Why there aren't many innovators in China
joezhou.posterous.com
joezhou.posterous.com
This doesn't lead to a very entrepreneurial culture, although there are many who will still try to start their own business. Then you start to hit the barriers discussed in the article. Another barrier you can hit is that if you start to become successful, the government will appoint a party member to your management. Further, if you are in certain fields, the government erects tax and regulatory obstacles that will create an advantage for state-owned enterprises.
It's unfortunate... there are enough in the under-35 age group, who might actually break out of the old culture and innovate. They face a lot of obstacles and that will be bad for China's long-term outlook.
I've tried hard to think of recent Chinese tech inventions that are truly new, and not a ripoff of a popular existing product, and could never come up with any, until just recently. I bought one of these "Air Fly Mouse" http://www.airflymouse.com/ and it works as advertised! Here's to more innovation coming from China.
But China in general doesn't do different or new or innovative. They do better at the same thing, where better usually means cheaper, but not always. If they can't compete in that way, then they just try to get the government to crush any non-Chinese competition.
Well, in a broad sense. Government censorship and government granted monopolies go together naturally.
"Actually a more common practice is that VCs would have take one of the pitches he really likes and just hire a bunch of engineers."
Chinese businessmen look rich. Some of them do have a lot of money, but most are just richer than the average Chinese worker. And because the poor Chinese workers are poor, they can't bootstrap their way up so easily.
In china, intelligence is seen as efficiency, doing something well, getting the right boxes filled on the exam, non-intelligence related things that are called intelligence. Go talking about how the yuan is pegged to the dollar instead of gold and the government won't hire you because you aren't parroting the group think (I have experience talking to some china-women about this). Try to break out of your class and get beaten back into it.
It's the culture. I really think if china could break out of it's meek-slave mentality and have them start thinking that the Earth is theirs for the taking if they want it, then it could blow United States out of the water a thousand times over. Educate the meek slave class sleeping giant with care! It took thousands of years to craft a group of people who will work and not fight back when exploited.
Well, that's bound to happen when a generation suddenly becomes rich for first time in long family history. You kind of had it coming.
It'd take some metabolism cycles to ingest the wealth they come by. Until then they'll act like pigs on money steroid rather than the rich.
Best to avoid the shitbag of shitstorm until they learn to be civil.