Fascinating story from Nigeria. This is beyond the scope of your video, but I'm most concerned about the Chinese politics because of their economic influence. I'm glad South Korea became wealthy, I hope India becomes more uniformly wealthy, but I hope China becomes free. The protests in Hong Kong a year or two ago and the treatment of Uyghurs are particularly concerning. The Chinese people I've met at home in Canada are all very nice. They usually came as foreign students.
It feels like waiting for the other shoe to drop, but China has a long term plan, like 100 years or more. So just because they have "failed" real estate deals here and there, doesn't mean it won't pay off down the road, think monopoly, putting hotels all over the board, it pays off on the long run.
I forget which african country it was, might even have been ethiopia, but it had a massive row of skyscrapers like it was dubai, all built by the chinese. And I hear that's fairly common that china lends large amounts of money and expertise to african countries. The reason it doesn't concern me much is that they are manifesting massive development in countries that would otherwise have none and if those countries aren't able to pay those massive investments back, china wont get control over those countries, it will just be failed investments. So I'm not concerned about undue chinese influence in africa but I do wonder if the investments are sound. I'm guessing china will tire of that policy and it will end. I think it's not nefarious, that they are just thinking investment in emerging economies because they have a lot of money to place but I don't think it will pan out for them. As for the rest of the world depending on china, fortunately you might say we are not truly dependent. They don't have any state of the art leadership. Taiwan does however but that's not quite china and should it become china, that taiwan leadership with wither I believe. Certainly wont have the support of the west so it's done. They don't lead us in AI nor science nor any leading domain other than low cost quality goods. And the low cost factor is dwindling as their pay increases. The tech part of china has reached salary parity or above so the cost advantage is all but gone already. You could say whitey has been complacent in a food coma while china has been aggressively hungry but whitey is still king. All science comes from us, all innovation. Asians are diligent skilled refiners. South korea is a powerhouse of tech manufacture but they don't lead science. There has never been an asian Einstein or Newton, nor Maxwell or Tesla.
Awesome video Mike. BTW, I'm brushing up on my mandarin. 🤣
Fascinating story from Nigeria.
This is beyond the scope of your video, but I'm most concerned about the Chinese politics because of their economic influence. I'm glad South Korea became wealthy, I hope India becomes more uniformly wealthy, but I hope China becomes free. The protests in Hong Kong a year or two ago and the treatment of Uyghurs are particularly concerning. The Chinese people I've met at home in Canada are all very nice. They usually came as foreign students.
It feels like waiting for the other shoe to drop, but China has a long term plan, like 100 years or more.
So just because they have "failed" real estate deals here and there, doesn't mean it won't pay off down the road, think monopoly, putting hotels all over the board, it pays off on the long run.
I forget which african country it was, might even have been ethiopia, but it had a massive row of skyscrapers like it was dubai, all built by the chinese. And I hear that's fairly common that china lends large amounts of money and expertise to african countries. The reason it doesn't concern me much is that they are manifesting massive development in countries that would otherwise have none and if those countries aren't able to pay those massive investments back, china wont get control over those countries, it will just be failed investments. So I'm not concerned about undue chinese influence in africa but I do wonder if the investments are sound. I'm guessing china will tire of that policy and it will end. I think it's not nefarious, that they are just thinking investment in emerging economies because they have a lot of money to place but I don't think it will pan out for them.
As for the rest of the world depending on china, fortunately you might say we are not truly dependent. They don't have any state of the art leadership. Taiwan does however but that's not quite china and should it become china, that taiwan leadership with wither I believe. Certainly wont have the support of the west so it's done. They don't lead us in AI nor science nor any leading domain other than low cost quality goods. And the low cost factor is dwindling as their pay increases. The tech part of china has reached salary parity or above so the cost advantage is all but gone already.
You could say whitey has been complacent in a food coma while china has been aggressively hungry but whitey is still king. All science comes from us, all innovation. Asians are diligent skilled refiners. South korea is a powerhouse of tech manufacture but they don't lead science. There has never been an asian Einstein or Newton, nor Maxwell or Tesla.
cut that shit man cut it out