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Xi Jinping's historic power grab in China

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  • tantalus
    replied
    Originally posted by hboGYT View Post
    Well here's tangentially related question. With advanced AI, will a planned economy be more efficient than a market economy?
    With any luck the ccp are abandoning their version of a market economy too soon to get the advanced AI 1st (although not sure if it is too early). Ultimately I reckon super AI and planned economy are a match made in tian.

    Lasy few months China is showing chinks in the armor, may be jeopardising the trend towards domination by attacking their private sector (Alibaba, education, gaming - a great deal of future innovation will come out of gaming) and their attack on the crypto sector. Especially bullish on their attack on crypto, hopefully the US don't fuck up regulation on that one.

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  • DOR
    replied
    GIGO loves AI

    Leave a comment:


  • hboGYT
    replied
    Well here's tangentially related question. With advanced AI, will a planned economy be more efficient than a market economy?

    Leave a comment:


  • DOR
    replied
    The WSJ seems to be confusing Mao with Marx. Marx saw capitalism as a trasitory phase on the road to socialism; Mao thought he could leap-frog from feudalism to socialism and then – the communes – to communism.

    Imagine a tightly clenched fist. That's the state/party's grip on the economy, pre-Deng.
    Now, imagine that fist slowly, over 40 years, unclenching. It starts very slowly, but increases speed under Jiang and Hu.
    Today, the fist is more of a cupped hand.

    To think of Xi Jinping as reclosing that hand is such a long stretch as to be well beyond consideration. Teddy Roosevelt's trust-busting is far, far more of an effort to exert centralized control over the economy than Xi is attempting today.

    = = = = =

    Liu He is the main economic voice under Xi, but in economics keep an eye on Ren Hongbin, Wu Jianli, Tian Huiyu, and Tian Guoli. Rapidly rising helicopters, one and all.

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  • Parihaka
    replied
    Originally posted by hboGYT View Post

    Well, I hope he has at least validated his model of the economy in theory. Does he have economists and sociologists advising him, or is he just winging it?
    Very autocratic with a clear vision. Actually making it work is a task for underlings.

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  • hboGYT
    replied
    Originally posted by Parihaka View Post
    Well, I hope he has at least validated his model of the economy in theory. Does he have economists and sociologists advising him, or is he just winging it?

    Leave a comment:


  • Parihaka
    replied
    The Wall Street Journal excerpt

    For most of the 40 years after Deng Xiaoping first unleashed economic reforms in China, Communist Party leaders gave market forces wider room to flourish. That opening helped lift hundreds of millions of people out of poverty and created trillions of dollars in wealth, but also led to rampant corruption and eroded the ideological basis for continued Communist rule.

    In Mr. Xi’s opinion, private capital now has been allowed to run amok, menacing the party’s legitimacy, officials familiar with his priorities say. The Wall Street Journal examination shows he is trying forcefully to get China back to the vision of Mao Zedong, who saw capitalism as a transitory phase on the road to socialism.

    Mr. Xi isn’t planning to eradicate market forces, the Journal examination indicates. But he appears to want a state in which the party does more to steer flows of money, sets tighter parameters for entrepreneurs and investors and their ability to make profits, and exercises even more control over the economy than now. In essence, this suggests that he aims to rewrite the rules of business in what could someday be the world’s biggest economy.

    “China has entered a new stage of development,” Mr. Xi declared in a speech in January. The goal, he said, is to build China into a “modern socialist power.”

    Mr. Xi’s overhaul has generated more than 100 regulatory actions, government directives and policy changes since late last year, according to a Journal tally, including steps aimed at breaking the market dominance of companies such as e-commerce behemoth Alibaba Group Holding Ltd., conglomerate Tencent Holdings Ltd. and ride-sharing leader Didi Global Inc.

    The government’s recent measures to tame housing prices are worsening a cash crunch at China Evergrande Group , a heavily indebted real-estate developer, sending chills across global markets. Beijing is unlikely to bail out Evergrande the way it has rescued many state firms, analysts say, and could further tighten the regulatory screws on other private developers.

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  • DOR
    replied
    My take is that the key driver on tutors is to narrow the gap between haves and have-nots.
    It is unlikely to work.

