> number 4 [US not #1 soon] doesn't seem so certain.
Well, sure, nothing is certain, except that economists are often wrong. I listened recently to some 1998 academic conferences about economy and all the guys did boldly envision a slow steady growth for the next 25 years... Moreover, none of them did say a word about the East-West rebalancing, that is under everyone's pen these days. So let's not listen to them, sure.
But, still, I have the weird feeling that some people like pg and Fred Wilson have a kind of blind spot on China. It is sad because they could have more interesting things to say than economists.
Gosh, these two years money is raining over Beijing start-ups, VCs are praising founders to accept their money, every new things created in the US instantly generates tens of (shanzhai) Chinese copies. One can dismiss Chinese hot start-up temperature as artificial, ungrounded, or not fertile, or whatever, but I wouldn't understand how one could plainly ignore it.
Well, sure, nothing is certain, except that economists are often wrong. I listened recently to some 1998 academic conferences about economy and all the guys did boldly envision a slow steady growth for the next 25 years... Moreover, none of them did say a word about the East-West rebalancing, that is under everyone's pen these days. So let's not listen to them, sure.
But, still, I have the weird feeling that some people like pg and Fred Wilson have a kind of blind spot on China. It is sad because they could have more interesting things to say than economists.
Gosh, these two years money is raining over Beijing start-ups, VCs are praising founders to accept their money, every new things created in the US instantly generates tens of (shanzhai) Chinese copies. One can dismiss Chinese hot start-up temperature as artificial, ungrounded, or not fertile, or whatever, but I wouldn't understand how one could plainly ignore it.