News for hackers. Stuff that matters.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dluan on Tuesday March 11, 2025 @06:40PM (#43337881)
American tech workers need to start paying attention to Chinese national policy, the National People's Congress is happening right now and it's how China sets long term goals and targets.

"Made in China 2025" was a massive national strategic plan that was 10 years in the making, and was designed in 2015. It laid out all of the key sectors for "value added manufacturing", and by most accounts, they've been delivering and meeting their targets despite all the number fudging you want to point out. None of this is particularly secret or pernicious like western media tries to portray. Just follow the news. The next 5-year plan is being set now.

https://en.wikipedia.org/wiki/Made_in_China_2025

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by thenobsta on Tuesday March 11, 2025 @06:50PM (#43337963)
Are there particularly good news sources to follow? I'm not sure what to follow to get either the source material or good commentary.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dluan on Tuesday March 11, 2025 @07:28PM (#43338238)
Right now, I try to consume content directly from the dragon's mouth with official news and reports, but it requires a bit of experience knowing how to read between the lines and having a strong bullshit parser.

Similarly, most English language analysis from mainstream media is comically bad - CNN and American news outlets sent reporters to Beijing this week and bombarded attendees and delegates walking into the congressional hall with questions about Trump and tariffs, in English. Who does that??

Admittedly, I do like the stuff that comes out of Stanford's Digichina group, https://digichina.stanford.edu/work/?page=1&sort_order=desc&..., they seem dedicated to doing an actual analysis and not just spewing brainless propaganda (HBR, looking at you). But yeah, it's hard out here to find any real meaningful information, so I've been debating starting up a substack myself, but with an additional academic research focus.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by jorvi on Tuesday March 11, 2025 @07:41PM (#43338350)
TP Huang has a pretty good substack[0].

Its a nice insider look. And its not fake stuff, its just looked at through the most red-yellow colored glasses there are.

[0] https://tphuang.substack.com/

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dluan on Tuesday March 11, 2025 @08:37PM (#43338743)
There’s a ton of people I follow on twitter too, @beijingdai, @wmhuo168, @rnaudbertrand. All have great rants.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by toomuchtodo on Wednesday March 12, 2025 @11:01AM (#43344000)
Have a feed I can add to mine?
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by Hikikomori on Tuesday March 11, 2025 @07:22PM (#43338188)
At this point all China needs to do is the gaben strategy, doing nothing while America keeps shooting itself in the foot. Trump seems to have unlimited bullet supply.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by regularization on Tuesday March 11, 2025 @07:44PM (#43338369)
This occurred to me. April 2001, US Navy plane crashes into Chinese J8 jet, kills pilot, lands on Hainan Island without authorization. Maybe Bush was looking for a way to boost war profiteer budget. Got the chance when 5 Saudi Arabians who didn't want US bases in their country flew into the Pentagon. US gets embroiled in Iraq and Afghanistan.

Starts up again, US going to the other side of the Pacific and being aggressive. 2014 Victoria Nuland's Euromaidan happens, and problems in the Ukraine in 2014. Then more problems in 2022.

Calms down again, then the US starts arming Israel's Gaza genocide in 2023 more heavily. US soldiers killed off the coast of Yemen, which is doing a humanitarian intervention to help the Gazans.

The US world imperial stretching keeps having eruptions in tge colonized client states. Meanwhile the Standing Committe of the Politburo of the Communist Party of China keeps growing their country more and more.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by Hikikomori on Tuesday March 11, 2025 @07:56PM (#43338480)
The US has certainly wasted much of their wealth since the end of ww2 trying to keep their imperialism 2.0 going.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by pfdietz on Tuesday March 11, 2025 @09:37PM (#43339113)
Isn't this what Trump is trying to rectify now?
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by xethos on Wednesday March 12, 2025 @03:16AM (#43340636)
Trump is discussing annexation of my country. Maybe you're thinking of Imperialism 1.0?
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by pfdietz on Wednesday March 12, 2025 @07:13AM (#43342002)
I was thinking of talk of pulling out of NATO.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by Hikikomori on Wednesday March 12, 2025 @09:06AM (#43342807)
What I talked about was not NATO actions though.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by linkregister on Tuesday March 11, 2025 @09:01PM (#43338897)
> This occurred to me. April 2001, US Navy plane crashes into Chinese J8 jet, kills pilot, lands on Hainan Island without authorization

An interesting interpretation of events. Let's continue.

