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That's absurd.

>I think we need a carbon tax, that is specifically a financial disincentive towards any means of energy production that directly pollutes the atmosphere.

Ok then lets end 2 biggest industries that pollute the planet the most. Construction and food production.

We can live in environmentally friendly uniform grey boxes and eat protein bars.


Singapore style development model is a nice theory but it does not work. It's exploitative in nature and gets its revenue by churning through thousands of immigrants that have no access to HDB.


I think you just don realize the scope of numbers you need to play with especially if you dont start with a reasonable amount in the first place.

Real estate is worse than crypto when it comes to speculation.I realized this myself when my property doubled in value in less than 2 years.


I have yet to find a tech company that is not about extracting as much wealth as it can by min/maxing on human suffering.


Exactly. This is such an awful take that it makes me think maybe Bezos has time to spend on HN.


I suspect Bezos would have a more nuanced view.


Working conditions in the US are a lot better than in Africa or the poorest post-USSR countries.What's your point?

1st world countries should not boast about basic human rights.That should be the standard.


I worked in a warehouse in Africa, we had informal breaks, it was a really tiring job


Quite the opposite actually.Increase capitalism and reduce government control and you get more housing.


Yes, as we can see from the very great examples of where this approach worked perfectly. Now every one is perfectly housed in decent conditions and for cheap in United States or South Korea. We all know the dozens of thousands of homeless folks in San Francisco and around really want to live in slums or on the streets, and their situation has nothing to do with speculation, gentrification and AirBNB. /s


Are you South Korean? What do you know about South Korea's real estate?

Either way I would say housing in Japan (considering all the constraints) seems to work great.


> Are you South Korean? What do you know about South Korea's real estate?

No. Very little. Just read articles over the years saying they are facing similar issues of real-estate bubble and speculation and that prices in Seoul are getting close to those of New York.


And what does that have to do with the price of tea in China?


That's not how it turned out in the UK. As this graph illustrates, when the local government authorities were prohibited from building more housing, from the 1980s onwards, the private sector didn't pick up any of the slack: https://i.stack.imgur.com/MmJ5N.png

The capitalists instead decided to optimize for steadily increasing the price of housing by restricting supply, so these are now primarily seen as an investment with nearly-guaranteed returns, rather than places for people to live.


Another piece of data, from the Netherlands, where office space vacancy has significantly increased since making squatting illegal back in 2010: https://en.squat.net/2016/05/27/netherlands-housing-crisis/


> an investment with nearly-guaranteed returns, rather than places for people to live.

Or "magic coin-shitting machines", as Charlie Brooker so pithily put it.


In 99% cases it's the government/zoning rules that prevent increasing the supply of housing not private investors not wanting to build enough.


That's just pro-landlord propaganda but i've never seen actual evidence of that. I have seen evidence though that landlords and public powers conspire against the population to gentrify neighborhoods and drive prices up, leaving tons of apartments empty so they can make more money speculating.


It is more nuanced; the private investors want to make profit as quick as possible, they do not care about long term development of the area (many politicians either, they might not be in their position after next election).

The private investors won't do infrastructure either - it is expensive - so they want to build where the infrastructure is already in place. So that's why we see trying to increase density.

So the zoning rules are there as a conterweight to this.


Absolutely not. Investors fight with tooth and nails to keep the prices up because it's more profitable than building.


And in many cases it's private investors buying houses for speculation (either by increasing rent or by using them for AirBnBs) the ones that drive prices up, not an increase of supply.

In any case, my point is that applying market rules to housing does not make sense, it's not a competitive market at all and never can be.


The only way to balance the market is to reduce demand and increase supply.

Build more.


I wonder about volatility of these crypto exchanges. Cant a single government of a large nation deal a serious blow to such a company?


I wonder what the collapse of the 46 billion fake tether dollars will do to it too.

These exchanges could be a good way to short it for when it eventually happens, the only question is how to predict the timing.


Actually, I think a large portion of the market has realized these are fake and just don't care. As long as everyone treats them like they're real, they're real. The risk is some sort of run on the bank where everyone tries to cash out to fiat, but I can't imagine what would cause that at this point.


Tether most of the time slightly valuable than real dolar which strongly indicate nobody printing tether to pump BTC. It is well debated yet i havent seen any solid argument about fake tethers. I also think cryptos will eventually crash but stable coins are real deal. They will be around even if people stop trading shitcoins.


