Moon of Alabama attacks an article by Stephen Roach, former chairman of Morgan Stanley Asia and chief economist at Morgan Stanley. Roach is looking through a US-centric lens and as a result gets the bigger picture wrong.
There is a further reason that is not mentioned. Big Tech, while a driver of profit, is not only economically unproductive but also undermining of a culture. TV was supposedly the cause of turning Western culture into a wasteland. Social media and gaming do that on steroids. The Chinese leadership gets this and has no intention of letting Chinese culture go the way of the West so that rent seekers can make money.
China Cracks Down On Tech - Its People Benefit
Social media is harmful, period. People in China look just like young people in Nova Scotia - their eyes glued to the glowing screen of their mobile devices.
ReplyDeleteThere was an episode of Star Trek TNG that was prescient.