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Cake day: June 14th, 2023

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  • The issue is that right now I’m willing to put in the extra effort for the return early in my career. If the government were to effectively cap income potential, some workers who would otherwise be more productive (or who perform a highly specialized service) will not bother, creating a labor shortage and increasing costs. Not a smart move if you’re a country with an inflation problem that’s been trending very close to full employment.

    It would also make occupations like medicine that have long runways to earning even less attractive.


















  • In the coming decade, China will dominate technology because it has focused intensively on the important partnership between the public and private sectors with stunning results.

    It’s the “partnership between the public and private sectors” in particular that lost consumer and foreign government trust in technology originating from China.

    How is China going to “dominate” anything when it’s spent the last 20+ years shamelessly ripping off R&D through reverse-engineering and corporate espionage? What can it even claim of its own as true innovation?