Capital has no good or evil; it can create the greatest evil and also the greatest good.
Good and evil are determined by structure. What is structure? It is the productive forces and the relations of production.
Humanity has come a long way from a slave society, experiencing feudal society and authoritarian society to today's relatively free society. This is not because capital has improved, but because the current productive forces demand the liberation and freedom of humanity.
Although I have always worried about robots taking away human jobs, this is just one possibility. From a human perspective, change often comes from the most unexpected places; it is not necessarily the central powers of the world that change the global landscape. For example, Genghis Khan rose to power in the Mongolian plateau, Britain thrived on a small island at the edge of Europe, and even earlier, the Qin dynasty emerged on the fringes of the Central Plains in Guanzhong.
What does this indicate? It indicates that humanity needs diversity. Because it is often difficult to predict what will drive humanity's next advancement, central empires frequently enter a stable state, as their structure adapts after years of evolution, becoming difficult to adjust once it is set in motion.
This is why the United States is in its current state. Before Trump's administration, I had some expectations for reform from these two individuals, but look at the situation now—it's a mess. Is there anyone stronger than Trump for reform in the United States? I think not; the fate of America is sealed, and the countdown for the Roman Empire has begun.
China is also plagued by many issues; however, the advantage for China is that its per capita level is still low, with at least 3-5 times the potential for development compared to developed countries. During this period, any problems will be offset by development.
Capital is neither good nor evil; it can create the greatest evil and also the greatest good.
Good and evil are determined by structure. What is structure? It is the productive forces and the relations of production.
Humanity has come from the slave society, through the feudal society and the authoritarian society, to today's relatively free society. This is not because capital has improved, but because the current productive forces demand the liberation and freedom of humanity.
Although I have always been concerned about robots taking away human jobs, this is just one possibility. From a human perspective, the winds often arise from the edges, and what changes the world pattern is not necessarily the center of the world. For example, Genghis Khan rose in the Mongolian Plateau, England emerged from a small island on the fringes of Europe, and earlier, the Qin Dynasty rose in the Guanzhong region on the edge of the Central Plains.
What does this indicate? It indicates that humanity needs diversity. Because it is often difficult to predict what will drive the next progress of humanity, and central empires often enter a steady state, because the structure has adapted through years of evolution, and a small change can affect the whole system, making it hard to correct.
This is why the United States is in its current state. Before Trump's administration, I had some expectations for reform from these two individuals, but now, it's a mess. Is there anyone stronger than Trump in terms of reformers in the U.S.? I think not. The fate of America is already determined; the countdown for the Roman Empire has begun.
China is also plagued with many issues, but the advantage of China is that its per capita level is still low, and compared to developed countries, there is still 3-5 times the space for development. During this period, any problems will be offset by development.
Capital has no good or evil; it can create the greatest evil and also the greatest good.
Good and evil are determined by structure. What is structure? It is the productive forces and production relations.
Humanity has come a long way from feudal society through authoritarian society to today's relatively free society. This is not because capital has improved, but because the current productive forces demand the liberation and freedom of human nature.
Although I have always been worried about robots taking away human jobs, this is just a possibility. From a human perspective, the winds often change the world order, and it doesn’t necessarily come from the central powers. For instance, Genghis Khan rose to power on the Mongolian plateau, the UK emerged from a small island on the fringes of Europe, and earlier still, the Qin dynasty rose from the Guanzhong region at the edge of the Central Plains.
What does this indicate? It indicates that humanity needs diversity. It is often difficult to predict what will drive humanity's next progress, while central empires often enter a steady state, as their structures have adapted after years of evolution; pulling one hair can move the whole body, making it difficult to correct.
This is why the United States is where it is today. Before Trump took office, I had some expectations for reform from these two individuals, but look at it now—chaos everywhere. Is there a stronger reformer than Trump in the US? I don’t think so. America’s fate is sealed, and the Roman Empire has begun its countdown.
China also suffers from many ailments, but the advantage of China is that its per capita income is still at a low point, with at least 3-5 times more room for development compared to developed countries. During this period, any problem will be offset by development.
Circle is indeed very profitable, but a price-to-earnings ratio of 145 times is too exaggerated.
First of all, its growth is quite average; in the last round, the market cap of stablecoins peaked at 54 billion, and this round has only reached 60 billion so far.
Secondly, it clearly loses market share to USDT.
Revenue may increase rapidly, but this mainly relies on the Federal Reserve's interest rate hikes; in the future, there will definitely be a scenario of rate cuts - which means Circle's future revenue will decline.
Around 1989, there was a wave of major changes in the world structure. The premise was that the United States raised interest rates to 20% and then lowered them continuously. Oil prices soared and then plummeted. During this period, the changes included:
1/ Eastern Europe changed dramatically
2/ The disintegration of the Soviet Union
3/ Brazil and Argentina turned to "democracy"
The aftermath was the Southeast Asian economic crisis in 1997.
China happened to be one of the few countries that held on, which shows that China still has a foundation and has not been completely conquered by Anglo-Saxon culture.
