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by yzhengyu
5550 days ago
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I would say first world nations are economically successful because their economies became diverse, i.e. a heavily distributed, highly concurrent and parallel system of systems. Given our current circumstances, it seems capitalism - i.e the central idea that a capitalist works for profit, etc - is now appearing to create economies which are now centralized around people/institutions which engage in nothing moving capital from one place to another, one industry to another, without the attendant in-betweens of the businessmen. And there's goes the concurrent property. And I wouldn't knock democracy much. You might hate American politics now, but the Chinese version isn't better by any much. |
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I think you will begin seeing a trend away from the "no value creation" capitalism of the past 20 years- we're seeing people becoming more interested in physical inventions (see the popularity of the Make Fest and workshop clubs) and a rebirth of US industry (opportunities will open up as China and other "low-cost" centers see wage growth and people see other openings in fields such as shoe production, just to name one.).