"Then the air crew donates their airframe & technology to the Chinese Communist Party. And when they return they come up with a lie that they had been buzzed several times by the J8 pilot until the crash. Also they faked distress calls recording it. All to prove that the United States is a paper tiger intent on disrupting the Chinese people's rightful claim to all East Asian territory."

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dluan on Wednesday March 12, 2025 @08:31AM (#43342520)
Maybe you don't remember that only 2 years earlier the US CIA "mistakenly" bombed the Chinese embassy in Belgrade, killing three Chinese government workers and nearly sparking war, with Bill Clinton personally calling to apologize.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by linkregister on Wednesday March 12, 2025 @11:42PM (#43350195)
It really is interesting to see this point of view. Are apologies admissions of guilt in your family/hometown? Do you think it was in the United States' interest to destroy the embassy of a non-belligerent in that war?
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by UltraSane on Tuesday March 11, 2025 @09:30PM (#43339069)
I really do wonder how people develop a worldview as warped as yours.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by HFguy on Tuesday March 11, 2025 @09:53PM (#43339200)
The account was created 3 months ago. Might be actual person. But also might be troll or bot.

I do know real people that hold views like this, but they also apply similar lens to other large countries with global footprint. So at least a consistent approach.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by Sabinus on Wednesday March 12, 2025 @03:05AM (#43340589)
I agree. With how much time we collectively spend online, money spent on online propaganda would be extremely high value for money for belligerent governments.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by jcranmer on Tuesday March 11, 2025 @09:40PM (#43339126)
> Yemen, which is doing a humanitarian intervention to help the Gazans.

Firing rockets indiscriminately at ships is not even in the same planet as humanitarian intervention.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by eli_gottlieb on Wednesday March 12, 2025 @09:31AM (#43343063)
Also, the Houthis are a paramilitary party, not the Yemeni state.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by jimbob45 on Tuesday March 11, 2025 @08:24PM (#43338651)
How does Valve put out one of the worst releases of all time in Artifact and not get dragged through the coals ever for it? The only working strategy Valve has succeeded in running in the last 10 years is making passive income from Steam and that won't last forever.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by HFguy on Tuesday March 11, 2025 @09:54PM (#43339203)
Think this was posted in the wrong thread?
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by wcarss on Tuesday March 11, 2025 @10:17PM (#43339306)
> the gaben strategy

this was a reference to Gabe Newell and Valve

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by nicoburns on Tuesday March 11, 2025 @10:03PM (#43339237)
If the goal was "be better than the US" then sure. But presumably their strategy is aimed at actually improving their country as it is for it's own people to live in. Much of which has nothing to do with the US.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by AtlasBarfed on Tuesday March 11, 2025 @10:07PM (#43339255)
Why would you presume that? CCP has become far more autocratic, and the goals of autocracy:

1) maintain the autocracy

2) have a strong police to preserve the autocracy from rebellion

3) have a good enough economy to defend the autocracy from external threats

... ten more "for the autocracy" points ...

improving the country for the people

Also, Zeihan overselling or not, China is facing an unprecedented demographic decline. So to the parent comment about "not doing anything and winning", honestly the US can do the same and watch China implode demographically.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by decimalenough on Tuesday March 11, 2025 @10:30PM (#43339360)
CCP under Xi has reverted to form after some temporary loosening up, but it's still way less autocratic than it was during the Mao era.

