Replying to Avatar Comte de Sats Germain

Oh yes... The endless stream of westerners going into major Chinese cities with startups, and they never become a real company... It was quite perplexing until I figured out that there's a industry in making startups and pitching ideas, but following through isn't required

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

yeah, and there is some who actually are trying... the company i work for is one of these, but they don't have a very good technical vision

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

but it's precisely what Mises called "malinvestment"

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