Chapter 1231
Such a major technological breakthrough, the advent of the wireless energy era, is bound to drive the booming development of the Internet of Things (IoT), no less than the Internet boom of the 1990s, which in turn will drive the entire human civilisation towards a truly intelligent era where everything is connected.
Li Linfei is so active in discussing with scholars from Europe and the United States, of course, because he hopes to market the commercial products of Life Ray, such as wireless power transmission technology solutions, future technology solutions, and even China's solutions, to the world.
The seminar was an open discussion, and the audience, although confused, was fascinated to hear what was being discussed, but they knew one thing: Li Linfei was leading the seminar, and he was a Chinese.
The netizens were not looking at the content of the technical discussion itself, but at the idol god of their hearts, not understanding but 666 is right.
After the Life Ray launch was set up, the same day time mainstream media all over the world wrote a big book about it, this time Li Linfei did not only sensationalise the global business and technology community.
The academic world was also greatly stirred by the breakthrough in terahertz technology, and the disruption brought about by the technological breakthrough radiated to many aspects of society, with sociologists also unnerved and economists equally unnerved.
But more than anything else, the focus is on the "Internet of Things", as the breakthrough in high-powered, ultra-long-range wireless power transmission technology inevitably leads to a boom in the Internet of Things era.
It is no exaggeration to say that all intelligent devices that require electricity will probably be inseparable from wireless power transmission chips in the future, and the future of electrical appliances is the era of wireless appliances.
With this, the share prices of all major companies in the global semiconductor industry, both domestic and foreign, have risen sharply.
As the Internet of Things era begins to explode, the demand for all types of chips for all types of electrical products will soar in the future.
The market size of the semiconductor industry has further gotten a surge.
......
"Mr. Li, excuse me, Mr. Li, I'm Zhou Xin, a reporter from the new * news agency, can I do a brief interview with you?"
As soon as the seminar was over and dispersed, a man and a woman, two reporters somehow came near Li Linfei, but Zhou Xin was quickly stopped by the bodyguard having someone stop her.
Li Linfei turned to look at her and saw her for a moment and then said, "Let her come over."
Zhou Xin saw that the bodyguard who had stopped her opened up a path and was secretly happy. She immediately gave a look to her partner who was carrying the camera and came to Li Linfei in a short while, smiling modestly, "Mr. Li, thank you for accepting the exclusive interview with the New* News Agency."
Li Linfei looked at her with a smile, "Let's get straight to the point Ms Zhou, I'll treat you to lunch after the interview, ask me anything you want?"
......
Zhou Xin also knew that it was not easy to get an exclusive interview with a business leader of his caliber, and that Li Linfei was a very maverick person who basically rarely spoke out in the public eye.
Other bigwigs are attending various business forums and summits, making frequent appearances, and he has only attended a handful of networking forums so far.
After sorting out some words, Zhou Xin looked at his partner who was carrying the camera and confirmed it before starting the formal interview: "As the founder of the Future Technology Group, you can say without exaggeration that you and your company are now almost the barometer of the world economy, especially the technology industry, just like during the previous launch, the international crude oil market immediately reversed once you said ......"
At this, Li Linfei laughed and interrupted, "I have to say this in advance, some of my remarks are right as after-dinner talk, but do not take them seriously, you do not come to me when the time comes, just shake off the pot first."
Zhou Xin also couldn't help but smile, and after a slight adjustment she continued, "So at the seminar and exchange meeting just now, you exchanged many topics with many foreign scholars, including science and technology, cross-regional platform cooperation, and economic exchanges."
"In particular, your economic thesis with economist and management guru Dr. Edward Lazer of Harvard University's economics was brilliant, easy to understand and impressive so far, I didn't expect you to be an outstanding economist in addition to being a scientist and entrepreneur."
Hearing this Li Linfei said calmly, "Frankly speaking I am not an economist, nor have I systematically studied and researched economics, nor have I positioned myself as an economist, I have positioned myself as a scientist."
"No, I should say technical engineer, I am not yet a scientist, after all I am still an entrepreneur."
"Also to put it in an offensive way, economists mostly speak for business interests, they don't have the spirit of practicality that real scientists and technical engineers have."
Indeed, the reputation of economists in the current era is also getting more and more notorious, Zhou Xin responded in her heart as such, she would not have the courage to say so regardless of offending people as Li Linfei.
But as one of the gold medal reporters of the New* Society, her interviewing skills were undoubted, and she whirled around and said subtly, "Anyway, your views on the world economy at the seminar and exchange conference were very original, and it can be understood that you did not come with an attitude of economics to examine economics from the beginning."
"Rather, I came over with other perspectives, with a level-headed view, and so did not learn to be theological, and therefore more pointed and critical."
Li Linfei: "As expected of a journalist, it seems that you, Ms Zhou, are prepared to let me, an outsider, speak to an insider and want to make a fool of me?"
Zhou Xin: "Mr Li is joking, this interview we hope to share, disseminate and exchange economic knowledge from your perspective."
Li Linfei: "I've already been in your boat and I can't escape without leaving something behind, haha."
Zhou Xin smiled kindly, Li Linfei whirled and looked at her Kan smiled, "Still that sentence, some of my remarks are right as after-dinner talk, don't take it seriously oh!"
At the end, Li Linfei sorted out what he was going to say in his mind, put his words together and said, "I really learned a lot from communicating with foreign scholars at the seminar, not only can such communication improve myself but also more interesting, both sides are talking about the world economic situation."
"Mr Lazer brought up the fashionable theory of neoclassical economics and I remember at the meeting he looked at me with amazement and asked me how the Chinese economy was growing so fast?"
