I wonder if Altman bought this up when he was in China.
replies(3):
EDIT: whoever modded me down, take a look at http://blog.samaltman.com/china or https://techcrunch.com/video/sam-altman-of-yc-china-remains-...
Their sole purpose is to learn, take as much as they can possibly get away, turn around and create entire industries overnight by creating a domestic bubble shielding it from foreign competition.
It's similar to how South Korea propped up it's economy in the 70s, by imposing high tariffs on imports and restricting consumer choice to only domestically produced imitations by a state bankrolled conglomerate. At one point I believe Samsung even sold pirated copies of SNES games according to allegations in a 90s magazine. Japanese consoles were harder to get than PC, hence the proliferation of broadband internet leading to other side effects (actually Son Masayoshi advised the Korean administration back in the late 90s to go broadband early as possible).
I'd say that we are likely to hear more "honeymoon" stories from Sam, just like the thousands of like minded hopefuls that came to China and have left empty handed.
....but prove us all wrong by being the first American to make his billions and be allowed to keep it under the nose of Communist Party of China.
Which, according to Bad Samaritans, is the rational choice of any still developing country.[0]
This of course doesn't absolve China (or the US for that matter) of their abhorrent actions in any other realm.
0: https://en.wikipedia.org/wiki/Bad_Samaritans:_The_Myth_of_Fr...
HAHA! Now I must read this book.
Any book banned by a government that doesn't incite terrorism outright is worth a read imho.
It's hard to argue with the results though. South Korea was pretty much a third world country but state directed infrastructure building in key productions like steel, shipyard building, all had roots of building up a deterrent against North Korea.