The "Chinese cannot innovate or think out of the box" argument, is tired and well past its due by date. Anyone with any knowledge of Shenzhen or the Chinese tech space will tell you this, for free.
It has examined that China is already thinking out of the old box entirely. Simply looking at Xinjiang, China is rapidly building it as a second World Factory for mid-Asia and east Europe through Belt and Road inter-rails. There are mega manufacturing bases receiving shoes and jeans factories from Fujian and coastals. There are huge solar and wind power fields on gobi deserts, providing low carbon power to the new green world factories. Based on the performance China can make its mind up to promise carbon neutral in 2060.
Bitcoin and similar assets are what we call speculative assets, meaning their value is determined by the next person willing to pay a higher price. Stocks real estate etc are productive assets where there value is derived from things they produce (e.g rents,profits etc.) Hence the term "productive" so there's definitely differences there :)
Bitcoin is the future of crypto and the questions traders ask themselves now is if this is the right time to invest? Before jumping into conclusion I think you take a look at things first
It is incorrect for the speaker to say that the Chinese government and the ordinary Chinese Han people do not care about the Uyghur minority in Xin Jiang. Ethnic minorities in China get a preferential treatment in all kinds of way. The standard of living in Xin Jiang is improving all the time and the Uyghur population has increased from 5 1/2 million to 12 million in the last 40 years. There is widespread mis-reporting in the West about the Uyghur minority in Xin Jiang.
Some misleading information helped to make America elites to justify their accusations of Chinese in Xinjiang. I could not believe he used a taxi driver word to accuse Chinese as a whole of cold blood racists. He said no individual rights poor human rights and Chinese hate Xi jinxing and their kings in a talk earlier but with him Chinese with kill each other to justify America to have regime change then Chinese will break up and fight each other.
Please do NOT blame others for your own poor policies. No one forced the US to amass such a huge debt, and spend the money on military industrial Complex. The wasteful spending is horrendous : sending warships 2000km away to annoy others is a prime example. Cut military spending and use those savings on R&D, and infrastructure renewal. US will be strongest in no time ! Time to get back the 'government of the people, by the people, for the people'. Accountable to the people, too.
@@dote5555 It's not that easy anymore once they go down that route because there's a lot of jobs in military that depends on that money and a lot of military industry complex in US is going to get upset and that can cause collapse of US, as they hold US policy at gunpoint. We might be seeing a coup in US if that ever happened.
China is a surveillance society run by communist party elites. No press freedoms, no free speech or free thought...plus genocidal treatment of ethnic Muslims. Just a paradise.
@@garyofnyc yet they consistently have high levels of support for the government, even according to western research. it's almost as if quality of life has drastically improved for 99% of the people, and their wages have risen tenfold in the last 20 years. you can select negatives and paint any country like you do anyway. i'll do the US for you, since you're probably american (NYC in your name): the US is a country with far more violent crime than china. women in china can actually walk alone at night without having to fear getting robbed or worse. meanwhile in the US you need special police units in china/koreatowns because asian-americans keep getting beaten up. the US is a country of political polarization where one half despises the other half. a country where corporations own the politicians through legal bribery aka lobbying. a country with stagnant wages, rampant drug addiction and homelessness, police violence, racism, and the highest incarceration rate in the world. its native american population was almost completely wiped out and has been reduced to 2% of the population, mostly living in impoverished reservations with widespread alcoholism and violence. a country that has a habit of forcing its will on other countries through sanctions or its military might, while at the same time being a hypocrite about it and calling china or russia the bullies. big bad cuba is still being sanctioned by the US to this day. even the international criminal court isn't immune from sanctions, because how dare they investigate US war crimes in afghanistan. all in the name of democracy and freedom of course. says the country where there was nearly a coup this year, the country that had CIA torture sites across the world, the country that supports and protects countries such as salafism-spreading saudi arabia and apartheid state israel.