Also, the CCP ultimately derives its legitimacy from materially improving the country for the Chinese people: back in the day fighting back against the Japanese and corrupt warlords, now economic progress. Both the Chinese people and the CCP know well what it means if they stop delivering and the "Mandate of Heaven" expires.

https://en.wikipedia.org/wiki/Mandate_of_Heaven

China's demographic decline will take decades and unless the CCP really fucks things up (eg. invading Taiwan and failing miserably at it), it's going to be a Japan/Korea-style slow-motion stagnation, not a dramatic implosion.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by AtlasBarfed on Wednesday March 12, 2025 @03:12AM (#43340617)
Mao killed 50-60 million people with starvation.

Yeah I hope he's better than that

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by immibis on Wednesday March 12, 2025 @06:24AM (#43341651)
Interesting tangent to bring up. How many people does America kill?
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by AtlasBarfed on Wednesday March 12, 2025 @12:48PM (#43345150)
Mao killed his own people. The only possible historical analogue is what USSR argued about missing people from the Great Depression.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by Hikikomori on Wednesday March 12, 2025 @03:10PM (#43346656)
US mostly kills people outside its borders.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by skyyler on Wednesday March 12, 2025 @05:04PM (#43347659)
The closest analogue would be the culling of the buffalo, an intentional effort to destroy the food supply of the natives.

Americans don't like to acknowledge this.

But even that's a little different. Application of new farming practices is not an intentional genocide. The culling of the buffalo was an intentional genocide.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by ActorNightly on Tuesday March 11, 2025 @10:35PM (#43339387)
I mean, US was the shining beacon of supposedly the best capitalistic policies are, but look at where it got us.

Meanwhile, China has been getting better and better, looking at US as an example, and correctly avoiding providing the "freedoms" given to us in US in avoiding the same fate.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by JumpCrisscross on Wednesday March 12, 2025 @02:26AM (#43340440)
I'm a strong China hawk. But Beijing currently has an opportunity to craft a global alliance that balances the U.S. in a way that America has historically excelled at. Put another way, the idiots who voted this man in have turned America into an Axis power.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by roenxi on Wednesday March 12, 2025 @03:04AM (#43340587)
That is normal; the world worked that way prior to 1990.

The real change is that the US economy isn't obviously superior to the next however many economies combined. Consequently the US is losing the ability to impose its opinions on others as fundamental truths. It looks like everyone in the West will have to re-learn negotiation and it'll probably be a rocky process.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by JumpCrisscross on Wednesday March 12, 2025 @01:13PM (#43345411)
> the world worked that way prior to 1990

Sort of. I’d move the needle to the 1970s, when Soviet power was on an obvious downside. Realpolitik would dictate, at that time, for Europe and Asia to balance America. But we were a good ally. So balancing wasn’t seen to be necessary.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by roenxi on Wednesday March 12, 2025 @05:20PM (#43347797)
> So balancing wasn’t seen to be necessary.

Wasn't seen as possible, an important distinction. The Australian experience so far is the US demands we ... basically commit war crimes every so often. Or whatever the term is for invading countries without justification. It is a lot like being good friends with a shark; it is important to keep them pointed at other things and the shark isn't ever going to go out of its way for you unless it is hungry and the friendship is ending.

The world was probably better for us when the US was unconstrained by reality; but the reality is the US have been behaving very irresponsibly for decades. Trump is on the upper end of the presidential scale in recent history, the world can't cope with another Bush or Biden. Obama might have been able to get better diplomatic results.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by downrightmike on Tuesday March 11, 2025 @10:59PM (#43339534)
Sadly, they really need to start consuming 100x what they are currently to even have a shot
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by t-3 on Wednesday March 12, 2025 @03:31AM (#43340695)
That would make American businesses very happy, but what would be so good for China? There's a reason they made the decision to artificially suppress domestic consumption in favor of building a strong manufacturing base and export-focused economy, and it seems to be working well for them.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by echelon on Wednesday March 12, 2025 @03:33AM (#43340709)
It looks like China is quickly becoming a domestic consumer economy.

Look at BYD sales and Ne Zha 2.

Their gaming industry and entertainment industries are starting to pull ahead of the US.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by consteval on Wednesday March 12, 2025 @02:29PM (#43346245)
Hyper-consumerism took off in the US because it’s a false economic indicator. It makes lines go up, but doesn’t materially improve anyone’s lives.

