Disgusting. Cac makes $28,000 every 9 seconds

MJ Truth

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He’s not forcing anyone to work there. :yeshrug:

Don’t hate the player, hate the game.
 

Flywin Lannister

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Here's the thing:

When you start building things, you are very shytty at doing it. When you attempt to do it at scale, it makes it exponentially harder to make high quality products.

When you make shytty products, not enough people buy them, and you can't keep the lights on long enough to get good at it.

All of this is made worse by the lack of good infrastructure to even transport the goods around and out of Africa. There's very little incentive for companies to move their supply chain there vs. pretty much any part of Asia (including India).

That's why the only hope African economies have is to, at least in the beginning, be highly protectionist until they can get some solid manufacturing experience and decent roads built.
Absolutely true.

Perhaps the way is to learn as effectively as possible how to mass produce popular products cheaply and focus on building things that can be easily built. Also: investing in Chinese knowledge be it by hiring someone who is very well-versed in how the Chinese work OR by going there (harder) could help.

And indeed, they would have to be able to fly out the product. At this moment at least it sounds that beating China at their own game is hard, you're right.

Haven't touched on something that is rampant in African countries apparently that is not something you hear about often about China: corruption. To what extent do you think that is holding African countries back in this race?
 

Ya' Cousin Cleon

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Good explanation. A lot of people do absolutely not realize what you just said. 'This dude is worth 130 billion' to them is 'he has 130 billion in his bank account!?'. They don't get that a lot of this is not cash, most of it is not cash (on purpose!).

The funny thing breh is, everybody wants to get rich. Barely anybody has a grasp on basic finances. So financial talk is boring, people would rather read Kim Kardashian's twitter feed than the Financial Times... but this also directly reflects their financial situation. And I'm not near where I want to be don't get me wrong, but most people don't even CONSIDER that they should have several sources of income. It's very rare to hear people pro-actively speaking about this.. So the average person has NO IDEA that this dude has a lot of his money in shares, investments etc. they think 'this dude is making way more per month than I do!' and keep clocking in..

There's enough resources on this planet, let alone this country that people shouldn't have to resort to have several sources of income.

That's the problem.

At what point does the average breh get to sit up and actually enjoy life?

We have to drive for lyft and uber eats, learn to code, pick up a trade and on top of other bullshyt jobs, which is what most of them are if were being for real, just so we can be okay, meanwhile the Elon Musk's, Waltons, Bezo's and Zuckerbergs get to reap the benefits of our exploited labor.
 

Nobu

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Haven't touched on something that is rampant in African countries apparently that is not something you hear about often about China: corruption. To what extent do you think that is holding African countries back in this race?

I'd lump corruption in with tribalism as the biggest cancer in Africa. A lot of outsiders don't realize in many African countries, power struggles between tribes is a huge issue, sadly.

Many Africans don't see themselves as all 'black people' in a common struggle like many AAs do. They still identify strongly with their tribes, and are willing to let that blind them from the rampant corruption of their governments just as long as 'their' side is sitting in the palace doing the looting :snoop:

Sadly, there isn't much time left for them to get their shyt together. They're about to quadruple in population in only 80 years. Countries like Niger with pop. 24M today are going to be over 200M in 80 years. It's going to take nothing short of many miracles happening in the next couple decades in Africa for it to not be a hell on earth soon with all those people and not enough infrastructure, health systems to prevent pandemics, jobs. Crazy. Click 2100 column to sort.

List of countries by future population (United Nations, medium fertility variant) - Wikipedia

55d38ec0dd089595388b46c6-750-563.png
 

8WON6

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started out some swagless dude selling books on the internet

17bits-bezos-1998-tmagArticle.jpg




turned himself into one of the biggest bosses on the fukkin planet :deadjay:
Jeff Bezos built Amazon.com into the world’s largest ecommerce company starting with $300,000 of his parents’ life savings.
$300,000 free money in he 90's is what people never mention. People see that one pic floating around of him sitting at a table like he started from zero.
 

Amestafuu (Emeritus)

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this what being rich looks like... stepping over a bunch of people.

yeah there is enough wealth in the world for all of us to live comfortably but humans are not motivated by moderation but greed. we want it all for ourselves. that's why a majority of humans worship the wealthy elite despite the despicable things they have done for money... they envy their positions.
 

The_Sheff

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started out some swagless dude selling books on the internet

17bits-bezos-1998-tmagArticle.jpg




turned himself into one of the biggest bosses on the fukkin planet :deadjay:


Believe that shyt if you want. White folks always try to sell that they made it from nothing but in reality they had connections that provided tremendous help in getting them there. His parents loaned him 300k to start a business. Most peoples parents leave them debt.
 
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