The "clear Yellow River" appears at Hukou Waterfall... The governance of the Yellow River is a major event for the Chinese central government in all dynasties. It can be said that it has been fighting with the Yellow River for thousands of years. The biggest challenge of the Yellow River is that it carries silt from the upper reaches. Of course, this is also the cause of the North China Plain. The problem is that this silt will accumulate in the river channel to form siltation (similar to cerebral thrombosis), and then the Yellow River often changes its course, the so-called dragon swinging its tail. The outlet of the Yellow River has never been fixed since ancient times. The northernmost one goes out from Tianjin, and the most difficult one is to "take the Huai River into the sea" from northern Jiangsu.
Every time the Yellow River changes its course, it will have a huge impact on the Central Plains, which is the so-called "Yellow River Flood Area".
To govern the Yellow River, the upper reaches must be governed in the end. Zhu Rongji instructed that year, and it has always been governed according to this model, which has greatly reduced the sand content of the Yellow River.
The water of the Yellow River is clear at Hukou Waterfall, which reflects that this government has found the root cause and has been working hard for decades.
The "clear Yellow River" appears at Hukou Waterfall... The governance of the Yellow River is a major event for the Chinese central government in all dynasties. It can be said that the government has been fighting with the Yellow River for thousands of years. The biggest challenge of the Yellow River is that it carries silt from the upper reaches. Of course, this is also the cause of the North China Plain. The problem is that this silt will accumulate in the river channel to form siltation (similar to cerebral thrombosis), and then the Yellow River often changes its course, the so-called dragon swinging its tail. The outlet of the Yellow River has never been fixed since ancient times. The northernmost one goes out from Tianjin, and the most difficult one is to "take the Huai River into the sea" from northern Jiangsu.
Every time the Yellow River changes its course, it will have a huge impact on the Central Plains, which is the so-called "Yellow River Flood Area".
To govern the Yellow River, the upper reaches must be governed in the end. Zhu Rongji instructed that year, and it has always been governed according to this model, which has greatly reduced the sand content of the Yellow River.
The clear water of the Yellow River at Hukou Waterfall reflects that this government has found the root cause and has been working hard for decades.
The "clear Yellow River" appears at Hukou Waterfall... The governance of the Yellow River is a major event for the Chinese central government in all dynasties. It can be said that the government has been fighting with the Yellow River since 2000. The biggest challenge of the Yellow River is that it carries silt from the upper reaches. Of course, this is also the cause of the North China Plain. The problem is that this silt will accumulate in the river channel to form siltation (similar to cerebral thrombosis), and then the Yellow River often changes its course, so-called the dragon swinging its tail. The outlet of the Yellow River has never been fixed since ancient times. The northernmost one goes out from Tianjin, and the most difficult one is to "take the Huai River into the sea" from northern Jiangsu.
Every time the Yellow River changes its course, it will have a huge impact on the Central Plains, which is the so-called "Yellow River Flood Area".
To govern the Yellow River, the upper reaches must be governed in the end. Zhu Rongji instructed that year, and it has been governed according to this model, which has greatly reduced the sand content of the Yellow River.
The water of the Yellow River is clear at Hukou Waterfall, which reflects that this government has found the root cause and has been working hard for decades.
Life faces countless choices, and you are essentially making judgments and selections on a decision tree continuously, where each of your choices will affect the options for the next step. This pattern continues, ultimately forming your entire life trajectory.
Everyone has different patterns and motivations for making choices, but it is necessary for each individual to clarify what is 'most important' to them. Then, when making choices, try to 'think five steps ahead', as this will greatly increase your chances of 'winning'.
The problem is that each of us often makes significant life choices in a state of confusion, going with the flow, or being controlled by emotions. This is often the biggest difference between average individuals and elites.
Innate talent determines the upper limit, while the ability to make choices determines how much you can achieve.
The first level of freedom is to do whatever you want, to act on impulse, such as smoking, drinking, and scrolling through Twitter.
The second level of freedom is to do whatever you want, but to engage in long-term rewarding yet difficult activities, such as exercising, reading, studying, building a personal brand, and making money. However, this requires suppressing the first level of freedom; for example, if you're scrolling through Twitter every day, how can you focus on reading and studying?
The third level of freedom is a further expansion of the second level, because by engaging in more long-term endeavors, your range of choices expands. For example, you can live in a nice house, travel abroad, and choose better partners...
The final level of freedom is to break away from external standards of choice and attain spiritual freedom; even if you have to clean the sewage every day @zhangtian186556, you can still enjoy it and be happy. 😂
Large countries have their advantages, and small countries have their advantages as well.
For example, if you used to be good at singing and dancing, you would be the star in your town, and everyone would invite you to dance at their celebrations.
Now, with platforms like TikTok, there are thousands of people who can dance, and your small talent can quickly be drowned in the ocean of competition.
Therefore, large countries have a vast market, high efficiency, and high income potential, but competition is also exceptionally fierce.
As a result, the distribution of wealth between China and the United States is almost identical.
Small countries, on the other hand, have low efficiency; they must have some necessary professions, but overall efficiency is relatively poor, making it easier to get by.
However, don't expect to get rich in a small country unless your family has a mine.