They claim to have 46 billion dollars but are very shady about which bank it's supposed to be in. That's quite a large amount of money to hide, it's like claiming I have the Ever Given in my bathtub. Someone would notice.


And we know from the NYAG report that in the past they’ve:

- Not had 100% reserves

- Not been forthcoming about it

There’s no obvious reason to suspect that they’ve cleaned up their act. As the saying goes, a cheat is always a cheat.


That would be trivially easy to prove with a simple audit, which they have not done, so the default assumption must be that there is something fishy with them.


It's actually worse than that. They fired their auditor, presumably when that auditor uncovered the fraud and refused to produce a positive report.


Do yourself a favor and do some digging on the folks behind Tether and BitFinex.

Look in particular at their track record starting in Italy in the 90's.

Then draw your own conclusion about the actual existence of their claimed 46B USD reserve.


This is true of any company, crypto or not.



US deregulation would. Coinbase has a captive market. US customers would love to use one of the many much cheaper foreign exchanges but are prohibited from doing so.


100% agree.

Coinbase is a total ripoff fee-wise.

No one uses them outside of the US because they aren't competitive at all, either on rates or on features.


That's ridiculous.China is the one in irreversible decline.

Most people in the West get to enjoy freedom and access to utilities money cant buy in China.

1) For once most people in the west have access to safe and good tap water.Chinese urban dwellers dont.

2) Most people in the west live in places with significantly better air quality than chinese.

3) Most people in the west get to enjoy freedoms chinese cant even talk about

4) West is attracting young people from all around the world.

Chinese middle class will demand the same standard of living like people in the West and CCP will be unable to give it to them.


This is factually untrue.

By pretty much every imaginable metric China has improved for nearly everyone (in China) for the past 50 years. Is this also true in the USA?

I don't think China is superior to the USA, but to say China is in a "irreversible decline" is ridiculous.

https://www.fmprc.gov.cn/ce/celt/eng/jmgx/jjxs/t124869.htm

https://www.visualcapitalist.com/china-economic-growth-histo...

https://www.cfr.org/timeline/us-relations-china


I don't think "irreversible decline" meaning the raw metrics get worse. I think here it means the structure and ideology of the CCP means they will never be able to deliver what the West can deliver, especially on the personal freedoms front.

Maybe decline is the wrong word, and collision course is a better one.

As China globalizes and becomes more exposed to the outside world, they will start to wonder why they can't vote on things like environmental regulation, or why the local factory pollutes their river but they have little say in that process.

In this sense, this is the decline. It's the CCP being undermined by their own economic liberalization.


It is factually true. Chinese have access to poisoned shitty water that everyone has to boil first and that's not only because of that chi bullshit.

Meanwhile I have access to delicious spring water from Alps.

China has achieved only superficial changes that will bite them in the ass in the future.


In the US there are reports of lead and other toxic materials in the tap water.

I dislike China but the US also has those issues, people are just unware of them.


Do you seriously believe China is worse now then it was 50 years ago?


China is not worse than it was 50 years ago however it's development is unsustainable and superficial.


Numbers > adjectives

Chinese has a booming middle class as well as a lot of poor people.


[flagged]


Nationalistic flamewar will get you banned here. You did that repeatedly in this thread, and you broke the site guidelines egregiously with this one. Please read the rules and do no more of this on HN.

https://news.ycombinator.com/newsguidelines.html

I'm not going to ban you right now because you've posted other comments that are within the intended use of the site, but you've been seriously abusing it also. Comments like this one and https://news.ycombinator.com/item?id=26697627 are not ok.


What's wrong with the latter? It's a standard practice of indian outsourcing companies like Infosys,Tech Mahinda,TCL...

Also the "lifting out of poverty" is standard propaganda spread by CCP https://www.firstpost.com/world/china-claims-to-have-ended-e...

What's nationalistic about that?


One-liner national putdowns are nationalistic flamebait. If you had written substantively about "standard practices" that would be different, but you didn't.

As for your GP post, if you read the site guidelines you'll see immediately why that wasn't acceptable as an HN comment.


Yeah except China actually cares about continuing that improvement. You've got that spring water now, but who is working on getting you a newer, better spring water, and has anybody called them a racist sexist misogynistic homophobic demon yet?


