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Comment Re:CEO says his company's product is amazing (Score 1) 49

Yes, it's got a long way to go. Unfortunately, at least SOME of the changes are (currently) on an exponential growth curve, and people have very poor ability to project those. (And also at some point "limiting factors" will manifest, which aren't significant during the early part of the rise.)

There are quite plausible scenarios where we are still in the early part of the exponential growth curve. Nobody can prove whether this speculation is true or false, but we should be prepared in case it is true.

Comment Re:Related (especially the Alibaba story): (Score 1) 52

That kind of thing is something that centrally controlled economies are prone to. It's the mirror image is the problems experienced during the "Great Leap Forward". Market driven economies have different problems (monopolies, concentration of power in the hands of the greedy, etc.) . I'm not really sure which is inherently more deleterious. Perhaps it depends on details of implementation.

Comment Re:Really getting sick and tired (Score 1) 157

Unfortunately, the data isn't consistent. That's why they need to make corrections. The question is "Do the corrections make it more nearly accurate?", and that's really hard to demonstrate. When there's too much noise in the signal, it's really difficult to filter it out without losing the signal.

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