Re: "DeepSeek" - China AI App Shakes Up Tech Markets

On 29/01/2025 14:18, D wrote:

"At my age, going back means giving red envelopes to the younger generation, and I simply don't have the money to do that," he told the Financial Times.
How the economy in China and Sweden fared China Sweden
GDP growth 5.0% 0.6%
Inflation 0.2% 2.8%
Unemployment 5.1% 8.4%
Public debt/GDP 84% 34%
Note: Swedish figures are Nordea's latest forecast. China's figures are a combination of outcome and forecast
Source: Nordea, IMF
 

The problem is the rise of fairly dictatorial governments everywhere who think that:-
- economists actually understand and can accurately model, economies.
- economic policy from a centralised authority can make *wealth* appear by magic.
Any fool can create *jobs* by taxing wealth producers and redistributing   it via make-work public sector jobs.
But to create *wealth* requires that people can make a living out of adding value and selling the product.
But over  regulation strangles this. I would never start a company in this country or the UK again, now. One smile at a female employee would be 'micro aggression' and if a male employee turned up in a frock I wouldn't be able to sack him for being stupid.
It's all big corporates who can afford the overhead of managing this nonsense. Startups cant afford to.
I think people know this and that is why more conservative political forces are gaining ground.
Postmodern Marxism has jumped the shark.
--
“Ideas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance"
    -  John K Galbraith