>Chinese have access to poisoned shitty water

And the so-called top dog of the west have cities where people for years had to get bottled water because the whole city were poisoned and whole states are drying out. Not everyone in the west are as lucky as those of us with clean water. Definitely not the US.


>And the so-called top dog of the west have cities where people for years had to get bottled water because the whole city were poisoned and whole states are drying out.

The point remains. Tap water is by default not drinkable, whereas water in the US is (barring some exceptions).


No it clearly is not. It migh be to you but I would never drink water in the US from the tap. When you are used to clean groundwater and discussions about water from the Alps not being clean enough then the water in the US is not even on the same level.

And how did it look in the US in the 70's when it were booming like China is now? Children in plastic cocoons because the air were toxic with lead, drinking water full of crap, dead fish everywhere from dumping of chemicals in lakes and sea, radioactive waste leaking, etc.


How many Mainland Chinese do you actually know? Have you talked to them?

My in-laws are all Mainland Chinese. They have access to safe and good tap water, either back in their home town literally in the mountains or in a big city like Wuhan.

Air quality is not great, I'll give you that. But it's also not the worst, at least not in every measure. E.g. many big cities in China had lower NO2 levels than other big cities in other country, in 2016, and those numbers come from NASA: https://airquality.gsfc.nasa.gov/no2/world/east-asia/wuhan

The majority of the people in China don't care about the kind of freedom you talk about. As a nation, they seem to have a very singular goal: follow the Party, make progress, and beat the rest of the world.

China is also attracting lots of young people from other parts of the world. There are quite a few twitter accounts of Laowais who seem to enjoy life in China because they've seen past the values of the West.


> The majority of the people in China don't care about the kind of freedom you talk about. As a nation, they seem to have a very singular goal: follow the Party, make progress, and beat the rest of the world.

Sure. The people of Russia didn't care about freedom and just wanted to follow the Party, too. Until they were given the chance, and it turned out that they actually wanted freedom and didn't give a rip about following the Party, because the Party was denying them the freedom they wanted, and was feeding them a perpetual diet of lies in the process. And despite all the lies, they could tell that it was lies, and that it wasn't freedom.

Now, it didn't work out in Russia. They didn't wind up at freedom. They wound up back with lies. But the point is, however much it looked in Soviet years as though everyone wanted to follow the Party, that was just a facade.

Are the Chinese so different? Do they really not care about freedom? Do they really in their hearts want to follow the Party? Or can they tell that it's all propaganda, and they just are going along on the surface?

The one difference is that China has delivered a fair amount of prosperity to a lot of people, which the Soviet system didn't. That might buy the Party in China another generation. But then the next generation sees that as the baseline. Can the Party continue to deliver improved prosperity? And will that be enough to keep people from wanting actual freedom?


> they've seen past the values of the West

Interesting. What would you consider are the values of the West? And, in your opinion, what are the values of the Chinese society? And don't you think there are overlaps and so, which one?

No retorical questions, I am truly interesting in your answer.


I am very much agree k_sze's comments, I will add some of mine. Chinese's group (family/school/party/country) feeling is stronger/higher priority than a individual. This is recognized and accepted without any government's push. Although most of Chinese is atheist, good portion of common religious believes are considered as a philosophy and is built in social normal, everyone expect to follow. They have less bias toward other ethnic groups, most of time they enjoy each others' difference through each other's food. They very much believe nothing is impossible to some degree of foolish, this leads them to take some long term projects that could not justified in normal ROI alone. Professionally, they respect farmer and scholars higher than politicians and business people, this does not stop them wanting be rich. I think there are many overlaps with old West value.


Or maybe I should put it another way: they've seen past the priorities of values of the West.

I think that, as civilisations, we all aspire to mostly the same values. We just have very different priorities. For the Chinese, it's economic progress over freedom. (In fact, they are mostly free to say whatever they want as long as they don't try to rally and secede or topple the government. As a point of anecdatum, I discuss politics with my brother-in-law over WeChat. We don't always agree with the official narrative. Neither of us has been censored or arrested.)


> For the Chinese, it's economic progress over freedom.

And do you think that this is the case because of some sort of permanence in chinese culture or is it just a transient artefact of the economic situation?