We’re seeing the effects of ~70 years of hyper-consumerist behavior. It worked for a while, but now the costs have accumulated. There’s shit everywhere, and everything either breaks or is poison. Or both.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by DrFalkyn on Wednesday March 12, 2025 @10:37AM (#43343742)
Chinas demographics are a ticking time bomb

They’ve also massively overinvested in sectors like real estate

But maybe if Drumpf screws up the US enough, they will be able to weather these problems

Or perhaps AI will get so good it won’t matter

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by toomuchtodo on Wednesday March 12, 2025 @11:02AM (#43344009)
China is automating [1], they know the demographics dividend is ending. More industrial robots are built and sold in China than anywhere else in the world. They are going high tech [2], and will outcompete the US in high tech (based on all available info). They have the will, the US does not (too busy chasing short term gains and ideological wins), based on all available evidence [3].

[1] https://itif.org/publications/2024/03/11/how-innovative-is-c...

[2] https://www.aspi.org.au/report/critical-technology-tracker

> Our research reveals that China has built the foundations to position itself as the world’s leading science and technology superpower, by establishing a sometimes stunning lead in high-impact research across the majority of critical and emerging technology domains.

> China’s global lead extends to 37 out of 44 technologies that ASPI is now tracking, covering a range of crucial technology fields spanning defence, space, robotics, energy, the environment, biotechnology, artificial intelligence (AI), advanced materials and key quantum technology areas. The Critical Technology Tracker shows that, for some technologies, all of the world’s top 10 leading research institutions are based in China and are collectively generating nine times more high-impact research papers than the second-ranked country (most often the US). Notably, the Chinese Academy of Sciences ranks highly (and often first or second) across many of the 44 technologies included in the Critical Technology Tracker. We also see China’s efforts being bolstered through talent and knowledge import: one-fifth of its high-impact papers are being authored by researchers with postgraduate training in a Five-Eyes country. China’s lead is the product of deliberate design and long-term policy planning, as repeatedly outlined by Xi Jinping and his predecessors.

[3] https://news.ycombinator.com/item?id=43338771

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by ChromaticPanic on Wednesday March 12, 2025 @01:40PM (#43345728)
In contrast to North America which has under invested in real estate, having all that extra real estate sounds like a dream.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by intosh on Wednesday March 19, 2025 @12:55PM (#43414471)
LOL If you believe western MSM, China has been collapsing (or on the verge of) for the last two decades. There is always some "time bomb" somewhere waiting to explode in China. Every issue in China (which country doesn't have issues?) is amplified 100 folds in western MSM. That has been going on for at least two decades. It has become a comical satire but some people still believe it. I guess it's kinda consoling to tell oneself that someone else's situation is bad when our own is going down the gutters.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by Animats on Tuesday March 11, 2025 @08:41PM (#43338771)
Yes. China's five year plans are translated into English and are quite readable. Here's the 14th Five Year Plan, 2021-2025.[1] Wikipedia has a summary.[2]

This is China's business plan. The top level is expanded into more detailed plans at lower levels. For example, here's the plan for Fujian province.[3] Further down, here's the transition plan for IPv6.[4]

You can go back and read previous five-year plans. The success rate for the individual goals is reasonably high.

[1] https://cset.georgetown.edu/wp-content/uploads/t0237_5th_Ple...

[2] https://en.wikipedia.org/wiki/Fourteenth_five-year_plan

[3] https://ccci.berkeley.edu/sites/default/files/Policy%20Brief...

[4] https://www.cac.gov.cn/2021-07/23/c_1628629122784001.htm

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by chii on Tuesday March 11, 2025 @10:59PM (#43339535)
What makes these plans go so successfully, when the soviets have historically not been able to make such plans successful (despite being richer and more powerful at the time)?

This video about Argentina's economic failures mentions why free market capitalism failed in argentina, and why a "similar" opening up in china didnt fail (but not so much detail that another country could follow it and replicate the success). https://www.youtube.com/watch?v=E7MzfNTSk4A

Basically, is such 5 year plans a recipe for success, or just a facade (aka, china would've had success regardless of what those 5 yr plans are)?

