1/ Interesting POV from Chinese billionaire friend
who made his money outside of China
and felt safe from reach of Xi (as he invested in China,
but sold his companies to non-Chinese so he never ‘took money out’ of China).
He got the #’s wrong but the point was clear…
2/ He asked me the first “democracy”.
I answered: Greece.
He said what was population of your great democracy
i said ~150,000
He asked how many were slaves? I did not know.
He said: ~100,000 slaves rules by ~8,000
Now what about your beloved Rome?
3/ What was the population of Rome?
I guessed roughly correct 1M
He asked: and how many slaves?
I guessed 10k. He said it was closer to 500k around 50% of the population.
He asked––rhetorically––what the current population of “democracies” in the world today?
4/ He asked rhetorically the democratic population in the world today? And answered: 700M
300M in US
300M in Europe
100M in Japan
And said 7B people were ‘slaves’ serving the 700M.
The clothes we wear, the food we eat, the furniture + design, the technology we use…
5/ He noted when Deng Xiaoping + Jimmy Carter met in 1979: Deng said “we must be friends”
he saw that all the countries that were friends with the US were RICH (S. Korea, Japan, Europe, Canada)
yet all the countries that were enemies with the US were POOR (cuba, russia etc)
6/ During that year, 1979, the per capita GDP of China was $184 when it was $11,600 in the US
Today the per capita GDP of China is ~$10,000 while it is $60,000+ in the US.
Xi’s interest is POWER.
But the power doesnt come from the 500M people who…
7/ Xi’s power doesnt come from the 500M people who live on the coasts and live like Americans with tech jobs + tutors. high-end schooling.
It comes from the 1 billion ‘peasants’ in the center of China.
And as he takes from the 500M (or the 1% of them) the 1B people applaud him
8/ His point was that the inequity that exists in the world since “your great democracy of” Greece supported by actual or defacto “slaves”—continues TODAY.
And that concentrated power will seek to please the poor masses and turn them on the elites whenever needed—over all else.
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2/ A few other @sfiscience gems: Geoff West who helped the masses appreciate consistent patterns of scale across lifespans and heartbeats and company lifecycles and spread of ideas and disease…
1/ Releasing a redacted Lux quarterly letter to LPs.
Some strong views of
-a catalog of an excess of excesses
-what catalysts cause the current market frenzy to end
(preview: LP indigestion)
-what we are advising our Lux family companies
-much more…
2/-The importance of HEIGHTENED HUMILITY in times like these (where source of ‘success’ can be easily mistaken)
-Telepresence helps us connect with far-flung founders but true presence (in person) helps our team connect like never before
-Where a CONSENSUS of CONCERNS is CENTERED
3/ Time travel with us a year hence—
reflecting back on the year that was.
Which of the 2 paragraphs below do you expect to read in Q3 2022?