Mark Tinker, chief investment officer and managing director at ToscaFund Hong Kong, says the West "spent years assuming that China was just another emerging ...
What a wonderful video, the incredulity of the host the calm of the guy being interviewed, and the takeaway message we fucked up betting against what China warned us they were going to do.
The fact that China literally publishes five year plans saying exactly what they intend to do while the west acts as if China is inscrutable will never stop being hilarious.
They can't process that a long term plan is not a lie to calm the population until they forget about it and you propose increasingly less good long term plans, and are actually the plan the government is implementating
Absolutely, there is basically no chance of the west being able to mount a coherent response to China's rise when they don't even have the basic understanding of how China works. Meanwhile, China understands west quite well and that's what allows China to run circles around western policy.
It's cause western companies are optimized to maximize quarterly profits for the shareholders. This basically precludes doing any long term planning or investment.
Literally. Even five-ten-year strategic plans are an effort to shore up the finances for the next six months, to calm investors that there share prices will rise. When the plan inevitably fails for being based on outdated figures, they'll just run another grift, asset strip the place, or restructure to use the failing business as a tax write-off for the parent company.
What a wonderful video, the incredulity of the host the calm of the guy being interviewed, and the takeaway message we fucked up betting against what China warned us they were going to do.
The fact that China literally publishes five year plans saying exactly what they intend to do while the west acts as if China is inscrutable will never stop being hilarious.
They can't process that a long term plan is not a lie to calm the population until they forget about it and you propose increasingly less good long term plans, and are actually the plan the government is implementating
It's what happens when you start guzzling your own propaganda kool-aid. Western leadership convinced itself that China is a Potemkin village.
Let them loose their imaginations. The more detached they are from reality, the faster and more comedic their downfall.
Absolutely, there is basically no chance of the west being able to mount a coherent response to China's rise when they don't even have the basic understanding of how China works. Meanwhile, China understands west quite well and that's what allows China to run circles around western policy.
white people can't read
fun fact Real literacy rates are so low in the United States, that officaly they now count anyone who graduates High School as 100% literate, ...
Fun fact 2 Real Literacy rates in the US are below 50% is the last data I saw
Western company managers can see forward about 6 months. I see it everyday on the coal face.
It's cause western companies are optimized to maximize quarterly profits for the shareholders. This basically precludes doing any long term planning or investment.
Literally. Even five-ten-year strategic plans are an effort to shore up the finances for the next six months, to calm investors that there share prices will rise. When the plan inevitably fails for being based on outdated figures, they'll just run another grift, asset strip the place, or restructure to use the failing business as a tax write-off for the parent company.