TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2025-11-28 Page is: DBtxt003.php txt00028079

THE SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
and
TrueValueMetrics (TVM)
Thoughts on how accountancy and economics
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SECTION 19
HOW WILL AI AFFECT CHINA
AND AMERICA'S ECONOMIC WAR
Version 1 ... February 2025

I like the climate I like the ocean I like it's just a people are very
friendly it's a very attractive place for me but New
York City is also even don't have those qualities you know I like New Orleans I
like New York I like San Francisco the other thing I I wanted to bring up

How Will AI Affect China and America’s Economic War?

2:33:24
right now isn't so much a a policy issue but just a a a broader domestic economic
issue going forward and one that I think your Marxist or marxian you've been
using that word analysis might be really helpful with it also connects to deep
seek automation electric vehicles and that is the role of Advan ments in AI
in the competition between China and the United States and also just the overall
health of our domestic Workforce I don't know quite how to get at what it is I would want to

2:34:06
say uh about that China has demonstrated now and I believe this is true to almost
every reasonable person whether they like China or not uh whether they
support what China is or don't they have demonstrated that
economic growth can be achieved faster in their kind of system
than it can in any other country and that is a momentous I mean
just that's a momentous achievement over the last 30 to 40
years they have consistently grown as measured by their
GDP two to three times faster than the United

2:35:00
States I must remind people even though they hate to hear it that before this
Speedy growth the Soviet Union accomplished Speedy
growth not as fast but Speedy growth so that
the painful reality so painful it can't be spoken is that the 20th and 21st
centuries demonstrated the growth potential and
the growth actuality most effectively in the Soviet
Union and China if you look at the Soviet Union as the first experiment in what I'm about
to describe as their economic system and China as the
second right Russia starts in 1917 uh China in 1949 that's quite a

2:36:00
difference but by now we have 70 years roughly 70 years the Soviet Union and
now 70 years of China and the Chinese grow faster more
spectacular than the Russian the Russian were a system of
State Enterprises throughout industry and a growing proportion of
State Enterprises in
agriculture and very little scope for capitalist
Enterprises throughout that time not zero that's an American fantasy but
small China is completely
different China made a decision

2:37:00
afterm to become a hybrid to be partly
state-owned and operated Enterprises
half and the other half private capitalist Enterprises both Chinese and
external allowed so that I think it's fair to say
that China represents a hybrid trying to
combine both the benefits of a private
capitalism Model United States and of a state-owned and operated
enterprise system example the Soviet Union they
really are a 5050
split with the hybrid of these two systems

2:38:01
overseen by a Communist party and a powerful State apparatus controlled by
that party [Music] and they've
achieved really an unspeakable story
let me give you one statistic just to get put in your head the GDP of the United States 28
trillion bucks more or less the GDP of
Russia our former Arch Enemy today is three or4
trillion no content no nothing and that was always true I only in
the Cold War Legacy mentality of the United States did Russia
Loom you know

2:39:03
Silly economic nonsense anyway that's not true with
China China's GDP now 18 19 20 trillion dollar
way different from Russia and equally so from anywhere
else Britain's GDP I don't know four five six trillion something like that
very small bigger than Russia though what bigger than Russia probably bigger than Russia yeah and and Russia fighting
NATO means Russia's fighting Britain France Germany Italy is refusing that's
but look what China has done China was one of the poorest countries on the planet in
1949 and is now number two unquestionably number two after the

2:40:04
United States and each year closing the Gap
um that is an astounding achieve is very very hard for
me not to dwell on it but one of its
components and one of the reasons it it has the achievement will go take us to
the technology issue a powerful Communist Party ruling
a powerful State apparatus supervising this
hybrid can do something quickly and
efficiently that the United States either can't do or can't do quickly and
efficiently it can mobilize the entire economy to achieve certain

2:41:05
priorities it can mobilize the government sector in its ways and the
private sector in its ways it can force them to collaborate and coordinate so
that the resources each has are brought together to attack a
problem it does not respect private profit as the
priority which is what happens here it does not believe the private has to be
given Primacy in some sense as happens here it doesn't have a government filled
with people who believe that the private is in some sense the more important the more patriotic the more deserving the
more what it doesn't have any of that in fact it has the

2:42:00
other one of the elements of Socialism or
communism that has a real effect here is that the people involved in the public
sector believe in it respect it
even value it higher than the private in recent years in China you
have seen programs punishing leading private capitalists
Jack Mah and others like that kind of dressing them
down in some cases imprisoning them but mostly culturally saying you are not yet
we will let you be a billion we will and we will let you run your
business but when you overstep in this hybrid we're going to