Ask A Genius 851: Inflation

[Recording Start] 

Rick Rosner: You and I just started talking off tape about inflation. In America there’s a lot of greenflation which is companies realizing that they can get away with charging more than not have it affect their market share significantly. So, they just charge more even if it’s not freaking fair and they raise their profit margins. Then we moved on to talking about China where we agree is an entrepreneurial dictatorship though I’ve talked to people who know more about China like the Comptroller general of the U.S who says it’s not exactly that but I think it’s close enough for you and me to talk about it in that way. China wants to be the most successful business company in the world. It wants to own the world by being great at industry; manufacturing and selling shit, right? Now their dictatorial policies,Chinese people don’t necessarily run afoul of stuff. I mean the China is mean to the Uyghurs and the Tibetans but the average Chinese person can live a pretty decent life without feeling threatened all the time. 

China is forcing people out of rural areas. 20 years ago half of the Chinese lived in rural areas. Now it’s a third with two-thirds living in cities, China has about 160 cities with populations of more than a million and I think they try to get a new city to hit a million like every week. They want to have more than 200 million person cities two years from now or some crazy crap. They have nine-ten mega cities with populations of more than 10 million and the U.S has one. These cities are where people are making stuff and doing AI and developing the products and concepts that the world will be using. China wants to dominate and this entrepreneurial dictatorship especially in conjunction with having 1.4 billion citizens, roughly four times what the population that the U.S and Canada have combined, all that human capital and plus their economic system, plus a population that can be compelled to buckle down and learn shit of the US is kind of spoiled.

At the end of World War II, we had half of the world’s manufacturing I think because Europe was in ruins and we rode that dominance for decades and now the U.S is kind of fat and lazy and also mired in anti-science and anti-education. The Republicans dominated by billionaires who don’t give a fuck, who like having a dumb ignorant population to push around are trying to dismantle the American education system. What we need to keep up with China and India is a push for tech education similar to what we had when we freaked out in 1957 when Russia, the Soviet Union put up Sputnik, the first satellite in orbit and the American government. And Americans in general were like “Shit, we cannot let Russia beat us,” and the push for tech, math, science education has resulted 60 years later in the tech dominance that the U.S has but is struggling to keep because we’re a bunch of Wally fat lazy assholes. 

China can be patient. I don’t know if they will be patient because they rattle their sabers at Taiwan. Taiwan’s a breakaway nation from China or China would consider it a province of China. Taiwan of course considers itself a nation. Most of the world does not recognize it as a separate nation but China wants to take it back. Taiwan is a huge center of chip manufacturing, so if they didn’t make a bunch of shit,  if they weren’t leaders in their own way technologically, maybe China wouldn’t give a crap but they may attempt to take Taiwan sooner than later. They don’t have to, they can wait. Their system; as shitty as it is in terms of limiting people’s political expression, is pretty good for eventually making China dominant unless the US gets its shit together.

[Recording End]

Authors

Rick Rosner

American Television Writer

http://www.rickrosner.org

Scott Douglas Jacobsen

Founder, In-Sight Publishing

In-Sight Publishing

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