Comments on win-win financial order
發表於 : 2021-08-21, 00:22
Comment
(1) It is generally accepted that technology is the key. The West dominated the World for Centuries because of superior technology.
(2) Nuclear Bombs and missiles created stalemate. No sensible Nation will risk the destruction of the Human Race.
(3) However, the competition of technology continues. The latest technologies include Internet, Big Data, Artificial Intelligence and platform economy.
(4) The Win-win Financial Order essentially is the application of the latest technologies. China has an advantage as it does not really honor privacy and can claim Big Data as State Strategic Resource.
(5) Technology has produced the Surplus Economy for the so called Developed Nations. Food, clothing, dwelling, electrical appliances, cars, information etc. are surplus items.
(6) China is on the path to Surplus Economy. It goes on the Moral High Ground of World as One Entity; plan, work and enjoy together.
(7) The West (the white race) thought that they could dominate the World on Earth forever as they grabbed most of the land; had superior technology and weapons; had control of the media and the currency.
(8) The West sees China catching up with technology and is bypassing them in some areas. If China cracks “controlled fusion”, Energy will not be a restricting road block. If China leaps ahead with Digital Currency and Modern Monetary Theory, the living standard of Chinese Nationals and Allies will surge ahead.
(9) The steps taken by the West is to restrict the passing of the advanced technologies to China. But China thinks that if a technology could be created by the West, it could be re-invented and surpassed by China if resources were poured in. This self-confidence is reinforced by many successes.
The Competition is likely to go on for many decades. Technology will be the key. Fintech will be one area. Numerically, China has more scientists and engineers. If they continue to be motivated and work as if there were no tomorrow, China is likely to surpass the West. The West must look at the situation as dealing with Olympics – the other side will get more and more medals. Go on the Win-win path of friendly competition and change many of the unjust rules.
(1) It is generally accepted that technology is the key. The West dominated the World for Centuries because of superior technology.
(2) Nuclear Bombs and missiles created stalemate. No sensible Nation will risk the destruction of the Human Race.
(3) However, the competition of technology continues. The latest technologies include Internet, Big Data, Artificial Intelligence and platform economy.
(4) The Win-win Financial Order essentially is the application of the latest technologies. China has an advantage as it does not really honor privacy and can claim Big Data as State Strategic Resource.
(5) Technology has produced the Surplus Economy for the so called Developed Nations. Food, clothing, dwelling, electrical appliances, cars, information etc. are surplus items.
(6) China is on the path to Surplus Economy. It goes on the Moral High Ground of World as One Entity; plan, work and enjoy together.
(7) The West (the white race) thought that they could dominate the World on Earth forever as they grabbed most of the land; had superior technology and weapons; had control of the media and the currency.
(8) The West sees China catching up with technology and is bypassing them in some areas. If China cracks “controlled fusion”, Energy will not be a restricting road block. If China leaps ahead with Digital Currency and Modern Monetary Theory, the living standard of Chinese Nationals and Allies will surge ahead.
(9) The steps taken by the West is to restrict the passing of the advanced technologies to China. But China thinks that if a technology could be created by the West, it could be re-invented and surpassed by China if resources were poured in. This self-confidence is reinforced by many successes.
The Competition is likely to go on for many decades. Technology will be the key. Fintech will be one area. Numerically, China has more scientists and engineers. If they continue to be motivated and work as if there were no tomorrow, China is likely to surpass the West. The West must look at the situation as dealing with Olympics – the other side will get more and more medals. Go on the Win-win path of friendly competition and change many of the unjust rules.