Beating the West seems to have quite a negative connotation. Why not just be happy that the rest of the world is catching up and that wealth differences are hopefully shrinking?
Doesn't that just mean multiple superpowers? Do you think co-operation on topics such as global warming will increase, or decrease, with such competition?
Inequality and power imbalances are not great in any kind of relationship. Same goes for international relationships.
Shit, the reason we didn't end up in global thermonuclear war is because the USSR and USA were roughly equal in their ability to render sterile large parts of the world. MAD was the ultimate equality in the darkest Strangelovian way.
Look at how Russia has acted since it stopped being a superpower. It's far more unpredictable, but at a regional level not global. They can't really do global anymore.
Does it matter? Unless you are suggesting that we should actively try to maintain a wealth differential across the globe, it will just be what it will be. And I do not think that a single factor will be deciding, there will be most likely various ways to shape all kinds of policies.
Given that around 2-3rds of the S&P500 companies’ revenues comes from outside the US, I think it is a significant change in at least the world view of investing, besides it being about the reduction of “hegemony” and concentration of wealth/income in the US.
As an American living in Vietnam I use a number of these apps, particularly Shopee, Grab, Zalo. Also used Naver a lot when I lived in Seoul. Except for Grab, which is a legit super app, I'd rather use American tech because it's just better. Tech talent in these markets is lacking and they're all chasing the examples already set by big US tech rather than innovating their own stuff.
Doesn't mention that Vietnam requires registration to use the app including linking it to a cell number that is registered with a passport or Vietnam ID.
We should all applaud entrepreneurs building productive businesses and contributing to the world's economy. Not sure how or why it is beneficial to frame everything through identity politics, national origin or even regional rivalry. This domain frequently has an axe to grind.
Binance is indeed crushing it in the crypto market, by shrewdly positioning fraud not as a mere consequence of crypto, but as a direct goal of the business model!
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Doesn't that just mean multiple superpowers? Do you think co-operation on topics such as global warming will increase, or decrease, with such competition?
Shit, the reason we didn't end up in global thermonuclear war is because the USSR and USA were roughly equal in their ability to render sterile large parts of the world. MAD was the ultimate equality in the darkest Strangelovian way.
Look at how Russia has acted since it stopped being a superpower. It's far more unpredictable, but at a regional level not global. They can't really do global anymore.
Doesn't mention that Vietnam requires registration to use the app including linking it to a cell number that is registered with a passport or Vietnam ID.
In many situations it’s not really even competition as it’s not like PayPal is trying to make inroads to MPesa’s market in Kenya.
It's almost like gaming, where everyone is playing ToTK until the next AAA title comes along, and the previous one quickly becomes history.
Ah yes: platforms, apps & games. Many similarities. :-)