China: Video Games No More

Yikes:

China has a new rule for the country’s hundreds of millions of young gamers: No videogames during the school week, and one hour a day on Fridays, weekends and public holidays.

China on Monday issued strict new measures aimed at curbing what authorities describe as youth videogame addiction, which they blame for a host of societal ills, including distracting young people from school and family responsibilities.

The new regulation, announced by the National Press and Publication Administration, will ban minors from playing videogames entirely between Monday and Thursday. On the other three days of the week, and on public holidays, they will be only permitted to play between 8 p.m. and 9 p.m.

The announcement didn’t offer a specific age for minors, but previous regulations targeting younger videogamers have drawn the line at 18 years old.

via WSJ

As you might imagine, the stocks took a nosedive and the market is trying to figure out what to do about this.

The world is a big and dangerous and complex space and when it comes down to it, despite the incredibly amounts of dysfunction, the United States of America is still the best place to start a small business — you can do it in your (dorm) room.

This was true decades ago and is still true today. In fact, the folks who understand this dynamic will have a significant leg up in the metaverse.