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by mayama on Tuesday March 11, 2025 @11:28PM (#43339697)
> What makes these plans go so successfully, when the soviets have historically not been able to make such plans successful (despite being richer and more powerful at the time)?

Soviets had more hardcore ideologues at helm most of the times until SU dissolution. They hardly allowed their ideology to be diluted without challenge, which made plans infeasible without real time feedback. China's Mao era was somewhat similar to that. After Mao, during fight between Gang of Four and Deng Xiaoping, realistic faction came on top with famous Deng saying "it doesn't matter if a cat is black or yellow, as long as it catches mice". Also China does experimentation at province and city level, with people succeeding promoting to national level, containing pitfalls of bad policy.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by kranke155 on Wednesday March 12, 2025 @03:44AM (#43340762)
So China introduced market competition at the political level and at the economic level.

And they did it while remaining authoritarian. Incredible.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dzonga on Wednesday March 12, 2025 @05:43AM (#43341352)
highly meritocratic system all the way from bottom to top. incredible indeed. in china you start as a low level official managing a village, if you succeed - you're promoted to town etc. they keep detailed records of your performance in school from kindergarten and a comprehensive dossier is compiled to evaluated by party officials. that means you will never have a nincompoop in charge at any level.

maybe chinese nationals / or ccp members can correct or add some things.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by chii on Wednesday March 12, 2025 @06:28AM (#43341675)
> they keep detailed records of your performance in school from kindergarten and a comprehensive dossier

this also means you want your record pristine. And it is also why officials cover up problems rather than report it up.

But their current success to out-maneuver the US in terms of trade, as well as capacity, is testament to perhaps the success of such a system. I do recall there was a massive purge on corruption over the past decade(s), which is probably helped a lot. This did not happen in soviet russia.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by jajko on Wednesday March 12, 2025 @07:20AM (#43342046)
Rooting out corruption in russia is simply not possible when biggest thief is at the top of the pyramid (absolute minimum stolen from russian nation is on the order of 100 billions $$ stashed all over the world, but its hard to count when its spread across many 'representatives').

He also actively promotes corruption of his underlings, but the important point is - within hard limits of their position. Get greedy and overstep that and either modern gulag or window for you. Good luck saying to the rest of population 'don't steal!'.

Xi is not flaunting his billion dollar mansions with golden toilets or megayachts while his kids grow up in Switzerland, is he.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by mayama on Wednesday March 12, 2025 @11:07AM (#43344065)
That massive corruption purge is mainly Xi purging rival factions like Shangai and Jiang. Sure, it also targeted corrupt officials, but main target is rival factions in consolidating Xi grip on power. There isn't lot of taboo about corruption if you align with the correct faction.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by riehwvfbk on Wednesday March 12, 2025 @11:34AM (#43344346)
And also stay aligned with the correct faction. This also provides golden handcuffs: should one's alignment change, past misdeeds will instantly be remembered.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by klipt on Wednesday March 12, 2025 @12:45PM (#43345107)
Meanwhile the USA now has an openly corrupt president (openly favors his pal Elon Musk's companies in his daily speeches, lets Musk shut down the same agencies that regulate Musk's companies, etc) who is shielded by his party from impeachment.

China is starting to look quite well run by comparison.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by InDubioProRubio on Wednesday March 12, 2025 @12:07PM (#43344695)
If you appear to succeed- all that is needed is a face of success and connections to others who appear to succeed.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by skyyler on Wednesday March 12, 2025 @04:38PM (#43347436)
How does this differ from the US or western Europe?
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by InDubioProRubio on Thursday March 13, 2025 @02:31AM (#43350826)
You can express that the emperor is naked in europe, without the emperor sending you to prison, thus guarantee a constant churn and renewal, that leaves behind the cherished product of science - something more truthish.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by kranke155 on Saturday March 15, 2025 @07:58PM (#43376000)
Competition allows for the ‘creative destruction’ of inefficient industries. See Tesla leapfrogging GM and the other companies. Apple and Microsoft jumping over IBM.

