Why Apple Is Trash? Because Apple has demonstrated a moral bankruptcy in its behaviour. In the west, it is pro-LGBTQI, pro-security, pro-freedom etc. However its conduct elsewhere shows that it supports and strives to please authoritarian regimes.
The Information on Apple in China, Apple’s Deal, Evaluating Apple’s China Risk – Stratechery by Ben Thompson – This analysis of what Apple did is, of course, distinct from the question of whether or not it was right. That is certainly something worth debating, but I suspect it is more of an academic question here in 2021. The time for Apple to decide whether to start the process of decoupling itself from China was when this deal was made; the company decided to go in the opposite direction — deepening its dependence in the process — and I don’t see it reversing anytime soon. The fact of the matter is that Apple isn’t simply the preeminent example of China’s manufacturing prowess – Apple Is Trash.
Is Britain entering an age of aggravation? – The Face – “My own, lefty inclination is that this is what happens when you continue to grind people up against each other in an increasingly competitive society. That years of austerity rule and a “fuck off” discourse are really starting to show”
Do AI-Powered Mutual Funds Perform Better? – ScienceDirect – AI-powered mutual funds significantly outperform their human-managed peers. AI-powered mutual funds show superior stock selection capability and lower turnover ratios to humans. – index trackers still important
The Amazon Empire Strikes Back – Stratechery by Ben Thompson – For years, Amazon has been quietly chartering private cargo ships, making its own containers, and leasing planes to better control the complicated shipping journey of an online order. Now, as many retailers panic over supply chain chaos, Amazon’s costly early moves are helping it avoid the long wait times for available dock space and workers at the country’s busiest ports of Long Beach and Los Angeles… By chartering private cargo vessels to carry its goods, Amazon can control where its goods go, avoiding the most congested ports. Still, Amazon has seen a 14% rise in out-of-stock items and an average price increase of 25% since January 2021, according to e-commerce management platform CommerceIQ… Amazon has been on a spending spree to control as much of the shipping process as possible. It spent more than $61 billion on shipping in 2020, up from just under $38 billion in 2019. Now, Amazon is shipping 72% of its own packages, up from less than 47% in 2019 according to SJ Consulting Group. It’s even taking control at the first step of the shipping journey by making its own 53-foot cargo containers in China. Containers are in short supply, with long wait times and prices surging from less than $2,000 before the pandemic to $20,000 today.
I was sent a copy of Freedom as a gift, so I tried to come at the book with an open mind. I wrestled with a number of things reading book, which will come out a bit later on.
Is Freedom any good?
Early on this was a question that I was asking myself. Freedom clearly wasn’t a book with someone like me in mind. I have read a number of the China and Hong Kong books out there, kept up with the latest thinking and for a time lived in the city.
I could see that the book might be written for others as a primer. It is a swift tour through Mr Law’s own story, the resurgent nature of China across as an authoritarian state. China’s power projection beyond its borders and the nature of authoritarianism in general. He also tells the story from his perspective of the Hong Kong protests.
The reality is that in this ambition for Freedom, Law and Fowler have squeezed the territory of at least half a dozen books into one slim paperback.
Mr Law’s own story
Mr Law’s own story mirrors that of previous generations of Hong Kongers. His father escaped from the mainland and brought his wife and son across. The honesty of Mr Law’s story comes through his own admission of how few memories he had of life before Hong Kong. His concern about China at this time is more from the life of his parents. He only really remembers the sun on his back and hugging his Mum on her bicycle. He relies on the struggle of his parents in China, during and after the cultural revolution to tell the story of an authoritarian state.
Hong Kong like Shenzhen is a city of immigrants. Chinese people from Guangdong, Fujian and Shanghai have moved to the city over the decades in waves. As an immigrant child Mr Law is an everyman Hong Konger.
Two other aspects of Law’s story struck me. The first was the honesty with which he talked about not wanting to engage with the 2019 protests at first as he was going to Yale on a full scholarship.
