@blagden_david Those are different metrics; wealth = assets, GDP = the value of all goods and services produced.
Most wealth in Western countries is tied up in housing. House in US are typically cheaper and larger than those in Europe..
A better comparison would be disposable income per capita
@cmc92381@helcaboyakh If you hire another state-owned company/monopoly to do the work, or if you hire private contractors who have to compete with each other, does it make a difference down the line? Is one system more capitalistic than another?
@cmc92381@helcaboyakh Good catch. Would you agree that you can direct capital to the specific area through a centralised model, and then use a capitalist, free-market approach to let winners and companies emerge in this area—essentially creating a hybrid system?
@cmc92381@helcaboyakh There are elements (and it can be a lot) of capitalism you can allow within a country—even the USSR had periods like the NEP in its early years and Perestroika toward the end. In many areas, China at the ground level can feel much more capitalistic than the EU.
@cmc92381@helcaboyakh There is no pure capitalist (or socialist) system in the world. All capitalist systems direct capital through taxes, subsidies, and regulation or lack of them in specific areas. China does this in a particularly strategic way.
@RiccoRix@helcaboyakh Everything is hybrid—the world is rarely binary. Are you saying it’s less market-driven than the EU? And EU is more capitalistic oriented?
Agents, of course, do their job at a mediocre level so far, but recently there was a case where AI agents still won against a team of several people on the example of a specific business task.
Whose side are you on: people or agents?
Last week I participated in a live broadcast from colleagues from the NEWHR agency. I gave advice to those who want to build a career in IT and bigtech in 2026. What other advice would you give to IT specialists?
@ShangguanJiewen Why do you claim China is not an empire when it literally had emperors for over two thousand years until the last century and fits the canonical definitions of an empire at its current state?
@Jake_Wukong@pretentiouswhat@Raphfel Don't treat my answer as though I think OP is right or wrong. I just think it's not implausible to not publish 2025 data in March 2026 due to waiting for robust data. And 1.6% might be small enough to be revised later—that might not be the case here though.
@Jake_Wukong@pretentiouswhat@Raphfel It's 2026, but reliable data takes time to collect. Stats are often revised (e.g. https://t.co/XioA4d43L1), so building a solid long-term trend requires 2025 data to arrive, be confirmed, and revised. Even relatively simple company earnings reports usually published in feb/mar
@gonglei89@Widdrat@pretentiouswhat@Raphfel I didn't know that. However, even labour statistics are often revised 2–6 months later—for example, https://t.co/XioA4d43L1. Treat my original post as a guess - to build a long-term data trend, I'd rather include data that won't be revised later, which requires waiting some time.
@Widdrat@pretentiouswhat@Raphfel Looks like a serious credentialed professional on the topic. Still, it doesn't refute that it's a long process to collect the data—even if relatively easy—and that energy use by source in a big country is much harder to collect than revenue in corporation, so it takes time.