Comments by "Walter Burton" (@WalterBurton) on "Asianometry"
channel.
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The rest of the world (most of us) gave cash to consumers, emphasized consumption. China emphasized preserving production (yes, coupons and whatnot, but the point is the EMPHASIS). In hindsight, the mistake was assuming that the demand from overseas would return. Or, rather, betting on that outcome. They'll figure it out. I feel bad for the Chinese. Never mind the fact that they're dragging the rest of us down. We all need to work better together to coordinate on keeping the bread and circuses coming, regardless of ideology. Nuclear weapons? Pfffpth! Go pound sand. Yes, we still need treaties and FOR SURE we need non-proliferation efforts (in all of our interest, obviously), blah, blah, blah. More importantly---FAR more importantly---we need to coordinate these markets so that we don't end up with huge masses of angry proles. It doesn't seem like it would be rocket science, to solve that problem. But what do I know?
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Oh wow. This brings back memories. Please pardon the pun. lol But, no, I remember this debate. I remember being surprised that it got so much traction. It was an epic nerd fight, but I remember at the time concluding that the fight wasn't about anything at all important or interesting. To me, anyway.
Thanks. A lot of your videos are great nostalgia hits. I didn't get to Asia (Tokyo, mostly) until the early aughts. But I was in Europe a lot before that, and worked for and with a lot of companies that came out of Mountain View and Palo Alto and other places. Software.
As I age further into the back-half of my century, it's fascinating to see history's consideration of my past environment. An experience that latter-middle-aged people surely experience far more intensely today than their forebears, because everything's moving so fast. Then again, everything's relative, I suppose. These brains are curiously flexible that way.
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See, that's exactly the problem I have with China. It's too easy to criticize their decisions, from the veteran Western capitalist perspective, bec---. No. I'll keep it short. My problem is that so much of their stuff---no matter how "obvious" it seems to us---isn't illogical. They aren't internally inconsistent. It's like, so often. I get what they're trying to accomplish, and I see how this or that solution seems appealing and perfectly reasonable.
But the corruption, and the problem of succession. The fundamental problems of intrastate communication and trust.
They are coming around to the understanding that, at this point in time, it's all about quality of life. And we, in West, know how to do this. We aren't a threat to you, China. We can work all this out. You need to step away from Russia, at the very least. Right now.
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