The second was the way he talked about the horror of a custodial sentence. I have no desire to go to jail, but about a third of the UK population has a criminal record. It isn’t quite the ‘mark of Cain’ that it seems to be in Hong Kong. That says a lot about the kind of society that Hong Kong is.
The nature of China
I think other people have done a better job of talking about the nature of the Chinese government, in particular its approach to governance and foreign policy. Mr Law just can’t cover the ground needed in Freedom, he doesn’t have the space. I will include a list of recommended material on China at the end of this post.
The Hong Kong protests
The main thing that struck me about Mr Law’s account of the Hong Kong protests is a sense of restraint in the telling. He pulls his punches and allows the reader to draw their own conclusions, or do their own research. This is especially apparent with Mr Law’s description of the Yuen Long incident.
If you want the general gist of the Yuen Long incident, there was a good documentary that the Hong Kong government clamped down on called 7.21 Who Owns the Truth? produced by Yuk-Ling ‘Bao’ Choy
Tone of voice
I was trying to put my finger on the tone of voice in Freedom. What did it remind me of? Eventually I realised that it reminded me of the kind of content I had read previously by the likes of think tanks like Demos during the New Labour era. So far the Hong Kong protestors have managed to engage and activate right of centre politicians across Europe, the US and the UK. But more progressive voices aren’t engaging with the situation in Hong Kong. I took this book as an attempt to reach out to the wonks in this camp. Activists like Mr Law would need to create receptivity in the the people who work for progressive politicians before they can engage with the politicians themselves.
Hence the primer approach, so that these people would delve further into China. You can find out more about Freedom by Nathan Law with Evan Fowler here.
China’s ‘Lipstick Brother’ Livestream Has Record $2 Billion Day – BNN Bloomberg – Beauty livestreamer Li Jiaqi aka Lipstick Brother sold $1.9 billion worth of products in one twelve hour show on Taobao. That’s slightly less than the total sales from all four Selfridges stores during 2019. Lipstick Brother is one of a number of live-streaming sales stars like Mr Bags aka Tao Liang. There are clear parallels between Lipstick Brother and informercial stars on US shopping TV. The reason why live-streaming commerce happened was because of the historic iron grip that the Chinese government has held on TV station. This drove audiences online because the content was that bad and there wasn’t a QVC analogue for the likes of Lipstick Brother to appear on. The key difference is in the breadth of products that Lipstick Brother and his peers sell, Lipstick Brother and Mr Bags work with topline luxury brands in their respective categories rather than mid-market brands. It is interesting that Lipstick Brother has managed to survive the communist party’s purge from public life of sissy men across off-line and online media.
China cuts finance pledge to Africa amid growing debt concerns | Financial Times – Chidi Odinkalu, senior manager for Africa at the Open Society Foundations, said the reduced financial pledge showed that Beijing no longer had to try so hard in Africa. “China’s strategic objective was to get a foot in the door. Now that it’s in the door, it can choose to dictate the terms,” he said. He criticised some African governments for relying too heavily on loans from Beijing. “The volume of credit that some of them have binged on makes them dependent beyond any sensible notion of sovereignty,” he said.
South Korean presidential hopeful plays down reunification with north | Financial Times – South Korean ruling party’s candidate for president has downplayed the prospect of the future reunification of the Korean peninsula, as the country’s voters tire of decades of fruitless diplomacy with the North. Lee Jae-myung of the progressive Democratic party, whose manifesto includes a commitment to “seek unification through peaceful measures”, told reporters on Thursday that competition between the two Koreas in terms of ideology and efforts to prove the superiority of each system “has no meaning” and did not offer the prospect of “real gains any more” – potentially a big move from the Moon regime position, also probably linked to a more hawkish position on China
Macau casinos gamble on relations with Beijing | Financial Times – casinos increase the shareholdings held by Macau permanent residents. A speedy public consultation has ended and business is waiting for the final law to be put to the legislature, a process that is also expected to determine how many of the casinos have their licences renewed, and for how long. The situation is particularly troubling for the three Macau casino groups that are largely US-owned: Las Vegas Sands, founded by the late Sheldon Adelson, MGM and Wynn operate nine resorts in Macau, and their local subsidiaries are listed in Hong Kong. Local operators Galaxy Entertainment, the late Stanley Ho’s SJM Holdings and Melco, which is dual-listed in the US and Hong Kong, also hold concessions – guessing that this adds pressure on gaming operators to try and put pressure on the US government rather like Wall Street does for China
TVs TV was nighttime TV programming on Japanese TV. Like in the west, some of the most innovative cutting edge visual graphics and cult programming was broadcast on these night time slots from the 1980s through to the late 1990s. TVs TV blends video graphics with b-roll video and specially commissioned footage. You can find more Japan related content here.
