Have you read Yudkowsky’s Inadequate Equilibria (physical book)? It made a pretty big mistake with the bank of Japan (see if you can spot it on your own without help! It’s fine if you don’t) but that mistake doesn’t undermine the thesis of the book at all.
My understanding is that Inadequate Equilibria describes the socio-cultural problems China faces quite well, and stacks very well with the conventional literature (in a way that any strategic analyst would find quite helpful, the value added is so great that it’s possibly sufficient sufficient for most bilingual people to work as a highly successful China Watcher, ie a huge source of alpha in the China watcher space). It also describes the effects on cultural nihilism quite well.
The only countries (and territories) in the last 70 years that have gone low income to high income countries in the last 70 years (without oil wealth) are South Korea, Taiwan, Singapore (which does have substantial oil wealth,) and Hong Kong, although it seems very likely that Malaysia will join that club in the near future.
Love this analysis! I would like to dive deeper than this, do you have a source? The world bank claims that 3⁄4 of the global population live in “middle-income countries”, which at a glance I do not trust at all and like your thinking better.
Have you read Yudkowsky’s Inadequate Equilibria (physical book)? It made a pretty big mistake with the bank of Japan (see if you can spot it on your own without help! It’s fine if you don’t) but that mistake doesn’t undermine the thesis of the book at all.
My understanding is that Inadequate Equilibria describes the socio-cultural problems China faces quite well, and stacks very well with the conventional literature (in a way that any strategic analyst would find quite helpful, the value added is so great that it’s possibly sufficient sufficient for most bilingual people to work as a highly successful China Watcher, ie a huge source of alpha in the China watcher space). It also describes the effects on cultural nihilism quite well.
Love this analysis! I would like to dive deeper than this, do you have a source? The world bank claims that 3⁄4 of the global population live in “middle-income countries”, which at a glance I do not trust at all and like your thinking better.