The good thing is that they can make decisions like this.
The bad thing is that they can make decisions like this.
It's good for other nations who can benefit from their trailblazing, but bad for the nation itself because they're basically fucked in the future when the bill comes due.
Centralization is long-term the worst kind of governance, inevitably becoming as self-serving as kingdoms and monopolies. The bigger it is, the worse it gets and the sooner it gets there.
Decentralized decision making is ultimately conservative, risk adverse: it is never great -- a lot of people will be wrong, so things will never go as good as they might. But it is seldom terrible: even when context shifts and the underlying conditions everyone was betting on change, the wide diversity of bets means that at least some people won't have been completely wrong, maybe for stupid reasons, but it can prevent a complete catastrophe.
(The difficulty, of course, lies in socializing the losses and gains, so that you can benefit from decentralized decision making without it ultimately reverting to a de facto central committee through successive rounds of winnowing those who guess wrong, until the small number of people who had so far guessed right can begin guessing wrong at scale.)
From the point of view of Western individualism, yes. However, a strong autocracy relies on building a strong collective identity through education and the cultural institutions. That identity isolates the individual from his personal beliefs and justifies his suffering, for the purpose of collectively achieving "macro" goals.
A major mistake is to judge non-Western socio-economic systems through the lens of the Western intellectual tradition.
This makes a society weaker - it's effectively a monoculture that restricts the data available to the decision makers.
It also reduces a societies ability to innovate in art, culture and eventually technology and science - innovation requires the ability to take an outside view, to be self-critical, and a society that is too busy forging a 'strong collective identity' will make it harder for individuals to do that.
It even poisons a societies own understanding of itself and its history, since we have so far failed to come up with good ways of building a 'strong collective identity' without accepting and promoting lies about history.
I think there's some truth to this. But rampant individualism also makes society weaker. It reduces a societies ability to collaborate.
Let's not mistake diversity for individualism. We can be diverse, yet share overarching ideals - such as living together peacefully and in solidarity.
We can, but increasingly I see people arguing that we should forgoe those and determine our actions in society based on our own individual interest and market mechanisms.
Not hard to see why a raise in either of the above would result in the other side getting even more extreme in reaction.
You can have societies that are very community minded and govern them in a free way and with a democracy. You can try to govern very individualistic societies with an autocracy.
There's probably an optimum level of accepted dissent in a society, depending on what it wants to achieve, and I tend to think that social democracies come the closest to achieving it, and certainly much closer than most autocracies.
Japan and South Korea are western only in a superficial sense, in that they have copied the basic institutional structure of the industrialised West. However, the main forces acting on that structure are rather different, and the main actor is certainly not the "egoistic, cold, self-interested, autonomous individual".
I'm not clear what you're saying here. Are you saying that it would be a good thing if society in western countries were more like what it was 400 years ago? Enormous improvements in science, technology, culture and civil society grew out of that 400 year history, and regressing or remaining static over that 400 years would be a disaster.
The only way to have a stable society that spans across centuries is to have a society that can change and incorporate new ideas, technology, people and ways of doing things. It's societies that aren't flexible and strong enough to cope with change that are unable to remain stable over long periods of time.
Going from their nadir in WWII to what they are now in 70 years seems awfully adaptable to me.
By 1700, and certainly by 1800, Europe's interest in science, which then led to developments in advances in technology. This technology is what allowed the "white men on awesome ships with awesome guns" to have their way.
Perhaps if China was so top-down they could have also developed themselves more.
Toby Huff examines this disparity in his books Intellectual Curiosity and the Scientific Revolution. A Global Perspective and The Rise of Early Modern Science: Islam, China and the West. The telescope was embraced in the West, but hardly used (except with a few isolate individuals) in the other major cultures in the 1600s.
The time period you describe includes multiple massive european wars between nation states who were incentivized to improve industrialization, logistics and yes technology.
China's periodic bloody uprisings don't create the same incentive, they basically didn't have foreign policy until it came knocking.