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  • hboGYT
    replied
    Originally posted by Double Edge View Post

    XJP is countering by starting a cultural revolution 2.0. Why is he going after private education. They don't teach XJP thought.

    .
    Not sure about the other points, but intention of shuttering private education appears to be reducing burdens on students.

    Too many students learn things they will never use, because university admission relies heavily on exam scores and the questions get harder and harder to separate the wheat from the chaff. Most resort to private tutoring to have a shot at university.

    This may not be a bad thing. Who knows.

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  • DOR
    replied

    How happy are the rich under XJP ? have they been making the kind of money they used to make.
    => The rich are stepping into line, to stay out of prison. Why bring happiness into it?

    If not they will want XJP replaced. Can the Chinese deep state collude with the Americans to do it
    =>Is there some reason to think that CCP political culture changed last night? Did I miss the part where the CCP suddenly gave a flying fig about what the rich want?

    XJP is countering by starting a cultural revolution 2.0. Why is he going after private education. They don't teach XJP thought.
    => GPCR II … by a guy whose father was purged from 1962 to 1978 … no.

    XJP didn't get much of an education. The last cultural revolution interrupted it. So he learnt on the street.
    => So did everyone else his age.

    Bo was the preferred choice but his wife committed murder so they had to go with some one else.
    => Bo’s gone, get over it.

    XJP was supposed to be temporary but now he does not want to go.]
    => Says who?

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  • Double Edge
    replied
    Originally posted by DOR View Post
    The rich constitute a potential alternative power base, if not today, tomorrow. Going after them not only curbs any thought of developing a civil society with rights to policy or (Mao forbid!) leadership influence, but also plays well with the handful of true communists remaining in the top 10,000
    How happy are the rich under XJP ? have they been making the kind of money they used to make.

    If not they will want XJP replaced. Can the Chinese deep state collude with the Americans to do it

    XJP is countering by starting a cultural revolution 2.0. Why is he going after private education. They don't teach XJP thought.

    XJP didn't get much of an education. The last cultural revolution interrupted it. So he learnt on the street.

    Bo was the preferred choice but his wife committed murder so they had to go with some one else.

    XJP was supposed to be temporary but now he does not want to go.
    Last edited by Double Edge; 02 Sep 21,, 13:36.

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  • DOR
    replied
    Originally posted by Double Edge View Post
    Ah you have spotted the misattribution of cause and effect

    Rather it's the other way around to prevent the rich from getting too big for their boots.

    CCP will attend to the threat first, ie. alternative power base.

    The side effect is populism if the poor choose to see it that way.

    Bo'e example is a template they can use to go after any elite.
    I agree, except for the “side effect is populism if the poor choose to see it that way.”
    Nobody cares how the poor see anything, until the army isn’t happy.

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  • Double Edge
    replied
    Originally posted by DOR View Post
    The poor don’t decide who gets what career boost.
    Hu Jintao and Bo Xilai, separately, tried to refocus policy on less well-off regions. That didn’t work out so well for them.
    ”The rich” constitute a potential alternative power base, if not today, tomorrow. Going after them not only curbs any thought of developing a civil society with rights to policy or (Mao forbid!) leadership influence, but also plays well with the handful of true communists remaining in the top 10,000 … Bo’s base.
    Ah you have spotted the misattribution of cause and effect

    Rather it's the other way around to prevent the rich from getting too big for their boots.

    CCP will attend to the threat first, ie. alternative power base.

    The side effect is populism if the poor choose to see it that way.

    Bo'e example is a template they can use to go after any elite.
    Last edited by Double Edge; 01 Sep 21,, 20:01.

    Leave a comment:


  • DOR
    replied
    The poor don’t decide who gets what career boost.
    Hu Jintao and Bo Xilai, separately, tried to refocus policy on less well-off regions. That didn’t work out so well for them.
    ”The rich” constitute a potential alternative power base, if not today, tomorrow. Going after them not only curbs any thought of developing a civil society with rights to policy or (Mao forbid!) leadership influence, but also plays well with the handful of true communists remaining in the top 10,000 … Bo’s base.

    Leave a comment:


  • Double Edge
    replied
    Idea i heard.

    By going after the rich, XJP is shoring up his support from the poor in China.

    If he pulls that off he can continue to screw up for much longer.

    Leave a comment:

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