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A Grim Forecast There are a lot of comments on Sam's post earlier about China and India, but Gerald Hibbs has some cold water to splash on the Chinese' problem, that I thought I'd move up to post level: Right, every inch of China is covered with them growing something. Terraced hillsides are standard. As we whisk by on the train you can see them farming the way their grandparents did. Often you see the cliff dotted with caves. What are those? They live there. It is fascinating to watch and incredibly sad. Fortunately, some kind of singularity-like event is likely to bail them (and the rest of us) out. Unfortunately, given the history of technological solutions, it will bring new problems of its own. The future is likely to be (in the words of the ancient Chinese curse) interesting times. Posted by Rand Simberg at August 30, 2007 02:31 PMTrackBack URL for this entry:
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And add this: Posted by Toast_n_Tea at August 30, 2007 06:03 PMCan you be serious, Rand? Singularity-like event? Posted by mz at August 30, 2007 06:43 PMIn the Chinese usage of kanji, isn't the symbol for opportunity and trouble the same? Or is that just a stupid Occidental myth? Posted by Steve at August 30, 2007 07:00 PMIn the Chinese usage of kanji... If I'm right that kanji is Japanese then the Chinese usage would include curses. Posted by D Anghelone at August 30, 2007 07:24 PMKanji is used by both the Chinese and the Japanese - though slightly differently. The kanji for crisis is a combination of the kanji for danger and oportunity - I believe that is the one you were looking for... Posted by David Summers at August 30, 2007 07:35 PMCan I go back to waiting for the regular Rapture? the thought of spending an eternity as a piece of software has lost its luster... Posted by bchan at August 30, 2007 09:34 PMThe "interesting times" quote was actually coined by Robert Kennedy. But yes, a massive civil war will likely make things interesting. Another chinese proverb is "It's better to be a dog in a peaceful time than be a man in a chaotic period". Posted by Adrasteia at August 30, 2007 10:50 PMCan I go back to waiting for the regular Rapture? the thought of spending an eternity as a piece of software has lost its luster... Heh. There's an intellectual somewhere who dubbed the Singularity "Rapture for geeks". My doctor told me about his trip to China last year. He was amazed to see construction cranes everywhere as new buildings were built. However, he said that it seemed no one was buying the recently finished buildings. So, to cover the construction loans for the empty buildings, Chinese banks gave new loans that were also used to continue construction. All of this is counted in China's booming GDP figures. If his assessment is correct, then it sounds like the Chinese banking industry is financing a house of cards. The inevitable correction will be devastating to the Chinese economy and the effects will be felt worldwide. Posted by Larry J at August 31, 2007 06:38 AMBah! A systemic banking crisis is nothing a trillion dollars of US treasuries can't fix. Another problem is that Chinese banks seem to have also been buying subprime mortgage backed securities. Lots of them. Posted by Adrasteia at August 31, 2007 08:06 AMIf China uses its massive productive capacity to build something other than buildings, I wonder what it will be. Posted by Sam Dinkin at August 31, 2007 10:22 AMbchan: That of course depends on what your religion is, if any, and how strong your faith is in it. I remember reading a little story (probably fictional) about a couple of Russian generals in the 1990s reminiscing about their days in WWII, during which one said "Tovarisch, it is a bad thing, getting old." To which the other replied, "It beats not doing so." Eternity as a piece of software is a damn sight better than nonexistence. Posted by Fletcher Christian at August 31, 2007 10:55 AMPost a comment |