And their collective identity (or huge population) didn't help them fighting wars either, they miserably lost almost every conflict they got in, even ones with themselves.
Your definition of "large disturbance" is pretty narrow. You missed things like the renaissance, the reformation (and subsequent proliferation of non-catholic faiths), the hundred year war, the thirty year war, two world wars, ...
A stable society that spans centuries can stagnate. See Imperial China and Japan before Admiral Perry showed up.
In 1600, the Chinese (and Moghul India) were probably more advanced than Europe in many respects, but there seemed to be little to no desire for further development. The telescope, which kicked off a revolution in the West, was basically ignored. When the Jesuits showed up in 1595, the China still thought that the Earth was flat:
* https://en.wikipedia.org/wiki/Flat_Earth#Ming_Dynasty_in_Chi...
As science developed so did technology, and the European powers were able to basic steam roll over everyone else a century later.
With Piri Reis map from 100 years before: https://images-na.ssl-images-amazon.com/images/I/91XW2CEmU4L...
(which is a part of an atlas, picturing many areas of the world with literally amazing detail and precision)
Granted, Piri Reis did an amazing job, even raising a few conspiracy theories on how he did it, but here is the fairly average European map of the world from 1609:
Would you call Singapore a "weak society" with little ability to innovate? It's essentially what GP was describing.
Singapore is the best example of a monoculture in a diverse environment. Systematic rejection of one community and elevation of the other in government, education, military, etc. Not to mention how difficult it is to get citizenship if you're not Chinese in some form.
Also where are Singapore's innovations? Apart from building a fancy city, they have done nothing. Many Singaporeans comfortable enough and well off that I know often rush to settle down in Australia or USA or the UK, especially in tech. Why is that?
Singapore is a really good magnet for entrepreneurs from other places, but nothing much otherwise. A very artificial place with zero arts and culture - heck, they destroyed their primary language (Cantonese) in schools so as to be cozy with China for business.
I'm not sure I agree that the GPs description is a good description of Singapore, but to the extent that it is, I believe Singaporean society is weaker for it.
Bingo ! A monoculture is really weak because people that act the same and think the same. It's the reason even though Asia has over 2/3s of world population they are not responsible for 2/3s of all innovation in the world.
They destroyed the Asian government, drugged the Asian population, and forced financial restitutions on the Asians to pay for their their own enslavement.
But yet, here we are. Hundreds of years later, and the Asian countries are finally shaking off their colonial enslavement from the white man. And here you are, claiming that they add nothing to the world’s innovations.
It’s just a thought. And maybe something you should consider first before judging others.
Eastern collectivism doesn't need a rod of iron to enforce it.
As you said, autocracies are efficient for hard problems, and we're going to face the hardest very soon
1 foot ocean rise per century.
Threat?
Unimitigated, the forecasts are around 3-7 feet sea level rise this century.
Both of these massively increase the probability of non linear disasters including the release of methane from permafrost and ocean floors, or the disruption of the Gulf stream which would disrupt global agriculture even worse than a 5 degree temperature rise.
Among the many problems, you can expect heat to be so hot that 1 billion people will be living in a place where it's not physically possible to live (humidity doesn't allow the body to cool down): https://eu.usatoday.com/story/news/world/2020/05/04/world-he.... It won't exactly be all roses to the other billions too
It's absolutely a bigger threat than the terrorism that everybody was so eager to throw away their freedom for 19 years ago.
Got better, actually.
After that point (which might be in lets say 10-20 years) there can still be a veeery long downward slope (the soviet union lasted for 69 years).
I would be very interested in what other people think about this (and these timelines)
This argument never sounded very true and intellectually honest to me. I mean, I want to believe in it, but when I scrutinize it precisely, I wonder - how can you measure the ability to innovate of someone who doesn't want (or need) to innovate?
