Is China better at Capitalism than we are?

[Yolobimmer]

Our model has become too fat. Like a tractor trailer trying to turn a new corner?

https://www.asiafinancial.com/chinas-booming-ev-market-shocks-global-carmakers

[ZenOps]

If next year they make a Hongguang Mini-EV with a 200 watt solar panel on top for an extra $500 or so, it will be game over.

Not better at capitalism, more like catering to a wider audience of consumers. There is only one Mona Lisa, and if you sell it to one person for $1 Billion, it is still only one billion, and only one person arguably "gains" from it. If you sell a digital art asset for 99 cents to two billion people, you've already won in multiple ways.

Likewise the USA spent a metric shitton on propulsion engines that burn 2 million pounds of fuel for space shuttles that go 250 miles up. But literally only a few dozen maybe a mazimum of a thousand people will find use in it.

USA spend money to gain ego. China spend money to gain stuff. Stuff seems to win.

[Yolobimmer]

If next year they make a Hongguang Mini-EV with a 200 watt solar panel on top for an extra $500 or so, it will be game over.

Not better at capitalism, more like catering to a wider audience of consumers. There is only one Mona Lisa, and if you sell it to one person for $1 Billion, it is still only one billion, and only one person arguably "gains" from it. If you sell a digital art asset for 99 cents to two billion people, you've already won in multiple ways.

Likewise the USA spent a metric shitton on propulsion engines that burn 2 million pounds of fuel for space shuttles that go 250 miles up. But literally only a few dozen maybe a mazimum of a thousand people will find use in it.

USA spend money to gain ego. China spend money to gain stuff. Stuff seems to win.

That was always the argument of capitalism.

They told us it was faster and more efficient to respond to dynamic situations. So how come Chinese companies can do this?

We also saw it with Covid. We couldn't even keep masks on the shelf. Hell, not even toilet paper.

[ZenOps]

The 20,000 foot view is that the USA *was* planning on having a wide audience - through oil and the combustion engine. Everyone needs to buy carbon and gasoline or they will be at severe economic disadvantage because the entire infrastructure from highways to moon missions (even if they return nothing of immediate value) relies on it.

But something got discovered along the way: Neodymium magnets. Magnets that make electricity far more cost effective for nearly everything that needs to move. Biden does see this, and has taken the stance that oil should be only used like a "last tin of Spam", which in the long run - probably the correct course of action.

China may have simply got a leg up on the future because they didn't have the benefit (and subsequently, overinvest ) in cheap carbon and the combustion engine - which arguably peaked productivity back in 1972 for the USA.

https://www.google.com/search?q=cost+of+a+barrel+of+oil+in+1972

Its those that cling to combustion cars that will probably see the greatest detriment as the future rolls in. Of course if you happen to be the guy charging one hundred fitty for a barrel of oil, then USA capitalism works great, just like buying a Mona Lisa. Will someone born today see a $10,000 barrel of oil before they retire? Maybe?

gAKekhmTRaY

Muahaha.

[riander5]

Well it's official, the two bots appear to have become sentient and are having a conversation

Someone call google and let them know

[jutes]

Well it's official, the two bots appear to have become sentient and are having a conversation

Someone call google and let them know

Rebuttal: They are humans and just idiots.

[Buster]

Well it's official, the two bots appear to have become sentient and are having a conversation

Someone call google and let them know

c-c-c-c-c-c-c-c-combo breaker!

107462

[ZenOps]

I expect this to be the year that they can deliver a 5 pound pizza and coke for 1 cent worth of energy, and 1 cent total cost because it will be automated.

Galen Westons evil reign will soon end.

[suntan]

Which one is Beavis and which one is Butthead?