Core Viewpoint - The modern American capitalism has devolved into a system characterized by the accumulation of market power and extraction, leading to a profound sense of economic resentment across the nation [2][3]. Group 1: Shift in Corporate Goals - The core issue is the shift in corporate objectives from creating quality products that people want to buy to seeking control over others and extracting value from them [3]. - This shift is attributed to a lack of discipline, where companies are allowed to lower the quality of products and services without facing consequences [3][6]. - The trend challenges the fundamental ideals of American progress, particularly in the technology sector, which is expected to drive improvements [3][4]. Group 2: NFL as a Model - The NFL serves as a clear example of a market structure that maintains discipline and does not allow for the degradation of quality, ensuring that even the worst teams have opportunities to compete [4][5]. - The NFL's mechanisms, such as salary caps and drafts, promote fairness and balance, contrasting with the MLB, which suffers from distorted spending and resource misallocation [5]. Group 3: Economic Model and Wealth Distribution - The current economic model focuses on accumulating market power and extraction, leading to a redistribution of wealth upwards [6]. - Industries that once supported the middle class are being suppressed, while a few high-return sectors, including concentrated intermediaries and certain parts of finance and technology platforms, are favored [6]. Group 4: Attention Economy and Internet Neutrality - Tim Wu's contributions include the concept of "net neutrality," which mandates that internet service providers must treat all content equally, a significant victory as relevant laws remain effective [7]. - His earlier work on the "attention economy" highlighted how human attention has become a commodity that is increasingly exploited [8]. Group 5: Political Engagement and Economic Discourse - Wu reflects on his time in the Biden administration, expressing a desire for more action on children's privacy issues, noting the strong influence of large tech companies on politics [9][10]. - He engages in economic debates within leftist circles, indicating a tension regarding economic issues and expressing concern over the current political climate fueled by economic resentment [10][11].

中概股指数年内涨幅追上纳斯达克 分别跌 3% 和 14%。恒生科技指数只追踪香港上市科技公司，今年以来也大幅反弹，但离 "转正" 还差 5.5 个百分点。 拉动指数近期反弹的主要是港股科技股，如腾讯年内涨 18.6%、美团则涨超 41%，快手也涨了 6%。而 纳斯达克则受近期英伟达和 Meta 暴跌的影响，以及年内特斯拉一直以来的拖累。 关注《晚点财经》并设为星标，第一时间获取每日商业精华。 中概股指数年内涨幅追上纳斯达克 中概股连续一周上涨、纳斯达克指数转为下跌，于是中概股指数基金 KWEB 年内涨幅在本周追上了纳 斯达克。 KWEB 跟踪的个股既有阿里巴巴、拼多多、京东、网易这些港美股两地上市公司，也有腾讯、美团、快 手等港股公司。根据 Wind、Choice 数据，两大电商公司阿里巴巴和拼多多今年其实拖累 KWEB，年内 北京车展，抓紧时间多卖车 Temu 加大力度吸引商家，带更多中国商品出海 美国暂停晶圆厂芯片补贴申请 在这些大型港股的推动下，近期恒生科技指数也反弹了。 4 月 26 日恒生科技收涨 4.61%，成份股里涨幅第一的商汤收涨 43%。仅本周恒生科技已涨超 13%。陆续 发布的一季报说明公 ...