Shiseido's Fall and Did You Know China Has an Industrial Policy for Lipstick?

Shiseido's Fall and Did You Know China Has an Industrial Policy for Lipstick?(governance.fyi)

6 points by guardianbob 119 days ago | 2 comments

anigbrowl 119 days ago |

Consider cosmetics. Historically regarded as pure marketing, not technology. Lipstick and moisturizer. The kind of industry you’d expect governments to ignore entirely.

I don't know about that. I can think of a ~2000 year old Chinese story about an entrepreneur who came across a village where everyone had unchapped hands and faces despite it being winter. It turns out they had made an ointment from some local bush. The point of the story is that the guy guys as much of it as he can and then carries a few valleys away to where an army is encamped and they're suffering from the cold, and he trades the ointment for an estate.

I think a big reason other countries (and especially the US) keep underestimating China is neglecting the fact that they've had a more or less contiguously operating state for millennia.

SilverElfin 119 days ago | |

Apparently most of the last two thousand years, either India or China have been the strongest economy. The last couple hundred years are the exception. So I wonder if the underestimation is simply because people don’t have personal memories of their dominance.