Stuff like that can’t happen if you have protected national giants.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by Yeul on Thursday March 13, 2025 @09:25AM (#43353090)
It is amusing that Mao's fatal flaw was adherence to a foreign economic theory.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by woooooo on Tuesday March 11, 2025 @11:34PM (#43339722)
The early industrialization 5 year plans actually worked better for the Soviets than the Chinese, and I think it comes down to execution? Stalin being the more numerate psychopath?

The last 30-40 years it's different, the Chinese have navigated market liberalization and transitioned from copying to leading in a number of areas, while still having a central planning aspect. It could be that some amount of central planning is preferable to pure ideological communism or capitalism.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by bobthepanda on Wednesday March 12, 2025 @02:26AM (#43340438)
China to a large extent is following the Japanese and South Korean playbooks, to the point where the Chinese financial system runs under the concept of window guidance invented by the Japanese: https://en.wikipedia.org/wiki/Window_guidance

The question is whether or not this blows up in China’s face when they stop accurately picking winners. We are already seeing the property bubble collapse in a manner similar to Japan’s.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by chii on Wednesday March 12, 2025 @02:50AM (#43340538)
> the question is whether or not this blows up in China’s face

Japan didn't "blow up" due to picking wrong. The US and allies negotiated the value of the yen up (the plaza accords) when the trade imbalance started to rack up against the US. This popped japan's bubble, which ultimately caused their lost decade.

China, on the other hand, would be unlikely to sign any sort of similar treaty with the US. Their property bubble collapsed, but i dont think to the same extend as the japanese one. Not to mention that it was triggered by gov't, so it popped earlier than japan's one in the lifecycle - therefore, it must be the case that it's less bad.

https://old.reddit.com/r/japan/comments/rvid0x/why_did_japan... has some details in the comments.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by bobthepanda on Wednesday March 12, 2025 @11:17AM (#43344169)
I think there are different ways of defining bad. In Tokyo in 1990, the ratio of median house price to median income was 15. In Shanghai when the bubble popped, that figure was above 40, and even today it is at 36.

To put this in perspective, San Fransisco, a city considered to have a housing crisis, has a ratio of 9.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by riehwvfbk on Wednesday March 12, 2025 @11:37AM (#43344384)
Yeah, but the mortgage rate in China is around 3%. Individual income taxes are under 10% [0]. And there's your multiplier for affordability comparisons.

[0] https://taxfoundation.org/blog/us-china-tax-policy/

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by astrange on Wednesday March 12, 2025 @03:48AM (#43340788)
IIRC the Soviets got that done with a lot of help from the US.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by HDThoreaun on Tuesday March 11, 2025 @11:33PM (#43339715)
Argentinas economy is a mess because of a long history of corruption. The CCP embraces markets while also having state ownership of everything by basically acting as venture capital funding different companies combined with heavy subsidies. So the 5 year plans are for signaling for which industries are going to get funding in the near future. My understanding is that this does have a pretty big impact and funding priorities change pretty drastically based off these plans.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by culopatin on Wednesday March 12, 2025 @10:17AM (#43343503)
Not to mention the orders of magnitude of difference in population capital and that the people of Argentina are not under a regime that promotes basically slave labor for the benefit of their economy. Even if they did I don’t think they’d be able to produce as much just because they don’t have enough people.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by scotty79 on Tuesday March 11, 2025 @11:20PM (#43339658)
Soviets might just really be bad at everything. Capitalism didn't work for them either.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by bdangubic on Tuesday March 11, 2025 @11:31PM (#43339705)
If it wasn’t for the Soviets you’d be writing this comment in German :)

And Capitalism does not work for USA or anywhere else either (except for very few people at the very top of the pyramid (scheme…)

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by kubb on Wednesday March 12, 2025 @03:51AM (#43340799)
They’re good at throwing their population into the meat grinder, sure.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by jajko on Wednesday March 12, 2025 @10:20AM (#43343546)
They really did the bulk of Wehrmacht killing on European mainland. But they didn't collapse only due to massive US support, be it in armament, equipment, medicine etc. Absolutely massive. Also it was basically due to bad German planning and preparation for winter, not some soviet strategic brilliance, which was very hard to be found on eastern front, just meatwave after meatwave till german machine gun barrels literally melted.

