The crypto community in China has attracted grifters, as it has everywhere else. But it is also creating a community of people trying to envision different paths for the future.
~ Dan Wang via his 2023 letter

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Digital currencies are solutions looking for problems most everywhere in the Western world, but they have real value for people who suffer from state controls.
~ Dan Wang via his 2023 letter

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Travel is usually a greater source of learning than the page.
~ Dan Wang via his 2022 letter

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China’s intellectual tradition is to celebrate state power. It’s perhaps not much of an exaggeration to say that imperial China monopolized the entirety of intellectuals, through its administration of the imperial examination system, which induced the country’s most ambitious to spend their lives studying texts aimed at increasing the power of the state. So it’s unsurprising that China failed to develop much of a liberal tradition: court philosophers tend not to be enthusiastic advocates for constraints on the court.
~ Dan Wang via his 2022 letter

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The mountains are still high, though the emperor may no longer be so far away.
~ Dan Wang via his 2022 letter

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Aging autocrats easily turn cranky. It’s especially bad since factional struggle is built into the Leninist system: Xi will never stop feeling paranoid even if he has surrounded himself with sycophants. So I think the party-state will continue to make unforced errors.
~ Dan Wang via his 2022 letter

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Executives may not be interested in Marxism-Leninism, but Marxists-Leninists are deeply interested in businesses. Companies are thus starting to think of China as a weird creature: one-third the China of old, which showers riches on the savvy; one-third Japan, an enormous market that won’t deliver booming growth; and one third Russia, a country one must potentially depart from in a hurry.
~ Dan Wang via his 2022 letter

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Sometimes commentators will launch a tendentious debate on whether China is capitalist or socialist, state-driven or market-driven. It is never one or the other, of course. Contradictory slogans like “socialist market economy with Chinese characteristics” allow the party wide scope for ideological maneuver. Beijing’s habit is to announce several mutually-incompatible policies to simultaneously pursue, tweaking priorities as it goes along.
~ Dan Wang via his 2022 letter

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Over the last seven decades, China has experienced lengthy periods of stability punctuated by government-triggered chaos. The Chinese state is usually levelheaded; but every so often it succumbs to a manic episode, in which it grips the population, not relenting until it has shaken them out of their pots for backyard steel furnaces, out of their schools for class struggle, or out of their minds for dynamic zero clearing.
~ Dan Wang via his 2022 letter

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Mountains have always beckoned to dissenters, rebels, and subversives. It is not only the air that thins out at higher elevations: the tendrils of the state do too. Small bands of people only need to hike a while to find a congenial refuge in the mountains. By contrast, it’s far harder for imperial administrators with their vast caravans to locate all the hideouts.
~ Dan Wang via his 2022 letter

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