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Cake day: June 16th, 2023

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  • It depends on the person.

    I think they, for the majority of people, there is a rough number that could be derived from a standard of living they would want and not have to work. It isn’t a common number across people as people want different things.

    That said, there are some people for whom there isn’t a number to satisfy them. Wealth becomes a high score to measure against others. For them, there is no good enough.










  • China is definitely pumping money into its manufacturing capabilities, but I don’t think cornering the international market is why.

    What appears to be happening is that local officials pushed an industrial development policy to make economic numbers go up. Some provinces got to the point of building factories and leasing them out to companies for that sweet economic growth.

    The Chinese national government is trying to find a market for this since it can’t afford for all Chinese local investment to be bad. Developing countries don’t have the funds for the cheap solar output and the other industrialized nations are putting up trade barriers since they are running massive trade deficits with China already.