Excellent speech always from Goldman. Just disagreeing on a few items but completely understandable coming from an American view point. 1. All humans have innate racism in them. Simply because we are all different and holds our own culture, comfort zones and prejudices. We have Meghan being ostracised even when her husband is a prince. What more can we say about the Chinese on Uyghur? However it is more political than racism when come to Xinjiang, who borders the central asia, India and Russia. Instead of racism, its more ethnocentrism where the Chinese wants to make the Uyghur Chinese other than just being a national. 2. It’s true the Chinese does very well with a plan in mind and indeed may not have the Mavericks to creat things by accident. Exactly the point, what if the Chinese invent stuff not by accident but by design and processes? Wouldn’t more inventions happen and it’s more productive takes shorter time from prototype to market? Have rethink! 3. It’s indeed tragic that Covid 19 started in China and become really hated. But no one wants a pandemic to happen. If anything, it has strengthened China’s core CCP power and weaken irresponsible local regional officialdom. It’s the local-regional officials who were irresponsible but remember it was Beijing who stepped in.... supposedly a bit late but diseases spreads fast, coupled with an irresponsible Trump who allowed the spread to go wild... similarly in Europe, all watching China’s pain without helping much when it happened. A Denmark artist even replaced the stars of China’s national flag with the coronavirus. So much blame is on China but don’t forget who allowed the virus to spread. 4. Xi is immensely popular. Don’t call him a thug. He is to the US because of his excellent leadership. Li Ke Qiang is a smart guy but he is too nice for an awaken power eager to push China back and down. Xi is strongman and it is natural for the US to hate him. Lastly understandably China is a challenger because it threatens US supremacy but by no means dangerous. The use of such words gives different meaning. Like you said it’s disastrous to have a war between the 2 giants, it is best to use appropriate words.
That's not unusual. America leaders are hypocrites who will exaggerate the wrongs of others through their rose coloured lenses of themselves. They were certainly hoping that the world would turn against china for the virus. But the virus has actually opened the eyes of the world to what was being covered up by the US, unnecessary wars, regime changes, corporate looting, near economic collapse, dollar demise.
@andrew koi min wong Covid came from Fort Detrick Maryland and was leaked into Wuhan using the military games - "vaping deaths" in that USA region mysteriously disappeared after Covid became "popular"
Agree. And the current top boy is fearful of the new boy who transferred from another top school . He's hiding his notes, tripping him up, gathering mates to gang up against the new boy by maligning his reputation and spreading false rumours to the rest of the school.
Who does horrible things? Look at Iraq, Egypt, Syria, Afghanistan, Libya and all the south American countries. All the American neighbors except Canada are doing quite badly. All Chinese neighbors are doing quite well, even Vietnam and Taiwan.
I wouldn't brag about leading China in creating financial schemes and purely speculative financial products on top of insane over valuations at almost every turn which make a large percentage of America's GDP in place of good economy policies.
Good point. Many Asians lost their savings when lehman collapsed. That is why China was so reluctant to open its financial market up. There should be laws against the speculative products as they caused the gfc.
I assume that in the opinions of the Americans that it is a bad thing that China goes to the developing countries to build infrastructures and help lift the people out of poverty?
Yes, AI controlled drones for military use can probably already today replace much of soldiers and pilots. And China being similar today as thousands years ago, yes China has thousands of years of political, trade and business experience. So China's rise today is basically just a continuation of that.
I used to consider David Goldman as a repected China affairs expert and scholar. But his comments on China covid19 handling are very baseless and irresponsible.
also on a taxi driver in Shanghai will say 'kill them all' referring to the Uyghurs is absolutely horirfying and irresponsible....he is the biggest racist of them all!
Now l believe David has only a superficial knowledge of China. But pretending to be an expert on China. He is just another fake China expert, still better than Gordon Chang though. He has a relatively deep understanding of American problems. For example, he thinks the United States should pay attention to education and R&D, train more science and engineering college students. This is exactly what US need and l could not agree more.
@@edwods It made me laugh when you brought Gordon Chang out. Under the current US political environment, it would be near impossible to find a scholar having unbiased interpretation of China.