Indigo Gaming
YouTube channel Indigo Gaming have managed to successfully complete their three part documentary series on cyberpunk culture.
Part one covered the origins of cyberpunk in the 1980s including Neuromancer, Blade Runner, RoboCop, Akira and Shadowrun.
Part two covers the late 1980s and early 1990s including Ghost in the Shell, Shadowrun, Total Recall and the Blade Runner Game.
Part three went into the 1990s with The Matrix, System Shock, Snow Crash, Hackers, VR & Simulation Theory.
Its an epic bit of documentary making covering books, comics movies and games with a cyberpunk theme. It is well worth sitting down and watching all three episodes to date.
Finally, it is worthwhile comparing it with the Cyberpunk documentary by Marianne Trench interviewing hackers and authors back in 1990.
Outdoor gear design
While football casuals and mountain girls made outdoor wear fashionable before Virgil Abloh and Palace made Arc’teryx trendy – Dana Gleason goes back to the origin of outdoor gear. The modern industry came out of the end of the second world war. He was in the industry back when it was run by hippie mountain climbers. He saw the industry tap into globalisation with production offshored to Taiwan in the late 1970s and early 1980s.
He also explains how a massive brand consolidation happened. The story involves Taiwanese generals, federal crimes and his own approach to design. Gleason now designs Mystery Ranch, which sells packs to trendsetters in Japan and around the world. I’ve had one of his Mystery Ranch packs for the past 12 years and its as good as when I got it.
TV glyphs of the USSR
Someone had found a demo reel of CGI for broadcast IDs made towards the end of the Soviet Union. It is impressive for its creativity.
Adult entertainment economics
The music industry was disrupted by the move to digital downloads and streaming online. With artists seeing severe revenue decline. The same seems to be the case in the adult entertainment industry with the rise of tube sites and the move away from physical media. Performers had an 85 percent reduction in their rate of pay.
Saab 900
A couple of films caught my eye celebrating the Saab 900. There is now enough distance between Saab’s collapse under GM to view the Saab 900 as the innovative car that it was.
The Saab 900 changed ergonomics, safety, driving performance and design in a way that is probably comparable to Tesla today in terms of its influence. It was the template for what Audi is today.
Big Car do a really good history of the Saab 900 that has a more serious tone to it.
The Incal
The Incal is the latest comic that is being adapted for streaming services. It is an epic work as a comic, here’s a 20 minute explanation of it. You may not have read the comics, but will have likely seen films that have been heavily influenced by it.
Luxury Stores Across the US Hit By Mass Heists in the Same Week – Robb Report – this sounds like a classic example of steaming. Steaming is a British phrase describing the phenomenon of shoplifting, when a large group of (usually youths) enter a store en masse and engage in shoplifting. Steaming puts a strain on shop security, it often causes panic in the store and creates so many suspects for the police to chase down. For the shoplifters steaming reduces the individual risk of getting caught. In large department stores, steaming becomes easier because of the number of exits. There are usually enough people involved to push past hastily set up security checkpoints during steaming. Young people are particularly attracted to steaming for a couple of reasons:
Low risk, high reward
Low impact of criminal penalties for many depending on their age
Peer pressure from other older members organising the steaming group
When I was in secondary school, we had a trip to Paris. A good number of peers one day engaged in steaming. They managed to make off to a large amount of Lacoste and Sergio Tachini sports clothing which was popular in Merseyside at the time. Steaming was also a central part of football casual culture. Much of the sportswear back in the 1980s were fenced goods. Criminal gangs followed European football games and practiced steaming in the lead up to a match at major department stores across France, Spain and Italy. The items were then sold on to groups of football fans back home through informal networks. What surprised me about this group doing the steaming was the nature of their crime. They were steaming boutiques, which have less entrances and exits than department stores. Boutiques often have queues of people to get in and security on the doors that would be bad for practicing steaming.