At present time, China's competitive advantage is cheap specialized labour, and they're taking full advantage of that - as they should. That's the whole point of being behind in technology and racing to catc up! It might very well be that when they switch their focus, from copying to innovating, they'd be very good at that as well (or very bad! we literally have very little data to tell)
China's goal under Xi is a return to the golden age of the Kingdom of Heaven, where all Chinese people exemplify the ideals and morals of the most civilized society on Earth. That goal is only tangentially related to the technical innovations they're making, and will eventually stifle them as the definition of "good citizen" and "proper pursuits" becomes more hardened and inward-looking (much like it did during the Middle Kingdom).
The autocratic environment might not be most amenable to free thinking and innovation, but then I'm not convinced that being free from autocracy is truly necessary for innovation to occur. Plenty of innovation occurred when Europe was ruled by Kings, or in 1900 Russia. Even within autocratic corporations, plenty of innovation occur.
Anyways, I don't wish for autocratic governments, but I'm not willing to dismiss China's ability to be innovative based on that.
They're good business, they offer more power to China, why would they change that?
And considering they're history, they've probably learned the lesson about the weakness of ignoring global technology.
And sure, they do have the "great firewall", but it's smart enough to let the science\technology in while filtering the politics out.
That's not true, and given the current trend (everyone gonna use TLS) it is impossible for the "great firewall" to be smarter. For example, HN is blocked in China.
In the industrial sectors that I watch (test equipment, industrial machinery), China has been climbing the ladder at a startling rate, from "outsourced labor" to "copycat" to "bottom tier" to "mid tier" in the last decade. They're now gunning for high tier equipment, and they show every indication of getting there in the next few years.
If innovation is measured by consumer adoption of new technology, TikTok is the first major AI-first consumer application. In other markets too, China has made major innovations in the consumer space that have not caught up in the West yet - ecommerce, fintech, consumer goods and more. None of these are top-down CCP mandated innovations.
It will basically flip the "system" we have now.
You think that democracies are long-term efficient?
Democracies don’t have corruption?
Democracies don’t become self-serving?
I mean, I prefer to live in a democracy because of individual freedoms but it’s not terribly well-organized.
They sure do, but the distributed leadership means there's hopefully someone pushing against corruption, even if it's inconvenient for other goals of the government. Even if they don't succeed, at least they keep shining some light on it. (I'm looking at your Aussie government blocking the anti-corruption group)
> Democracies don’t become self-serving?
Same. There's always going to be some inefficiency, but the closer we are to actual democracy and the less biased it is, the better it seems at ejecting the self-serving members of the government.
What system has lifted the most people out of poverty? It ain't American.
The cogs in our governance (everyone else) are pretty rusty, though.
Efficient in achieving a particular goal, sure, but the wisdom of crowds (and the market) is a thing, too. When the autocracy decides X will be the next big thing, and it isn't, all that efficiency from the previous correct bets gets wiped away by the inefficiency of one wrong dictate from the top.
Modern China, so far, has only really experienced a fairly homogeneous historical phase, which is one primarily driven by economic growth. They haven't been forced to deal with major societal issues, in my opinion it's simply too early to judge just how robust that government and state is going to be in the long-run.
Anyway, the argument against the effectiveness of autocracy is essentially the same as the argument of planned production vs markets for price discovery.
The more you concentrate decision making on complex topics, the less the body making the decision has access to all the nuance and detail that are needed to make the correct decision. This usually gets even worse when the people bringing the (potentially upsetting) detail and nuance need also to maintain good relationships with the autocrat or face serious consequences.
You saw this relationship between Trump and Fauci recently - if you're trying to say something that the person in charge doesn't like, then you are sidelined to the detriment of society. That's classic autocratic behaviour. But in this case the consequences for Fauci were constrained by the fact that it was happening in a mainly free society, and the society was able to correct itself after 4 years without having to murder a huge proportion of its population. The ability to do that is a massive benefit for a free society.
There have been horrible famines killing many millions of people because the (smart, well-educated) person in charge thought they knew what was best. That is not efficient.
