From the article: "Hong Kong(CNN Business)China has cut its global tech champions down to size, cracking down on antitrust abuses and undue risk taking. But the heavy-handed approach could backfire on Beijing by stifling an entrepreneurial spirit that has proven vital to the country's rapid economic rise."
The greatest leaps in technology over the last 100 years came almost exclusively from public/government investment.
Public investment that billionaires exploited for their own profit! You want to throw away what works?
The only way to get billionaires to actually do the research is to remove all chance of loss (as seen with Corona vaccine development). Otherwise it is mostly just taking what publicly funded research finds, add the last step and copyright it (also seen with Corona and the AstraZeneca vaccine).
The only things that is pioneered in the private sector is ways to circumvent labour laws such as Uber and AirBnB.
that doesn't really disprove the idea that it's because of a few exceptional individuals, i feel compelled to say
Can China still lead the world in tech if Jack Ma's face keeps shrinking at an alarming rate?
If CNN is so worried about China cutting its "global tech champions" down to size, surely they must support lifting the sanctions that were placed on Huawei, right?
We don't even have to stretch that far to sanctions or entity lists. There's a more relevant point in Meng Wanzhou. Hmm, I wonder who cut her down to size?
Can America still lead the world in cryptocurrency grifting without a new Elon Musk?
But seriously, this is the Great CEO Theory of history. There are still some inventors working by themselves to make new things, but they aren't doing Edison/Tesla-level inventing anymore. Anything sufficiently complicated is "invented" by a group of people, usually working with public funds.
Lmao "champions" Real champions wouldn't need to abuse trust
Nah, he came back after a while and kind of shut his trap. Seems to be fine, he was playing golf the day he came back
Kind of what I figured would happen when the media was going crazy about his “disappearance.” Shame really
