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Talk:Essay: Communist China’s quixotic quest to innovate: A statist economy can’t make creativity greatly blossom (view source)
Revision as of 23:03, January 27, 2025
, 23:03, January 27, 2025no edit summary
*[https://www.richardhanania.com/p/deepseek-hype-and-reality DeepSeek: Hype and Reality. Understanding the recent earthquake in AI development].
*[https://www.richardhanania.com/p/deepseek-hype-and-reality DeepSeek: Hype and Reality. Understanding the recent earthquake in AI development].
::"According to a McKinsey report, AI could potentially contribute around $600 billion annually to the Chinese economy, which could equate to roughly 3.7% of China's current GDP". - McKinsey & Company.[https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-next-frontier-for-ai-in-china-could-add-600-billion-to-its-economy]
::What about the rest of the economy? In 2023, the USA was over 200% more productive in terms of labor productivity than Russia when measured using purchasing power parity.[https://en.wikipedia.org/wiki/List_of_countries_by_labour_productivity]
::And labor productivity leads to economic stability and wealth generation. Right now China has a property crisis, deflation and high youth unemployment. China's economy is a mess so it's not surprising that the USA has over 300% higher GDP (PPP) per capita in 2024.
::After all is said and done, statist picking and choosing of winners and losers is not as dynamic, prosperity creating or stable as capitalism - especially over the long run.[https://www.conservapedia.com/Essay:_Communist_China%E2%80%99s_quixotic_quest_to_innovate:_A_statist_economy_can%E2%80%99t_make_creativity_greatly_blossom#Free_markets.2Fcapitalism_vs._a_more_socialistic_economic_system_like_China.27s._The_USA_is_more_innovative_and_prosperous_than_China] [[User:Conservative|Conservative]] ([[User talk:Conservative|talk]]) 18:03, January 27, 2025 (EST)