Needing to build consensus is something that generally has to happen in a free society can slow you down, but it also exposes you to other views, and allows your mistakes and prejudices to be challenged. This allows you to make better, more effective decisions.
But I also don't think you can make sweeping generalizations about these things - they are statistical phenomenons, governed by a myriad of interactions. You'll find some things work better in a system that statistically would predict a worse outcome.
Unless you close your eyes for ideological reasons and pretend they don't exist. :)
China is an extreme outlier in that respect. What they've done the last 40 years is unparallelled and very hard to explain.
It's not communism. It's also not democracy.
They picked dictatorial government and matched it with unbridled capitalism which distills to two rules IMHO:
1. Make as much money as you want. 2. NEVER speak bad about the government/system.
It's working so far.
Their next big challenge is in the making now; de-population due to the one child policy of the past.
They will require massive immigration which will be de-stabilizing. Interesting times indeed ...
I've wondered about this. Is there a way that democracy could compete, possibly by reflecting "the will of the people" quickly and accurately?
Or would that always fundamentally be a popularity contest?
Or will democracy require something akin to "martial law" to quickly decide and act on urgent matters?
After the pandemic hit the West - Europe started locking down mid-March, Trump banned EU flights on 12th - Germany (a democracy of 80 million people) passed a financial aid package on 23rd of March; US (a democracy of 300 million people) followed on the 25th.
So it's quite clear that democracies can react quickly, provided there's broad consensus of what the problem is and how to solve it; of course, things slow down when there's no consensus and conflicting views, but arguably that's a feature, not a bug.
It's also difficult to compare because autocracies are less likely to release data that makes them look bad (they're too busy building a 'strong collective identity').
But obviously different people have different preferences. I'm also young, fit, healthy programmer, so all-in-all very lucky.
But at least in the economic sphere, it seems that democracy doesn't have that much power, capitalism seems to call most of the shots.
At least with autocracy, there's more unity, so there's somewhat bigger chance to restrain capitalism.
As much as I like China stimulating electric cars, there are a lot of issues they're handling poorly or are being downright evil about (Uyghurs, for example).
It's interesting to compare/contrast the incentives created in each system but in light of the last 20 years of decision making, it's hard to claim America aced it.
Now mind you, autocracy doesn’t necessarily mean despotic dictatorship. Self serving unbounded capitalism can be one as well.
Putin's autocracy deterioration has happened even during his lifetime.
This is why centralized socialist states and autocracies don't produce world champion companies in the long run.
Lets not pretend the last 70 years have been all sunshine and roses with democracy being spread by force around the world.
But being evil towards voters rarely makes sense in a democracy.
You have incentives to want people to be personally weak and historically ignorant, but still able to shuffle papers and make new widgets to make gdp line go up.
It's in your best interests for the country to despise you, and the other half to despise your counterpart- so that both halves despise each other and can't coordinate toward their common interests.
You want the subgroups motivated to vote for your side by problems they face to keep voting for your side next time around, so you're incentivized to make a big show of trying to fix their problems, but not actually fix them and blame the failure on the other side.
And when the day is done, you and the opposition leader can have a drink in your mansion.
This is all evil in a molochian sense, and it all makes sense.
Good luck trying to drive through a remote rural area in winter with an electric vehicle.
You will realize pretty soon why battery-powered vehicles are not the universal solution that some people claim they are.
> Sales of BEVs almost tripled in the UK, while those of PHEVs almost doubled, giving the vehicles a combined market share of 10.7%. Other non-plug-in hybrids took 18% of the market, but overall car sales were down 29%.
Here is another interesting chart about Germany
https://insideevs.com/news/447542/tesla-sales-growth-germany...
It's not solely China.
It’s also important to keep in mind that the numbers for electric vehicles often include plug-in hybrids. They’re a neat idea in theory, but in practice, they often serve as a hybrid car and never get plugged in. The gains from those vehicles are somewhat limited, except that they are included in the subsidies for electric cars in Germany.
