| Wealth that Cannot be Stolen Chinese insurance companies are bringing diagnostic tools powered by artificial intelligence (AI) to tiny Chinese medical clinics around the country, setting up same-day appointments with medical specialists in a country in which previously many people went a lifetime without ever meeting a real doctor. Furthermore, the Chinese internet and social media companies combine every offering of Facebook, Google, Amazon, Spotify, and more and do all of them better. Are these conceivably the fruits of Communism? American politicians love to accuse China of stealing our technology. They attribute Chinese economic growth not to the growth of freedom but the rewards of larceny. As upholders of capitalist morality, they should know that in the hands of a thief all gold turns to lead, all diamonds revert to the coal from which they came. Technological leadership is not a static thing to be stolen and hoarded. Innovation can never be completed — or the innovators allowed to rest on their laurels — for the same reason innovation can never be planned: It always comes as a surprise. The Chinese have surely benefited from the explosion of learning in the capitalist world sparked by the invention of the transistor at Bell Labs in 1947. Yet all the crucial advances flowing from that moment have been thoroughly documented in prestigious journals and textbooks, debated in industry conferences open to the world, and pitched by sales forces whose job is not to conceal technological advances but to reveal their wonders. That interchange of ideas — and the furious competition it powered — was not a threat to American prosperity but it's very source. Now come the Chinese, suddenly more free than anyone of my generation ever expected. And because they are more free, because Capitalism (and Christianity) are on the rise in China and Communism in any genuine sense in general retreat, the Chinese have become powerful competitors — and great innovators. And as innovators the Chinese are a blessing to America, challenging American companies is to adopt Chinese innovations and surpass them. This sudden, astounding change in the plot of the story — China free and rich, rather than poor, enslaved, and angry is a blessing almost beyond imagining. China enriched will enrich America and the world. Should we regret how much China has changed in three decades, or pray that the change continues? I'm in China right now looking for investment opportunities — and innovations American companies can learn from. I'll have lots of news for this space and detailed reports on the best companies I find in The George Gilder Report. Click here so you don't miss these exciting developments in my flagship newsletter. Regards, 
George Gilder
Editor, Gilder's Daily Prophecy P.S. Speaking of "grasping headlines," these days, it seems the regular investor doesn't stand a chance in the market. Machines are involved and if you don't have a way to track their activity it's seemingly impossible to make any money. My colleague James Altucher recently found a way to exploit these types of machines and made a video to show you the results. Check out the video by clicking here. | 
Dear Daily Prophecy Reader,
To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, 
Tidak ada komentar:
Posting Komentar