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Keyu Jin

👤 Person
1055 total appearances

Appearances Over Time

Podcast Appearances

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

And even though it's imperfect, it's highly imperfect, standardized testing, all this competition, all of the hours and the tutorials to studying for standardized exams.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

Well, that is a very realistic scenario in China because there's that many people.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

You know, when I was growing up in school, we had 60 people per class and there were 10 classes in one grade.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

Now, imagine that many people applying for colleges in the American way.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

How many essays would have been written and need to be scrutinized?

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

But also, that gives room for total corruption, if you know what I mean, just connection-based.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

And actually, to standardize exams as imperfect as it is to select talent is still by and large fair.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

Right.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

And that's how that whole generation of entrepreneurs, bureaucrats, government officials were selected.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

You look at the Chinese premiers, the presidents of the past, they all went to great schools.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

A lot of them were engineers.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

And same thing for civil servants.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

It has changed somewhat.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

The meritocracy, I think, is eroding in China.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

I'm worried about that.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

Because it is fine that you get into a good university based on your own merit, but finding a job now becomes much less meritocratic.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

People with connections get jobs more easily than others.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

Of course, this is not just a unique Chinese phenomenon.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

It's actually everywhere.

Lex Fridman Podcast
#477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

But