You could see tons of US equipment during WWII reels on eastern front including heavy machinery, soviets tried desperately to remove such footage (just like photos of soviet soldiers wearing 3+ watches on each hand... err borrowed from friendly locals) but truth has this behavior of seeping back to light.

Capitalism works pretty well in any moral society actually, much better than any other system thats for sure.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by FirmwareBurner on Wednesday March 12, 2025 @05:09AM (#43341192)
What they got wasn't capitalism, it was kleptocracy.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by scotty79 on Wednesday March 12, 2025 @10:35AM (#43343722)
If you look how capitalism is actually implemented, it always has bigger or smaller kleptocratic component.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by FirmwareBurner on Wednesday March 12, 2025 @12:36PM (#43345010)
Of course, but it's the proportion of that that makes all the difference.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by scotty79 on Wednesday March 12, 2025 @01:16PM (#43345450)
I agree. But that might be why soviets are bad at everything. They always get this proportion wrong, in all systems.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by riehwvfbk on Wednesday March 12, 2025 @11:40AM (#43344408)
The non-working capitalism just kicked the collective butt of the entirety of NATO. Previously in Vietnam the non-working communism did the same.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by csomar on Wednesday March 12, 2025 @02:47AM (#43340527)
Free market capitalism and soviet state socialism or communism is just editorial masturbation. Regardless of the economic system, the everyday tasks are done by regular humans. The system can organize them but if they don't want to do the work, the work won't get done. There is no magic system for that.

Over a decade ago, I worked in a public hospital with a really tight budget. The Pneumology section was clean, orderly and provided service to patients as they came with no waiting time. The service in the building nearby could well fit in the definitions of crimes against humanity. Same hospital, same financing, same system, just a different boss.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by deadfoxygrandpa on Friday March 14, 2025 @02:29AM (#43360110)
nice anecdote. but how do you explain systemic differences in general if you really believe the way you organize stuff doesnt matter?
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by SR2Z on Friday March 14, 2025 @03:25PM (#43366260)
The system is responsible for making people want to do work. Communists believed that ideology alone would be enough, and the capitalists appealed to people's own selfishness.

The difference in effectiveness between these two strategies is the difference between the richest countries in the world and famines that killed like 100M people.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by _zamorano_ on Wednesday March 12, 2025 @06:51AM (#43341838)
It's about the execution. The plan is just the first step.

Basically, China is centralized politically and decentraliced economically. The soviet centralized everything... even meat prices, a recipe for disaster.

They plan the outcome, but let the governing to the different provinces and the implementation to the (mostly) private sector. These actors are forced to compete, among other things, via export discipline that cannot be faked.

And somehow, despite facing the same corruption and cronyism problems we do in the west, they seem to get better results.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by treis on Wednesday March 12, 2025 @06:03PM (#43348107)
It's much more just population. Rapid population growth and then a one child policy has left China with a population bulge. Right now that bulge is 25-60ish which gives China a large amount of workers compared to children and the elderly. In 20-30 years that's going to switch and they will have a large amount of retirees supported by a relatively small amount of workers.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by culopatin on Wednesday March 12, 2025 @10:14AM (#43343478)
That video is pretty… weak. Argentina can’t be looked at on a GDP graph and say “oh yeah let’s find some random country that’s similar in this graph”. Most of Argentina’s problems are self inflicted sabotage. The graphs are also very misleading in the video, not only in the axis scales.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dumbledoren on Wednesday March 12, 2025 @02:29PM (#43346242)
The Soviets were insanely successful: From the 1920s to 1960s they raised the USSR to space age, industrialized it to become the 2nd superpower, won a world war, upgraded citizens from village huts to apartments, from being barefoot to cars and subways.