Is Chinese middle class really a known variable?

If you look at the west, the current doxa was not always focused on human rights and individual freedom. The same drive to economic progress has actually dominated much of its history since the renaissance and it can be argued that it was the main engine to political progress. My grand parent main political goal was mainly to ensure they would have enough to go by once they get old.

Don't you think that, as chinese middle class's economic situation evolves, its priority might not also change?

I think what's going to happen in china in the next 20 years are going to have as much impact on the world than the colonization of the new world by europeans 500 years ago. And chinese middle class will be at the center of it.

> We don't always agree with the official narrative. Neither of us has been censored or arrested.)

And if the chinese government were to do something that you consider truly horrible, would you consider that expressing your opinion openly and publicly would be considered "to rally and secede"?

Again I am not trying to trigger you, I am just trying to understand a collective state of mind on which, I believed, we are poorly informed in the west.


1 & 2) For once most people in the west have access to safe and good tap water.Chinese urban dwellers dont. Most people in the west live in places with significantly better air quality than chinese.

... As a frequent visitor to China I can tell you its a mixed bag. Many areas enjoy western levels of water and air quality. Many areas do not. What is lost in environmental quality is offset by an unprecedented ability to escape poverty, an academic meritocracy (albeit testing based), and rising income and wealth levels the West cannot presently match.

3) Most people in the west get to enjoy freedoms chinese cant even talk about

... In absolute terms a large number of Chinese ethnicities and religions are seriously repressed and abused. In aggregate however, the Chinese system catapulted so many of its citizens out of poverty and into the middle class you will find as much (if not more) national pride at China's rise than you will contempt. I sadly observe that certain freedoms may prove to be overrated compared to others, along the lines of Maslow.

4) West is attracting young people from all around the world.

... The West needs a reversal of the balance of payments. The West needs good paying middle class jobs. The West needs to re-domesticate much of its supply chain. The West needs to prepare for high intensity war in order to deter/prevent it. This laundry list of Western needs is incompatible with the expectations of today's 'young people' who are oblivious to these existential threats, great power decline and the relative unimportance of their priorities to their actual survival.


1. Well, maybe in Europe. tap water in the US isn't especially good.

2. Air quality is improving fast.

3. The the right to unaffordable health care?

4) Obviously you have never lived in China. Sorry to break the news to you. Yes, China is attracting young people from all over the world too.


1. At least it's drinkable and not poisoned like in China. 2. No it is not. Have not you seen the dystopian reality of Beijing from last month? 3. Chinese healthcare is hazard on its own. 4. I have. China is not attracting anyone on a comparable level like the EU or the US. Also you dont get to stay and work in China even if you married someone from there.


2.? Are you serious? This was a sandstorm, a very natural phenomenon. In fact, I love sandstorms since they remind me of my best times in Beijing.

3. They have clinics that would make most western clinics cry. Yes, they charge like western clinics too. But I have been for a minor thing in a normal Chinese hospital, a friend of mine had his appendix removed and another US friend of mine got a major surgery in a Chinese military hospital.

4. Don't know where you have been. Shanghai and Beijing is full of young and ambitious people from all over the world. They look for the future, not for the past. I was an immigrant in the US myself (also have an US passport now). The US was always closed for me. Zero opportunities. In China it is a brand new world. Opportunities, ambition, money. I consider it my home.


Regarding #2, I was in Shanghai and Beijing in late 2019. I had a lot of discomfort first landing in Beijing; Shanghai's haze was not as bad but it still shows up in pictures. I imagine this is what the USA's coal country used to feel like when it was in active swing.


Very natural phenomenon that is caused by Chinese deforestation and exploitation of the country.

>4. Don't know where you have been. Shanghai and Beijing is full of young and ambitious people from all over the world. They look for the future, not for the past. I was an immigrant in the US myself (also have an US passport now). The US was always closed for me. Zero opportunities. In China it is a brand new world. Opportunities, ambition, money. I consider it my home.

How much does CCP pay these days? Do you get sponsored tours to Chongqing ?


