roach is looking through a US-centric lens and as a result gets the bigger picture wrong.
There is a further reason that is not mentioned. Big Tech, while a driver of profit, is not only economically unproductive but also undermining of a culture. TV was supposedly the cause of turning Western culture into a wasteland. Social media and gaming do that on steroids. The Chinese leadership gets this and has no intention of letting Chinese culture go the way of the West so that rent seekers can make money.
China Cracks Down On Tech - Its People Benefit