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RE: ICOs and the World Wide Web - History Repeats Itself, Isn't It?
China is a very good example of what happens in an overly centralized social system. Innovation is allowed to propagate into the system only to the level it doesn't disrupt it (which is what innovation usually does, it replaces an old thing with a new thing).
Exactly, and any society that tries to choke innovation is only heading for economic extinction and irrelevance. There might be some temporary gain for some big bosses, but the long term damage could be disastrous. I believe China has big big potential but they have to stop clipping the wings of innovation and new thinking, but allow it to fly high into the sky, pouring out its blessings on all men. Tanx