Edit: Adding some numbers from https://www.zeit.de/mobilitaet/2020-09/plug-in-hybrid-studie... (sorry, german)
43% of the private owners use the charging option, 18% of the company owned cars. However, due to tax incentives, 63% of all cars registered per year are company owned cars.
The incentives are that you get a substantial tax break if you register a plug-in (or electric) car - leading to the odd result that 40% of all Porsche Panameras registered are plug-in hybrid cars.
Some environment group argue that lower range PHEV is evil because it's just for cheat but I against. PHEV should cover daily use range (YMMV 30-60km?) but shouldn't need much because they have engine for fallback. Equipping mostly unneeded batteries is definitely bad for environment.
All demand is driven by the fiscal and regulatory framework, that's part of what defines the market
That's like saying that petrol cars aren't "market driven demand" because there is a regulatory framework in place that lets you spew out CO2 and particles without paying fines
If anything growth in China has slowed down because of that.
Europe is actually the place that has put the most pressure on companies, because their new regulation required a fleet efficiency that.
China does legitimately want to not have cities be a hellhole to live in and supporting EV made sense. Also because China hopes to be able to export EV, getting into the ICE car game would have been harder.
It's very hard to compete with traditional car industry - the brands are very well established. However traditional brands moves rather slow on EV because all kinds of their own issues. EV is the perfect opportunity for Chinese to jump in the market and take the first mover advantage.
When there's any big change in any industry, the market would be shuffled, and there's always opportunity for China to take. It's as simple as that for the current world.
I believe the same thing could also be said on semi-conductors industry soon. There were very few attempts earlier and ended up pretty ugly, because it was just not economic feasible to compete with Intel or Qualcomm a decade ago - if it's only 60% effective with the higher cost and same price nobody would buy it. But recently Apple released M1 and make everyone in industry start to reconsider alternative architectures - which may eventually led China to be an important player in the next decade.
Seems highly unlikely. Today's TSMC is even harder to compete with than yesterday's Intel/Qualcomm or even long ago's IBM.
Toyota is in a good position with their fleet emissions because they've been selling hybrids for so long. They're not under as much pressure to start selling BEVs in high volumes.
The answer is: there are enough customers interested in buying an electric cars but both the available product range and production count limited their ability to do so. With the offerings of electric cars improving, the consumers are happily buying into them.
(Edit) Battery Electric Vehicle
Nobody is forcing anyone to sell BEVs, what is forced is efficiency. Full BEV is only one way to achieve that goal. Look at Hyundai Ioniq hybrid - a perfectly capable midsize family car, affordable, introduced to the market in 2017. It will meet emission standards all the way until 2029.
Volkswagen must sell BEVs to meet its fleet emissions standards. Unfortunately for them, they missed their 2020 target so they will be paying a fine:
https://www.reuters.com/article/us-volkswagen-emissions-idUS...
Volkswagen doesn't want to waste money on fines so they've made a big commitment to EVs. They've become the biggest BEV maker in Europe and in time they'll be the biggest BEV maker world wide, which isn't that surprising. Volkswagen owns 12 automotive brands and they're the world's biggest car company.
https://electrek.co/2020/12/07/toyota-electric-suv-battery-e...
However, what I do see in Germany, are more and more electric cars in car sharing, rentals and company fleets. Upper middle class is going pretty electric as well to appear cool/caring about climate. Several Teslas in front of my building now since the new upper middle class apartments went up across the street. Several Audi e-Trons in the area as well. What's curiously missing is the ID.3 somehow - I expected to see many more at this point.
Volkswagen and many other well-known manufacturers are pushing out really decent electric models. I see a ton of Renault Zoes cruising around, electric Smarts as well. They simply fit well into the European market which is dominated by dense cities and short commutes (<100km).
However, in 5-10 years we should start to see a mature market for good quality used EVs, making them much more accessible. At that point, better reliability, better driving experience, much lower operating costs, etc will make EVs the obvious choice for many, if not most, buyers.