What 'went wrong' was the economic war that Kennedy admn. started to starve the USSR of GDP by starting an arms and space race. The USSR did not bite the space race bait, but arms race was impossible to not participate. So it did. Then in the 1970s, the US started an economic warfare against the USSR with the help of its Gulf allies by manipulating oil prices. That wasn't enough either, so Reagan started another arms race. In the end all of that combined, crippled the USSR and it went bankrupt.

The US also went bankrupt, but it was able to delay it for ~15 more years by printing money and pumping it into the stock market and real estate thanks to the reserve currency status of the dollar. That came crashing down in 2008. The US did some more of the same and dragged it a decade and half more and here we are, where everything is finally crashing down.

China avoided most of that economic warfare by sitting on the sidelines and taking lessons. Sometime a decade ago, it passed the threshold of being too well-rounded and large to fail. To the point that it became a driving engine of the world economy, but backed with actual goods and services instead of the financial voodoo that the US built everything on.

> Basically, is such 5 year plans a recipe for success

Yes, if your country can keep the private interests and capitalists under control. Otherwise, they derail every plan to maximize their profit by siphoning off state resources for little actual progress. Like how the last US administration's 'build back better' plan was derailed.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by chii on Wednesday March 12, 2025 @11:39PM (#43350183)
> Yes, if your country can keep the private interests and capitalists under control.

how come in your scenario, the state can do no wrong then?

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dumbledoren on Monday March 17, 2025 @12:23PM (#43390144)
Every organization can do wrong. However the state is the tool of the society, and its far better than handing things over to unaccountable, sociopathic private profiteers who stop at nothing to maximize their hoards of wealth made up of imaginary numbers that live in the voodoo-like financial system of today.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by regularization on Thursday March 13, 2025 @06:10AM (#43351800)
Some other factors -

In 1916 the communists dud not want to take over Russia. In 1917, Lenin said they should take the opportunity to take over Russia, and wait for Germany to become a left wing government, the real revolution. This did not happen, big business at the 1933 Geheimtreffen decided to back a right wing government in Germany, and the divided left was pushed aside by a united right when the Catholic Center party signed the Enabling Act.

Russia knew from 1917 it needed political winds in the west, but they blew the other way. Continental Europe invaded Russia in 1941.

Then in 1953, Khrushchev shifted capital spending to consumer spending, one of the main blows to the Sividt economy which was humming along from 1933 to 1953.

Karl Marx basically said communist revolutions can't succeed in backwards countries, only the biggest and most advanced countries.

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dumbledoren on Friday March 14, 2025 @09:42AM (#43362577)
Good points. Though, the Soviet attempt has been extremely successful in many ways. We owe the social state we have in modern society to the Soviets succeeding in establishing all those practices and programs and showing that they can be done. In the 1930s the capital was doing incessant propaganda saying how social programs would cause a society to collapse. Soviet union proved all of them wrong and it became impossible to prevent implementation of the modern social state we have today.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by downrightmike on Tuesday March 11, 2025 @10:58PM (#43339527)
Oh, cool, someone is going to use ipv6
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dluan on Wednesday March 12, 2025 @09:05AM (#43342792)
Chinese people have an irrational amount of love for international standards.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by throw839399939 on Wednesday March 12, 2025 @11:27AM (#43344278)
In this case it is quite rational love. Some US universities have more IPv4 addresses than entire China! Single IPv4 address cost like $50, it is impossible possible to buy large ranges.
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by calcifer on Wednesday March 12, 2025 @09:58AM (#43343322)
What makes it irrational?
Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by grumpy-de-sre on Wednesday March 12, 2025 @10:42AM (#43343794)
Sure beats sitting around discussing, complaining, and half assedly developing a replacement standard and getting nowhere. Perfect being the enemy of good and all that.

https://xkcd.com/927/

Re:SemiAnalysis: America Is Missing the New Labor Economy – ... by dluan on Wednesday March 12, 2025 @04:22PM (#43347294)
I just meant that they REALLY love international standards. They have the assumption that a group of really smart people must have decided it democratically and fairly, so no matter what it is about they will get excited about it.