As the legend in the street has it: Some Uncle Sam was long unable to get his girl friend pregnant, so he went around town bitching about it to just anyone unfortunate to come across, blaming it on the milkman and the postman for not helping out in getting his girl friend pregnant. 🤣🤣🤣🤣🤣
David P.Goldman saying the west cannot beat or lost to China on academic therefore suggest that the west should focus more on creativity... Sorry to say you have missed the boat on that one as well because the remaining 50% of none Scholar becomes world creator and entrepreneurs, such Alibaba, Wechat, Tencent, Tiktok.and many many more. By the way China is already working on 6G and have sent 6G satilites to space to conduct experiement.
China is by definition communist or socialist country, therefore not a winner take it all place as in the US. Shenzhen tells the fact that manufacturing cheap gizmos. Is a thing of the past.
quite arrogant and condescending of you to think that chinese are not innovative and creative. there are a ton of technologies and inventions coming out of china.
I'm not a bealiverr in some grand Jewish conspiracy.that said our ruling class are most certainly Marxist.&I see no reason to be supporting there rule.most certainly after c19.&the 20+years prior.
The "Chinese cannot innovate or think out of the box" argument, is tired and well past its due by date. Anyone with any knowledge of Shenzhen or the Chinese tech space will tell you this, for free.
It has examined that China is already thinking out of the old box entirely. Simply looking at Xinjiang, China is rapidly building it as a second World Factory for mid-Asia and east Europe through Belt and Road inter-rails. There are mega manufacturing bases receiving shoes and jeans factories from Fujian and coastals. There are huge solar and wind power fields on gobi deserts, providing low carbon power to the new green world factories. Based on the performance China can make its mind up to promise carbon neutral in 2060.
Bitcoin and similar assets are what we call speculative assets, meaning their value is determined by the next person willing to pay a higher price. Stocks real estate etc are productive assets where there value is derived from things they produce (e.g rents,profits etc.) Hence the term "productive" so there's definitely differences there :)
The rich invest their money first into assets instead of purchasing liabilities,take a wise decision today to buy and invest in crypto currency
Yupp risk come from lack of knowledge
DON'T UNDERSTAND = DONT INVEST
Bitcoin is the future of crypto and the questions traders ask themselves now is if this is the right time to invest? Before jumping into conclusion I think you take a look at things first
Spread your money among different asset categories like Bitcoin and stocks, then further allocate those funds within each category
Investing in crypto is lucrative and a big chance to make money online
It is incorrect for the speaker to say that the Chinese government and the ordinary Chinese Han people do not care about the Uyghur minority in Xin Jiang. Ethnic minorities in China get a preferential treatment in all kinds of way. The standard of living in Xin Jiang is improving all the time and the Uyghur population has increased from 5 1/2 million to 12 million in the last 40 years. There is widespread mis-reporting in the West about the Uyghur minority in Xin Jiang.
Some misleading information helped to make America elites to justify their accusations of Chinese in Xinjiang. I could not believe he used a taxi driver word to accuse Chinese as a whole of cold blood racists. He said no individual rights poor human rights and Chinese hate Xi jinxing and their kings in a talk earlier but with him Chinese with kill each other to justify America to have regime change then Chinese will break up and fight each other.
So improving living standard of the people in the developing countries is a problem to the usa..
Please do NOT blame others for your own poor policies. No one forced the US to amass such a huge debt, and spend the money on military industrial Complex. The wasteful spending is horrendous : sending warships 2000km away to annoy others is a prime example. Cut military spending and use those savings on R&D, and infrastructure renewal. US will be strongest in no time ! Time to get back the 'government of the people, by the people, for the people'. Accountable to the people, too.
Cut 100 billion for the military and invest 100 billion in technology (chip, AI, 5G) and medical research!
@@dote5555 It's not that easy anymore once they go down that route because there's a lot of jobs in military that depends on that money and a lot of military industry complex in US is going to get upset and that can cause collapse of US, as they hold US policy at gunpoint. We might be seeing a coup in US if that ever happened.
@@saw235
The sequence to get rid of the mass military spend the President will be killed or removed.
David Goldman should focus his talk on improving the American Way of Life and leave the Chinese to decide on how to improve the Chinese Way of Life.
One is highly dependent on the other
China is a surveillance society run by communist party elites. No press freedoms, no free speech or free thought...plus genocidal treatment of ethnic Muslims. Just a paradise.
