Dan Wang's annual letter - highly recommend! Hope to have him on Manifold soon😀 Some quotes: “Probably the most underrated part of the Chinese system is the ferocity of market competition. It’s excusable not to see that, given that the party espouses so much Marxism. I would argue that China embodies both greater capitalist competition and greater capitalist excess than America does today.” “I believe that Chinese technological success is now the rule rather than the exception.” “Beijing has been preparing for Cold War without eagerness for waging it, while the US wants to wage a Cold War without preparing for it.” “By failing to recognize China’s real strengths — the industrial ecosystems pulsating with process knowledge — the US is only cheating itself.” “China’s strength lies in a robust manufacturing ecosystem full of self-reinforcing parts.” “Chinese workers innovate every day on the factory floor.” “western elites keep holding on to a distinction between “innovation,” which is mostly the remit of the west, and “scaling,” which they accept that China can do. I want to dissolve that distinction.” “I’ll suggest only that the US ought to be acting with greater curiosity on how to do better. It doesn’t have to become China; but it should better study China’s successes.”