Keyu Jin
👤 SpeakerAppearances Over Time
Podcast Appearances
That's certainly the Chinese society now.
That was not the case before.
I think it's a spectrum, right?
And Europe is somewhere in between, I'd say.
But Europe also is not as technologically innovative as the US.
But on a social level, there is more social protection for the people.
There is a...
stronger sense of community, I'd argue.
It's not perfect.
Ultimately, it is a choice.
And this is what I think that China has to decide, right?
Do you want technological supremacy and radical breakthroughs?
Well, yes, if you do, then you have to tolerate that there are going to be some people who are going to be
just going to be uncomfortably rich, right?
Like in the United States.
You can't say that you detest the financial system for its greed, but then not accept the fact that it is what fuels innovation, right?
Risky capital fuels uncertain investments, which allows for countries like the United States to be making these breakthroughs.
That's what China wants.
But at the same time, China can't tolerate these extremely rich people around and the power that is accrued to them.
They want to...