pull down to refresh

55 sats \ 2 replies \ @Solomonsatoshi 7h \ parent \ on: "Free market capitalism" in America. Are we happy with the results? econ
Chinas mixed economy where capital allocation is largely directed by the government has won the trade war with the west where crony capitalists largely direct your governments.
The CCP must oversee and ensure improvement for most citizens or face removal- bloody removal. Western politicians face no serious consequences for their serial subservience to their corporate sponsors and chronic failure to strength economies and prosperity.
Ironically perhaps, the CCP autocracy delivers greater incentive to the government to perform via 'Heavens Mandate' than is delivered by 'liberal western democratic' governments.
write
preview
14 sats \ 1 reply \ @BeeRye 7h
Could be at this moment, yes. But I think the same thing is destined to happen in China as people try and protect their fiefdoms and economic moats. Perhaps they are a generation or two behind, but what goes up must come down in a sense.
reply
0 sats \ 0 replies \ @Solomonsatoshi 6h
Yes over time as Chinese citizens will forget The Opium Wars and the one hundred years of humiliation followed by the trauma of Maos era. As wealth breeds entitlement and citizens demand more and more 'rights' and as power corrupts, China will face the same tendency that has corroded western civilisation. But remember western civilisation has dominated the planet for 500 years in a series of iterations and China has a strong cultural bias toward stability and long experience in and belief in its centrality and 'right' to dominance.
reply