So what went wrong with store security to prevent steaming? Has steaming been facilitated by a cut back in security for cost cutting purposes? If so, will insurance companies honour losses incurred through these steaming attacks?
Beauty
Prestige beauty: Inside Unilever’s growth engine | Vogue Business – Dana Kreutzer, project lead for beauty and personal care at US research firm Kline, says the acquisition “demonstrates the company’s focus on expanding its portfolio to include more digitally-led brands and clinical-grade skin care, which is a fast-moving segment in the skincare space”.
Opinion | We Spent a Year Investigating What the Chinese Army Is Buying. Here’s What We Learned. – POLITICO – the Chinese military is “intelligentizing” warfare by purchasing AI systems for all manner of applications, including autonomous vehicles, intelligence analysis, decision support, electronic warfare and cyber operations. At the same time, we found reason to be skeptical of the most ominous predictions about China’s efforts to fully automate warfare through “doomsday”-like weapons. Perhaps most importantly for U.S. policymakers, our investigation into the PLA’s buying habits shows how Chinese progress in military AI is being driven, in part, by access to American technology and capital. Our report highlights the critical role U.S. companies play in supplying China with data, software and funding. This points to serious shortcomings in the U.S. export control system, which wasn’t built to screen the high volume of technology transfer and capital flows into China, and which struggles to distinguish between military and civilian purchasers. Even as the United States attempts to decouple supply chains from China when it comes to American goods, it also needs to consider new strategies to prevent American know-how from inadvertently powering China’s technological advancements
In the Russian Arctic, China treads on thinning ice | China Dialogues – In order to reach its goal of becoming a ‘polar great power’ China will need to lessen its dependence on Russian support and expand its economic and political ties with other Arctic states. This may present Arctic states with an opportunity to set limits on China’s regional influence, but the benefits of any such limitation must be measured against the importance of giving China a stake in the fight against climate change. In the traditionally calm waters of the Arctic, China’s ‘Arctic Policy White Paper’ made much of a splash when it was first released in 2018. The paper showed, as was argued at the time by politicians and pundits, that Beijing would seek to establish itself as a new Arctic power, and in the process deprive the eight Arctic states of their control over the region’s abundant natural resources
Solomon Islands PM Manasseh Sogavare faces calls to resign over China diplomatic ties | South China Morning Post – The protest began peacefully, but schools and businesses were shut by the afternoon as crowds tried to enter parliament demanding PM Manasseh Sogavare step down. Protesters were angry about lack of promised development and the Solomons government’s 2019 decision to cut ties with Taiwan and establish a formal relationship with China – the big question is what will China do to keep Sogavare or his party in power and maintain the status quo?
Secret Chinese Port Project in Persian Gulf Rattles U.S. Relations With U.A.E. – WSJ – U.S. intelligence agencies learned this spring that China was secretly building what they suspected was a military facility at a port in the United Arab Emirates, one of the U.S.’s closest Mideast allies, according to people familiar with the matter
Is the China-Europe Express becoming a political weapon in the hands of China? | RailFreight.com – China launched the Belt and Road initiative with the purpose to enhance Eurasian transport links. It includes Chinese cities, transit countries through Asia and European destinations. Understandably, such a vast investment from the Chinese side, including involvement in other countries’ economies, could constitute a political and economic hazard. Maja Bakran Marcich, the Deputy Director-General for Mobility and Transport at the European Commission, had warned some months ago that good synergies between Europe and China should be characterised by mutual respect and control over the power relations.