The average price paid for new US cars was $40K [0]. There are now plenty of models below that without subsidy, including Chevy Bolt, Nissan Leaf, VW ID4, Kia Niro, Hyundai Kona and even the low end of the Tesla 3. That's just the upfront price, of course TCO is lower than a same price ICE car because fuel and maintenance are lower.
[0] https://www.carscoops.com/2021/01/average-new-car-prices-in-...
> Renault Zoes
In Berlin, Renault Zoes were (maybe still are?) _free_[0] to get for small businesses. I know multiple freelancers who took advantage of that deal. Yes, that might not be the "average person", but it's probably not insignificant either.
[0]: https://efahrer.chip.de/news/elektroauto-gratis-leasen-so-ko...
Fossil fuel industry is the industry that have made it possible for us to live longer, and feed as many people as we want while at the same time making the environments much cleaner over time.
I believe Amazonia air quality is much better than air quality in Milan (where I lived for 10 years).
https://www.iqair.com/italy/lombardy/milano
> Fossil fuel industry is the industry that have made it possible for us to live longer
I'm not at war with fossil fuel industry, I was simply answering to this question
> what deductions are we giving for the positive externalities?
My dad worked in pulmonary oncology for 35 years, I think that better air quality, less lung disease and better overall environment is a reward itself, that's the prize we get for positive externalities (and in case of EVs the State incentives, in Italy they are up to 10k euros if you buy a new EV car and get rid of an old ICE one).
There have been State incentives for at least two decades to buy new cars that produced less emissions on fossil fuels.
Fossil fuel industry benefitted of enormous deductions for over a century for their contribution to the industrial revolutions.
For example they never pay for the disasters they create [0][1].
[0] The oil spill of the Exxon Valdez in 1989 only costed $ 125 million to Exxon https://www.justice.gov/opa/pr/united-states-and-state-alask...
[1] even when they paid a just fine (like the 60 billion BP paid for the spill in the Gulf of Mexico) it's peanuts compared to the environmental damages that the future generations will inherit (the mangroves still carry the damages from the Ixtoc spill of 1979, 40 years later)
Ixtoc soiled hundreds of miles of beaches, all the way to Texas. The fishermen also said that oysters that used to be found clinging to the mangrove roots seemed to have vanished after the spill and never returned.
Automakers must sell increasing numbers of full electric and/or hybrid vehicles in order to meet their emissions targets, otherwise they face potentially huge fines.
Serious question & not meant to be snarky: does any of this really matter when thinking about the future of electric vehicles?
Europe had better watch out.
The US can defend their market with tariffs so everyone there drives a truck. But the longer they do that then the more out of touch they will become. It is going to be fun to see how this works out.
Tesla make great products but they are not a great market fit for Europe. There's so much scope for innovation but even now the Europe BEV efforts are ICE cars with the engine swapped out, therefore not cool.
You should check out what VW has been doing lately - the ID.3 is an EV-only platform and is selling quite well in Europe - much more impressive than their past efforts.
They do things like this:
https://www.washingtonpost.com/science/2018/09/04/china-blam...
If they have a goal or idea they can paint with a really large brush and hit a few birds with a really big stone. It's both a strength and ofc a weakness.
Over here where actual market matters more we will often act much slower, which is a strength and a weakness. =)
Didn't they have rolling blackouts in China earlier this month, due to a trade-spat with Australia + their reliance on their (our) coal?
Edit: Nevermind - I see that’s the company name, not a ticker.
This is no way market driven demand, BYD is a very interesting company to look into. It is my understanding that Warren buffet has a large share in this company.
My believe is China sees oil dependence as a long term strategic weakness. In the event of a navel blockade it will be much harder for them to get the oil they need to run the economy. If a large part of the consumer sector is driven by electric powered by local sources (coal, hydro, nuclear) they can keep the logistic channels open. As a side benefit they get to fund a sector hoping to have the same success as they did with solar panels.
The article might have pointed this out but it was paid past a certain point on my device.