Woke era might be on it's way fading out. CEOs watching what they said pretty closely. Now CEOs firing their comms group, getting candid. Palantir's Karp on short sellers. Then
Jensen Huang ‘People with high expectations have low resilience. And resilience matters in success. I don’t know how to teach it to except to say I hope suffering happens to you. To this day I use Pain and Suffering in our company with great glee. Boy this is gonna cause a lot of pain and suffering. ... You wanna refine the character of your company. You want greatness out of them. And greatness is not intelligence. Greatness comes from character. And character isn't formed out of smart people. It's formed out of people who've suffered.'
Most Based CEO. All-in. Is there a vibe-shift. People less concerned about cancel culture. People are speaking their mind more. But maybe the CEOs haven't really done anything risky, unlike Elon who has taken real risks and has paid the price. Taking a really difficult political stance. True risktaking by speaking truth to power.
Shanghai elderly seek love at Ikea - YouTubeThey bring self-made snacks t a food court at Ikea
This started when the IKEA started offering free coffee at its canteen.
It's a ‘place to have fun’ in rising divorce rate China. People date there, but also hang out. It's an 'entertainment locaiton'. ‘They come to make friends and wile away the lonely hours.’
In the 1970s, 10% of the residents of Shanghai were over 60 for the first time. Now 5.5m (37% of) people in Shanghai. 1/5 297m elderly in China live alone.
‘When I reached this age, I realized I had a yearning for love as well. So you see, people change. It’s not embarrassing to speak out. It's not only young people who need love, elderly people do to.
'Old people actually fear lonliness. Even if we do not talk, just sitting here already gives us a sense of satisfaction.
#Drama
Psychologists are trained to BLAME straight white men for everything. GB News covers our new NCF Doc - YouTubeThe future generation of clinical therapists are being educated on a standard of critical race theory (not colorblind).
RCMP Warn of an ANGRIER Canada in New Report - YouTubeFreedom of Info Act stuff.
‘Anyone who opposes imposed government policy is ... an extremist.’
‘Coming period of recession will also accelerate the decline of living standards that the younger generations have already witnessed compared with earlier generations. Many Canadians under 35 are unlikely ever to buy a place to live.'
People angry perhaps because they're consuming info on these subjects (actual situation in Canada) without getting a break from it. Then receiving gaslighting and gaslighting attempts. And people have to purposefully disconnect from the news for a real period of time (days) to come down.
Perhaps one outcome will be further division of people from their friends and family, as some members say You know this new tax is not so bad, and others are outraged. Why are they focussing their anger on each other?
Protests start to become inspiring for people, instead of just observed news.
Matt Taibbi on How “Free Speech” Turned Into a “Far Right” Slogan - YouTubeAbigail Shrier: How therapy culture creates victims - YouTubeChina, the sectors have profit margins driven down to almost zero. 1-3% profit margin usually. It's difficult for a company to stand out.
China strong feeling trade war will continue, so need for economic superiority, so capital shouldn't be allocated to housing or soft tech (e-business, consumer tech). They would like all the money to go to semis, new materials or EVs. Not a natural mechanism of markets, but rather Chinese central planning.
China, after lockdowns, people expected stronger policy response, but instead there was a crackdown in housing sector, because government wanted to deleverage from all those real estate developers, which has drained liquidity from the banking sector. In addition, more regulations in stock market, banking sector, anti-corruption campaign in health care and financial industries.
Lack of trust in government, because you used to know where to go but not now, in investing.
Middle class wealth has been shrinking for last 2 years. People feel much poorer, frustrated. Middle class now worrying about their jobs, but before there weren't really layoffs like this.
The Reality of China's Economy with Wang Dan, Chief Economist at Hang Seng Bank China - YouTubeChina, new government started last year, and they have a new agenda layed out for next 20 years. Supply chain upgrade, China becomming richer, individuals richer. Ambitious goals. Green tech, new industrial structure tied to carbon emission reductions. Growth could even increase pace. Top officials don't have willingness to talk about details with public. Public doesn't understand policy anymore.
It might just be too difficult to explain to the public.
China, question of middle income trap. China was never a welfare state like Brazil. No intention to make it one. Unemployment insurance is nonexistant basically. If a person loses a job, they don't think the government should help them reflexively. One of the reasons they have more savings.
China, state owned sector dominating most strategic industries and taking over most profitable projects. So private sector, how will it fare? A middle or large company even can go bankrupt in China. Innovation happens most, and most jobs created, in private sector.
China, if supply chain moves out, whole ecosystem will follow it. Stress for cities. Shinking in local labor market and export.
Moving supply chains out means picking between China and a combination. Like either China or a combination of Vietnam, Indonesia, Malaysia. Deal with several labor markets, several countries.
China, buying things is cheap, cheaper than before, and a good variety of stuff. So people not demandning structural changes as much as otherwise. If prices don't increase, people won't spend on durable goods.
There are ways to get out your honest opinion without criticizing. Try to find some constructive solution or way of debating certain topics. I find that very useful. - Wang Dan
The public will buy the nationalistic message. If you say the Chinese or Western economy is collapsing, they buy it.
AI, people fearful about applications. ‘I think we would embrace AI wholeheartedly if we had a recent history like the 1990s, but instead we had a whole decade of economic problems, this social unrest, riots and people screaming at each other 24/7 on social media, crazy politicians, fundamental uncertainty about the social fabric of America. I think that put people in a defensive crouch.’
AI's Influence on the Economy with Nathan Labenz - YouTube