@@garyofnyc yet they consistently have high levels of support for the government, even according to western research. it's almost as if quality of life has drastically improved for 99% of the people, and their wages have risen tenfold in the last 20 years.
you can select negatives and paint any country like you do anyway. i'll do the US for you, since you're probably american (NYC in your name): the US is a country with far more violent crime than china. women in china can actually walk alone at night without having to fear getting robbed or worse. meanwhile in the US you need special police units in china/koreatowns because asian-americans keep getting beaten up.
the US is a country of political polarization where one half despises the other half. a country where corporations own the politicians through legal bribery aka lobbying. a country with stagnant wages, rampant drug addiction and homelessness, police violence, racism, and the highest incarceration rate in the world. its native american population was almost completely wiped out and has been reduced to 2% of the population, mostly living in impoverished reservations with widespread alcoholism and violence.
a country that has a habit of forcing its will on other countries through sanctions or its military might, while at the same time being a hypocrite about it and calling china or russia the bullies. big bad cuba is still being sanctioned by the US to this day. even the international criminal court isn't immune from sanctions, because how dare they investigate US war crimes in afghanistan.
all in the name of democracy and freedom of course. says the country where there was nearly a coup this year, the country that had CIA torture sites across the world, the country that supports and protects countries such as salafism-spreading saudi arabia and apartheid state israel.
what a dumb comment
Why don't these guys try focusing taking US poor out of poverty first. China has done that already!
Keeps your American way of life but stops imposed onto others!
Excellent speech always from Goldman.
Just disagreeing on a few items but completely understandable coming from an American view point.
1. All humans have innate racism in them. Simply because we are all different and holds our own culture, comfort zones and prejudices.
We have Meghan being ostracised even when her husband is a prince. What more can we say about the Chinese on Uyghur?
However it is more political than racism when come to Xinjiang, who borders the central asia, India and Russia.
Instead of racism, its more ethnocentrism where the Chinese wants to make the Uyghur Chinese other than just being a national.
2. It’s true the Chinese does very well with a plan in mind and indeed may not have the Mavericks to creat things by accident.
Exactly the point, what if the Chinese invent stuff not by accident but by design and processes? Wouldn’t more inventions happen and it’s more productive takes shorter time from prototype to market? Have rethink!
3. It’s indeed tragic that Covid 19 started in China and become really hated. But no one wants a pandemic to happen. If anything, it has strengthened China’s core CCP power and weaken irresponsible local regional officialdom. It’s the local-regional officials who were irresponsible but remember it was Beijing who stepped in.... supposedly a bit late but diseases spreads fast, coupled with an irresponsible Trump who allowed the spread to go wild... similarly in Europe, all watching China’s pain without helping much when it happened. A Denmark artist even replaced the stars of China’s national flag with the coronavirus.
So much blame is on China but don’t forget who allowed the virus to spread.
4. Xi is immensely popular. Don’t call him a thug. He is to the US because of his excellent leadership. Li Ke Qiang is a smart guy but he is too nice for an awaken power eager to push China back and down. Xi is strongman and it is natural for the US to hate him.
Lastly understandably China is a challenger because it threatens US supremacy but by no means dangerous. The use of such words gives different meaning.
Like you said it’s disastrous to have a war between the 2 giants, it is best to use appropriate words.
He deliberately missed the millions of colored people massacred by western slavery invasion bombing looting etc
That's not unusual. America leaders are hypocrites who will exaggerate the wrongs of others through their rose coloured lenses of themselves.
They were certainly hoping that the world would turn against china for the virus. But the virus has actually opened the eyes of the world to what was being covered up by the US, unnecessary wars, regime changes, corporate looting, near economic collapse, dollar demise.
@andrew koi min wong Covid came from Fort Detrick Maryland and was leaked into Wuhan using the military games - "vaping deaths" in that USA region mysteriously disappeared after Covid became "popular"
Although a right-winger, this is right-winger with minds. So as a Chinese, I still tend to listen to his talk
The current captain of the cheerleading squad is scared of the new girl. Look at how she spreads ugly rumors about her to the school.
Agree. And the current top boy is fearful of the new boy who transferred from another top school . He's hiding his notes, tripping him up, gathering mates to gang up against the new boy by maligning his reputation and spreading false rumours to the rest of the school.
