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> but they're unlikely to be best, unlike in the past where the state deliberately sent best abroad. I don't see that happening for a long time. Very few, if any, kids are turning down MIT to go to Tsinghua instead, and once they are abroad in the states to study, if they are in STEM (ignoring the non-STEM kids who go because they have money), they aren't going to come back unless they get access to some crazy resources. What we settled for in our Beijing Research lab, at least, were some under the radar talent with PhDs from Zhongshan universities, very good people, but even the Tsinghua PhD student (who isn't as good as the PhD undergrad) would go abroad even in the late 2010s. The lack of worldwide talent hurts China in terms of practices and tech culture. It isn't just access to a wider talent pool, but cultural nuances don't really gets ingrained since you get your workers in the west from a wide variety of countries. China is also becoming less liberal, not more, and that can't help either in terms of retaining talent (under Xi, there are real risks to staying and raising your family in china vs abroad, and there is no end to Xi's rule in sight, things could get really messy without a planned peaceful transition of power). Finally, China's housing bubble has no end in sight. You think a million dollar town home in Seattle is expensive? Try 1.5 million for a two bedroom apartment in Beijing! Unless you can make ALOT more money in Beijing, why not work in Seattle instead? At least you can buy a house. China is going to do OK with all of this, but I don't think they going to thrive as much as you think they are. They have a lot of big challenges coming up in the next decade. |
>thrive / illiberalism / big challenges
IMO above is why PRC is going to thrive because regardless of the domestic environment, the vast majority of talent simply can't leave - barring massive changes in western immigration schemes, particularly US, but that's unlikely to happen especially with respect to PRC nationals. But more broadly, on the topic of "culture", JP/SKR/TW had plenty of time to acclimate to the salaryman grind and QoL squeeze, their productivity is only going to stall and decline because they're already relatively developed and can't/won't be able replace talent at parity of loss. But their strategy worked fine for hard tech, meanwhile PRC 996 worked fine for soft tech, enough that it needed to be cracked down. Now consider PRC has 25% skilled workforce vs 60-80% of advanced economies, that's like another 2-4x Japan's worth of talent potential being spammed at 7-8M tertiary talent production per year that disproportionately bias STEM/techinical - simply far too many to be meaningfully brain drained.
And it's not like PRC or the west hasn't been going through their own host of social ills, but US S&T and innovation sectors were still growing during the GFC when the banks were foreclosing homes on the bottom quartiles. Meanwhile PRC climbed up the value chain and these S&T/innovation indexes amidst all the covid and real estate drama. That’s “thriving” in terms of building comprehensive power and it’s doing so under what folks deem terrible conditions, i.e. it’s the default momentum of upskilling millions of people per year and throwing them into the grind. Sure one can argue benchmarking against potential that's doing ok, but vs peers it's closer to thriving.
I think all the fixation on the “human condition” narrative is overstated, at the end of the day East Asian Tigers aren’t built on 40 hour work weeks. They’re built from hammering skilled human capital 200% harder than privileged west for 10% competitive advantage, and at PRC scale, that’s really enough for next several decades. Or more TLDR I think factors will enable to PRC as a country can thrive even if QoL does not.