China: Innovation is simply too risky, too expensive, and too time consuming
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Date: November 24th, 2024 3:41 AM
Author: ...........,.,.,............::::
compared to theft
https://saisreview.sais.jhu.edu/how-chinas-political-system-discourages-innovation-and-encourages-ip-theft/
four other factors also conspire to discourage innovation in China, especially within small companies: (1) the requirement to pay bribes as protection; (2) a political culture that values deference and hierarchy; (3) the Chinese government policy of subsidizing SOEs; and (4) lack of capital for small and medium sized companies.
Guanxi (connections), baohusan (umbrellas), and bribes cost money that smaller companies cannot afford. Desmond Shumdescribes paying thirty percent of his projects’ revenues to Zhang Beili, the wife of Prime Minister Wen Jiabao. Shum asserted that such a fee was not unusual.
(http://www.autoadmit.com/thread.php?thread_id=5639351&forum_id=2#48374694) |
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Date: November 24th, 2024 7:05 AM
Author: ...........,.,.,............::::
lol at thinking "everyone is as smart as u" = invention
if that were the case Asians would have built a parallel civilization of equivalent tech long ago alongside whites
(http://www.autoadmit.com/thread.php?thread_id=5639351&forum_id=2#48374790) |
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