Chinese can!

Reuters is amazing me today. Another short article gives a quick update on the Chinese affairs in Africa. Chinese were copying small stuff from everywhere until now: products, technologies, machines, tools. Now they are copying the big politics and economic strategies. US has used this strategy successfully for a long time in South America, Europe, Asia and Middle East, enslaving multiple countries with horrendous amounts of debt. Now China is copying their approach in Africa. There is a lot of agricultural land in Africa and securing access to this land in the long term is a very wise decision. Not that it is going to do any good for the others but for China it is definitely a very good move.

Update: another good article from much later:

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Greece and … IMF?

Graffiti on the wall in Athens says "I.M.F. GET OUT"

A very interesting thing has caught my eye in the photographs from the recent riots in Athens, Greece.

If you look at the pictures, it very definitely says “I.M.F. GET OUT“. Why would demonstrators talk of IMF in Greece? Would it be possible that Greece bought into one of those IMF backed plans? If so, it would be interesting to learn a bit more about what economic development “plan” was sold to Greece. It is also quite interesting to see that Reuters does not mention IMF in their articles on Greece for some reason. Did they not see their own pictures?

Eurozone troubles drove U.S. treasury debt prices higher as investors fled to havens including gold and the dollar.

Seek the one who benefits, right?

Did you see how much Euro went down recently? Do you think it is normal? Do you think if Greece went bankrupt it would really mean something apocalyptic for the Euro-zone? No, really? How much of the all-European economy is in Greece? Come on, be realistic, Greece is too small for the kind of impact pictured in those articles. But panic! yes, panic can hurt Euro-zone, oh, yes… I have seen …
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Of “digital piracy”…

Wasn’t I saying it all along? The net result of abandoning DRM (Digital Rights Management) would be positive for most companies. Various studies show this again and again from different perspectives. This time it is a behavioral study of an Oxford economist Karen Croxson discussing the potential customer behavior and result of the piracy on the net sales. And the conclusion is still same: piracy does not hurt sales, even helps sometimes.

Really, if one abandons DRM and lets go of the piracy hype, the result must be positive. Here is the list of things to consider:

  1. The customers that buy your product would buy it anyway.
  2. The customers that would not be buying your product will not buy it anyway
  3. The customers that are influenced by the “ease to copy” and decide to copy instead of buying are extremely marginal in number.
  4. The experience with your product, the rumors, the hype, the word-of-mouth advertisement would generate many more customers than you might lose in the previous category.
  5. Customers loyal to you are not annoyed by your silly DRM schemes.
  6. You do not need to waste money and time on the DRM.
  7. People who spent time breaking your DRM schemes

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