Who does horrible things? Look at Iraq, Egypt, Syria, Afghanistan, Libya and all the south American countries. All the American neighbors except Canada are doing quite badly. All Chinese neighbors are doing quite well, even Vietnam and Taiwan.
Why do Americans hate this or that. Can't you live without hating Any race?
You forgot that in the American Midwest farmers use the River network to ship cargo
I wouldn't brag about leading China in creating financial schemes and purely speculative financial products on top of insane over valuations at almost every turn which make a large percentage of America's GDP in place of good economy policies.
Good point. Many Asians lost their savings when lehman collapsed. That is why China was so reluctant to open its financial market up. There should be laws against the speculative products as they caused the gfc.
I assume that in the opinions of the Americans that it is a bad thing that China goes to the developing countries to build infrastructures and help lift the people out of poverty?
China: developing all branches, hard-working, gaining profits. West World (USA): discuss socialism, BLM, feminism, LBGT, Rasism, and other poopoo.
and I've just forgotten: USA: printing fake money. FED does BRRrrr....
Yes, AI controlled drones for military use can probably already today replace much of soldiers and pilots. And China being similar today as thousands years ago, yes China has thousands of years of political, trade and business experience. So China's rise today is basically just a continuation of that.
I used to consider David Goldman as a repected China affairs expert and scholar. But his comments on China covid19 handling are very baseless and irresponsible.
also on a taxi driver in Shanghai will say 'kill them all' referring to the Uyghurs is absolutely horirfying and irresponsible....he is the biggest racist of them all!
Now l believe David has only a superficial knowledge of China. But pretending to be an expert on China. He is just another fake China expert, still better than Gordon Chang though. He has a relatively deep understanding of American problems. For example, he thinks the United States should pay attention to education and R&D, train more science and engineering college students. This is exactly what US need and l could not agree more.
@@edwods It made me laugh when you brought Gordon Chang out. Under the current US political environment, it would be near impossible to find a scholar having unbiased interpretation of China.
As the legend in the street has it: Some Uncle Sam was long unable to get his girl friend pregnant, so he went around town bitching about it to just anyone unfortunate to come across, blaming it on the milkman and the postman for not helping out in getting his girl friend pregnant. 🤣🤣🤣🤣🤣
I wonder what Mr Goldman makes of Bitcoin?
He doesn't think much of it at all. Have never seen him write anything about it.
Good for the chinese
It's free for
Saying Chinese cannot invent is just another inclusion of USA
Strategy? Americans always say government planning does not work. No need to worry about China.
lol this man. Lot of info but not much insight. Go watch Yukon Huang for better analysis.
He pretend he knows and understand China.
David P.Goldman saying the west cannot beat or lost to China on academic therefore suggest that the west should focus more on creativity... Sorry to say you have missed the boat on that one as well because the remaining 50% of none Scholar becomes world creator and entrepreneurs, such Alibaba, Wechat, Tencent, Tiktok.and many many more. By the way China is already working on 6G and have sent 6G satilites to space to conduct experiement.
China is by definition communist or socialist country, therefore not a winner take it all place as in the US. Shenzhen tells the fact that manufacturing cheap gizmos. Is a thing of the past.
Nah, America is still the No. 1 and will be for a long time.
quite arrogant and condescending of you to think that chinese are not innovative and creative. there are a ton of technologies and inventions coming out of china.
Nope. They stole them all
@@sheercold26 paper? Others stole that one.
Sir.Are you sure the Chinese don't like their government .I don't think so
I am Chinese. the truth is that Chinese people support for Chinese government at the bottom of heart
@@awwticktick6941 wrong
If I had wanted Chinese propaganda, I’d have tuned in to the Global Times.
Yes, he knows China a little.😂😂
Loolololpoloo lolo
Too much incorrect information
A Jew trying to analyze his father ! ...LoL
I'm not a bealiverr in some grand Jewish conspiracy.that said our ruling class are most certainly Marxist.&I see no reason to be supporting there rule.most certainly after c19.&the 20+years prior.
There are alot of Chinese bots and shills in the comments