It seems that when Marcich was saying that, she had a similar situation in mind. The New Silk Road is a crucial and fast-developing part of the global supply chain, putting rail freight at the forefront of transportation. However, it looks like it has the possibility of becoming a dangerous card on the table of diplomatic and political games. Should China have the liberty of just cancelling Eurasian train services in the name of political disputes? And shouldn’t the New Silk Road focus only on transportation purposes?
Chinese doctors query Beijing’s Covid contact tracing policy | Financial Times – the way that the Chinese government is going about it fits in with the concept of struggle in Stalinist thought. That the struggle is not only done but seen to be done. The doctors challenge therefore represents a much more profound dissonant voice against the CPC than the content in the article suggests. For this reason alone, they’ll likely spend some time down at the local public security office sitting in a tiger chair and agreeing to sign a document apologising. They will also have earned a huge black mark on their credit score at the very least.
Kevin Rudd: “China views the UK as weaker after Brexit” – New Statesman – three core ideological undercurrents that form Beijing’s economic and foreign policy. First, China’s domineering relationship with its neighbours is shaped by its perception that it sits atop a regional hierarchy rooted in its imperial past. Second, the Chinese Communist Party’s Marxist-Leninism results in the dual conclusions that China’s time has come and the struggle between reactionary and progressive forces places China in opposition to the United States. The third undercurrent is national reunification with Taiwan – what Rudd describes as the central organising principle of China’s plans for East Asia first and then globally. Hence China’s work in the Antarctic and inserting itself as an Artic power without any semblance of claims.
China Is Jihadis’ New Target – In early October, an Islamic State-Khorasan bomber killed nearly 50 people at a mosque in Kunduz, Afghanistan. That the militant group claimed responsibility for the attack wasn’t surprising, but, in a worrying new twist for Beijing, it also decided to link the massacre to China: The group said that the bomber was Uyghur and that the attack was aimed at punishing the Taliban for their close cooperation with China despite its actions against Uyghurs in Xinjiang. China was long seen as a secondary target by international terrorist organizations. Groups like al Qaeda and the Islamic State were so focused on targeting the United States, the West more generally, or their local adversaries that they rarely raised their weapons toward China, even though they may have wanted to due to, for example, China’s mistreatment of Uyghur Muslims. But in Kunduz, this narrative was brought brutally to a close. China can now consider itself a clear target. – probably more worrying for China is the risk that this kind of action will pose to them in other geographies like the Middle East and Africa and along the parts of the belt and road that go through restive muslim majority regions of the former Soviet Union
Why Is Gen Z Acting Like Boomers Right Now? – Gen Z’s frantic, chain email-flavored TikToks prove naivety and gullibility is ageless. Not surprising given the younger cohorts in the resistor segment of COVID regulation compliance that research by Kings College London found last year.
