Oh bull, they have no ethics or morals and they are not that great at business, in fact bankruptcy heaven in China. CCP will shut it down so a ethnic Chinese Han owned company that is lockstep with the chinese royal family can take over the EV space. They steal. Hey don't take my word for it ask Ma. Ask the Uigers, ask Tibetians. Ask anyone that is out of lockstep. When lockstep requires a Chinese leader EV company Tesla is f'd in China. Just like google, or dupont, or Bell or any other company. To be clear, this post is meant to reflect badly on the CCP. Lots of good friends from China. CCP is running concentration camps...enough said in my book.
None of this negates the virtue of science understanding by leaders. That vacancy is bad for leaders in business and government, as well as for followers. Who do we hail here? Some of the founders were contributors to science of their day, notably Franklyn, Jefferson in agronomy and architecture. I would ad a plus for the arts, too. Jefferson was learning his 11th language at the end—Italian. Lincoln at end was constantly searching the Bible and Shakespeare for understanding. It is not enough to cleanse your soul of evil by saying others do it. Your choice is virtue, it may not be rewarded but the truly virtuous don't need it. Think doctors and nurses. Think MLK, Jr.
JFK assembled a gaggle of US Nobel laureates at the White House one evening and said in greeting. "There has never been such a concentration of intellect here than perhaps Jefferson alone." Cream used to float to the top.
We could learn a lot from Korea. Let's play octopus. (They learn a lot from each other.) I'm a bit more nationalistic than others, I want us to be better in all categories. What is the Biblical phrase here, something about motes and beams? The only quote from Goethe in my limited knowledge goes something like this (sic in advance). "If you take man as he is, you make him worse. If you treat him as he should be, you elevate him to what he can be." Watch Biden's approach. He may fail, but he's persistent, and it's time for angels, because we're really in a mess.
What does this have to do with investing? We are not competing with China's imprisonment en masse, but we do have a higher per capita incarceration than any country for non-political crimes.
Focus. Why is Tesla Shanghai producing better made cars? That burn's my ass as a US nationalist and I'm sure,Tesla management is doing what it can. Speaking about learning from others, how about from ourselves? Are we too ill-disciplined? Do we lack pride in work? Are reward systems screwed up? Yada yada A fellow named Adam Smith wrote a book about labor here. He quoted a working man at a bar. "Why should I bust my ass for them; I won't even bust my ass for myself." Mea Culpa. The idea of opening a business for myself has always been terrifying. Investing is much easier.