Chapter 1232
"Western economists studied for half a day and didn't know what the reason was for such rapid growth, and then Mr Lazer's sharp-tongued debate said that you Chinese were completely screwed up."
"What with the sweatshops and the plagiarism of advanced Western technology and so on."
"I say steal technology, why don't you workers in the sunset industries of the old US North go to Silicon Valley and steal it? Wouldn't it be easier for you to steal your own?"
"It's easier for the Filipinos to steal American technology than it is for us Chinese, and the Filipinos aren't under a technology embargo, are we? Batumi, the Wassenaar agreement greeted us in a row, so what he said is not even logical."
Zhou Xin laughed: "The scene of Mr Edward Lazer's red face is still fresh in my mind."
Li Linfei: "So what is that logic of Mr. Lazer's? I think there are two logical theories in there, one is Solow's theory of growth, also known as 'total factor productivity', or TFP for short, also known as 'total and factor productivity'."
"What does Lazear mean? He says this law of economic growth, called constant returns to scale, like if I double in size, where are the gains."
"It doesn't actually increase. Most businesses he sees diminishing returns to scale, meaning the bigger I get the less efficient I get, so I have to take what I can get, doesn't that balance out?"
"In other words it means that the government should not intervene."
"But is that actually the case?"
"Obviously not, if Solow's theory is right, then the rate of economic development worldwide has to converge and equate to what? Equivalent to population growth, so now the West is ageing and the growth rate is getting slower."
"But does this theory explain the fact that we have kept growing so fast over the last few decades? Can it explain India growing so fast? Obviously not, because the reality is that growth has been much faster than population growth."
"We are now growing at around 5 in terms of population growth when the economic growth rate used to be, not to mention now, over 6. Don't look at the 5 or 6 difference, but you have to look at how big our base is and how big it has to end up being in absolute terms."
"It's backed up by data, words can deceive, data doesn't."
"And one of the most absurd things about Solow's theory is that he gives a nice name to the incomprehensible factor within the dynamics of economic growth - the total factor growth rate."
"For scientists and engineers this is something I don't know is something I don't know, the economy is growing so fast you're going to do the math, you're going to deduct the labour contribution, you're going to deduct the capital contribution, you're going to deduct the population contribution, what's left? Isn't that the progress of science and technology?"
''Zhou Xin: "The economic growth was stimulated by the technological advances brought about by the Future Technology Group as a high-tech company."
Li Linfei: "Let's not talk about the coastline, a company is still a company even if it has a promising giant corporate landscape."
"Scientific progress is definitely like we do technical research, the goal is very clear, that is constantly improve, upgrade, subvert."
"Will technology progress when you're fiddling around like a drunk? Solo counted a bunch of leftover scraps not knowing what they were and came up with a total elemental growth rate."
"That scientists and technical engineers are very sincere, I don't know what it is will be very honest and say I don't know, it is open to interpretation."
"According to Solow's theory get a ridiculous result, China's economic growth rate is much higher than the old U.S., so that China's TFP is not as good as the old U.S., and then if China is market-oriented, the economy can still be faster than now, simply foolish."
Zhou Xin: "Mr Li is as sharp as ever."
Li Linfei: "Oh, actually it's very simple for me to refute Solo's theory, just take an opposite theory back at him, also proposed by them in the West, called 'endogenous growth theory', which has a seemingly justified but actually also wrong theory called knowledge is accumulated. "
"Okay, then Britain was the initiator of the industrial revolution, according to this logic Britain certainly accumulated more knowledge, go to Oxbridge in Britain, the British people collect more knowledge literature than the old United States, right?"
"So let me ask you, is Britain now growing economically and technologically, more than the old US? Not really, is it?"
"So from that one, it's clear that Solo's theory is extremely unsupportable, why? His theory is that it assumes that knowledge accumulation is incremental in size storm, meaning that the larger it is the faster it grows."
"If this is right, his prediction that the North-South divide is going to get wider and wider, with the rich getting richer and the poor getting poorer, if his theory is reliable, then according to his theory, there is no hope for developing countries to rise and for emerging companies to overturn the old giants, right?"
"But what about the reality? We in China have taken off!
"San growth has been pretty good in recent years too, as well as other emerging market countries, and so have companies."
"And what is the reality of what we see in the world? There are big countries getting up and some falling down, the old US took off in full force after the war, the UK, once the boss, became the little brother of the old US now, right, and now there is a global consensus that the old US is in decline and that China is taking off in full force."
"Some companies have risen to become the new rising giants while others have declined, Google, Facebook, Paddle for these new rising super multinational giants, Sony, Motorola, Nokia collapsed and declined."
Zhou Xin: "Mr. Li, you forget that the most should not be ignored is also the rise of the most dazzling future technology group is also it."
Li Linfei: "This of course I know, but I'm not the founder of the Future Technology Group well, said it is not a little self-aggrandizing, although I know but ...... forget this paragraph remember to pinch off, ha ha."
Zhou Xin: "Oh okay."
Li Linfei: "So a few joys and a few sorrows, my conclusion is that it is neither exogenous growth convergence nor endogenous growth divergence, but the metabolic growth theory proposed by Professor Chen, a physics-cum-economics scholar at FDU."
"To explain Professor Chen's theory of metabolic growth, one has to reconceptualise the Adam Smith problem, which is self-contradictory, and he has a conjecture that I am here to criticise."
"Smith was afraid to put it in his title, and when he was discussing the need for intervention from above in international trade, he made an analogy called the invisible hand and told a story about it."