The gobi desert should be very old. You may have a point that it is growing, but:

"The Gobi Desert is expanding through desertification, most rapidly on the southern edge into China, which is seeing 3,600 km2 (1,390 sq mi) of grassland overtaken every year. Dust storms have increased in frequency in the past 20 years, causing further damage to China's agriculture economy. However in some areas desertification has been slowed or reversed.[15]

The expansion of the Gobi is attributed mostly to human activities, locally driven by deforestation, overgrazing, and depletion of water resources, as well as to climate change.[15]

China has tried various plans to slow the expansion of the desert, which have met with some success.[17] The Three-North Shelter Forest Program (or "Green Great Wall") was a Chinese government tree-planting project begun in 1978 and set to continue through 2050. The goal of the program is to reverse desertification by planting aspen and other fast-growing trees on some 36.5 million hectares across some 551 counties in 12 provinces of northern China.[18][19]"

"How much does CCP pay these days? Do you get sponsored tours to Chongqing ?"

No idea. They pay nothing to me. But I would happily take a passport. I going to get permanent residence rights through marriage. Otherwise I would attempt to become a HK citizen, since you cant get a mainland passport and the green card option is not very tempting on current legislation.


This is cope.

We've had numerous examples of third world style infrastructure failures (Flint water, Texas power outages) within the US that will likely continue. We have under invested in infrastructure for decades, while China has done quite the opposite.

Freedoms are increasingly becoming an illusion in the West. Saying something unpopular or taboo on the internet (even if it were years ago) is likely to cut you off from both your income and healthcare (as healthcare is tied to your employment).

All not to mention the simmering social unrest caused by insane income inequality, the levels of both private and public debt, and the likelihood of the dollar losing its reserve status in the next few decades. Things do not look good for the US.


Why do I get the feeling that 'unpopular' is just a euphemism for 'racist' here. You're saying you want to cancel cancel culture?

Like look, I'll give you that there exist an incredibly small fraction of people that actually embody the spectre you are trying to conjure here. We have so so many more pressing issues in this country than fear of wokeness--like the rise of domestic white-supremacist terrorism.


Can you share any data points on the rise of domestic white supremacist terrorism? I'm genuinely interested in what kind of threat this poses.



They both reference the same CSIS study.

One of the quotes from the most recent study which seems to contradict there's a rise in violence:

"White supremacists, extremist militia members, and other violent far-right extremists were responsible for 66 percent of domestic terrorist attacks and plots in 2020—roughly consistent with their share in other recent years. For example, on June 7, Harry H. Rogers—a self-proclaimed leader of the Ku Klux Klan—intentionally drove his pick-up truck into a crowd of Black Lives Matter demonstrators in Henrico, Virginia. One protester was injured, and Rogers received a six-year prison sentence. In addition, anarchists, anti-fascists, violent environmentalists, and other violent far-left extremists conducted 23 percent of terrorist attacks and plots in 2020—an increase from the previous three years, in which violent far-left incidents comprised between 5 and 11 percent of all domestic terrorist attacks and plots. For example, on August 29 in Portland, Oregon, Michael Reinoehl—an Antifa extremist—followed two members of the far-right group Patriot Prayer and then shot and killed one of them, Aaron “Jay” Danielson."

These are important trends and I pay close attention to them as I believe we're going to be facing a sharply decreasing quality of life for the average American in the coming years which will provoke anger and unrest. These are going to be ingredients to serious problems, some of which will trigger a broad increase in violence. Unfortunately I have little faith in our current leadership or system to deal with these challenges.


>Chinese middle class will demand the same standard of living like people in the West

Will they? As far as I know censorship has been amazingly successful


I think that’s one area they are not considering, in a globalized world being “cool” is actually tremendously valuable.


I'd agree, with the caveat that cool only ever means powerful, and that's the dynamic I think the article indicates is changing.


It is my impression, given the repressive approaches taken in Hong Kong and Tiananmen, that any aggrieved group in China may have great difficulty communicating views in an efficacious way.


You must be seriously disconnected from reality, both ways, to say something like this, like disconnected on a cyberpunk level. It's funny to even give the slightest thought of trying to rebunk some of those points lol.


Your examples says nothing about the rise (or decline) of the west. Only about how it is right now. That is missing the point. Those stats you mention seen over time show that the west is at best at a standstill while PRC have risen meteoric. The middle-class in PRC were pretty much nonexistent some decades ago in PRC. They did get the better standard of living and it is still becoming better. It doesn't go as fast as it once did but far better than the west.


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