RE: https://mastodon.social/@UP8/116597227671224128
Fascinating ‘big picture’ read, including: “…right now we are playing out two underlying theories of what constitutes value. In the U.S., we have decided that value is measured by the number of zeroes in a bank account of an oligarch. In China, they have decided that value is measured by the ability to make things people and nations need. We structure our rules differently as a result. In some sense, we are both succeeding at what we put our systems to work for.” And “ In a few years, unless we change strategies and restructure our relationship with finance and China, the U.S. won’t have any industries left. We’ll be a hungry and desperate oligarchy, wondering how we can beg a few more scraps from that high tech nation across the Pacific. I’d prefer to avoid that. Xi Jinping, and most of Wall Street, is fine with it.
“And that’s why the people at the Xi-Trump summit are fine with no outcomes. The status quo, for all those American CEOs and the Chinese leadership, is working out. It’s the rest of us who are in trouble.”
#USPol #ChinaPol #Oligarchy #values #efficiencyMoat #finance #productivity #CEOs