Chinese parents find new ways to give their children an edge | Financial Times – parents have been seeking new ways to give their children an edge in the cut-throat university entrance examinations. Instead of signing up for foreign language classes, barred by the regulations, parents instead opt for non-core curriculum subjects like art, which are taught in English, says Ekaterina Kologrivaya, co-founder of Edtech Expand, a Beijing-based consulting start-up. Many of the large tutoring companies have closed their physical classrooms, transferring online to save costs. But Beijing barred local firms from hiring tutors located overseas, driving up demand for the depleted number of foreign teachers in China, unable to get into the country due to strict border controls. This has pushed up the prices of classes taught by foreigners, including debate classes, another crafty way for students to master prized English skills while abiding by the new rules
Is China’s catch-up growth over? – by Noah Smith – Noahpinion – But all things come to an end. Every other spurt of rapid development has eventually slowed to the stately pace of a mature economy. There are basically two reasons this happens. First, as you build more physical capital — more buildings, roads, railways, machine tools, vehicles — the added output of each new piece of capital goes down, while the upkeep costs just keep rising. This is the basis of the famous Solow growth model, and we’ve seen this happen again and again to fast-developing countries. The second reason rapid growth peters out is that it’s easier to copy existing technologies from other countries than to invent new ones yourself. The real question is when this slowdown happens. Japan’s history provides an interesting example here. Here’s a graph of Japan’s income per capita (at purchasing power parity) as a fraction of America’s: You can see that Japan’s catch-up (at least, post-WW2) really happened in two phases. There was rapid catch-up until the early 1970s, then a few years where catch-up paused, then a resumption of catch-up at a slower pace for about 15 more years. After the bursting of the country’s famous land bubble, its economy actually lost ground to the U.S. (rapid population aging was also a big part of this), and settled in at around 75% of U.S. levels (fairly standard for a medium-sized developed country). Economists have found that this pattern is very typical. In a pair of famous papers in 2012 and 2013, Barry Eichengreen, Donghyun Park and Kwanho Shin found that fast-growing countries tend to slow down when they reach a certain income level – peak China
Finance
The ‘Tesla-financial complex’: how carmaker gained influence over the markets | Financial Times – the real importance and wider footprint of what might be called the “Tesla-financial complex” far outstrips the company’s market capitalisation. This is thanks to a vast, tangled web of dependent investment vehicles, corporate emulators and an enormous associated derivatives market of unparalleled breadth, depth and hyperactivity. Combined, these factors mean Tesla’s influence over the ebb and flow of the stock market is far greater than even its size would imply. It may even be historically unrivalled in its wider impact, some analysts say – is there a market squeeze opportunity? The parallels with Porsche in this regard are striking
Close Reading of the QAnon Shaman’s Conspiracy Manifesto ‹ Literary Hub – the legitimate skepticism inspired by historical events like the assassination of JFK (and the Warren report’s open-and-shut verdict on it) has mutated into a toxic skepticism that is not only hostile to government institutions but has turned on gatekeepers like the press, scientists, and medical authorities, provoking an epistemological duel to the death over facts and alt-facts, truth and truthiness. The effect of these attacks and counterattacks is “mutually assured disqualification,” Bratich argued, in a 2017 lecture, punning on the Cold War doctrine of Mutually Assured Destruction. And the effect of that is what could be called epistemological vertigo—the pervasive sense of not knowing how to sort fact from falsehood; of being unmoored from the truth. It’s what makes so many grab onto the reassuringly black-and-white theology of conspiracism. And it is a theology, Manichean in its cosmic struggle between good and evil, apocalyptic in its conviction that we’re living in the end times. “There is a war on humanity, there is a war on religion, there is a war on human assembly,” said Naomi Wolf, on Fox News Primetime. “Big Tech wants to drive everyone indoors and dissolve the bonds between people.” – interesting, though the writer shows their own belief in conspiracy theories
Carbon Counter/EVs: cleaner electricity makes a big difference to emissions | Financial Times – In the UK, US and Germany such vehicles offer large emission reductions of 76 per cent, 60 per cent and 49 per cent respectively when run on the typical mix of power sources in mains electricity. Germany’s poor performance reflects its exposure to dirty lignite and coal as fuels. Hydroelectric-dependent countries such as Norway do strikingly better. However, a much smaller reduction in emissions occurs in China, at less than a fifth. China has the biggest market for plug-in cars. Fully electric vehicles accounted for 9 per cent of its entire market in the first half of this year, more than double the figure for 2019. Every year it adds more solar power capacity than any other nation. But as of November 2020, two-thirds of China’s electricity came from coal-fired generation, says the IEA. China’s huge appetite for coal means it plans to add almost a fifth to its coal-powered generation capacity of more than 1,000GW.
Disney CEO: We’re Ready for a Metaverse Future – The Hollywood Reporter – “Our efforts to date are merely a prologue to a time when we’ll be able to connect the physical and digital worlds even more closely, allowing for storytelling without boundaries in our own Disney metaverse, and we look forward to creating unparalleled opportunities for consumers to experience everything Disney has to offer across our products and platforms, wherever the consumer may be.”
