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0 sats \ 2 replies \ @CliffBadger 3h \ parent \ on: Econ October Recap econ
So in the US case, the government interferes, and in China the government allows the market to build? Proving my point. The less government intervention the better.
In China the government literally owns many of the power generators building them and supplying the electricity at the lowest possible cost knowing that the free market of manufacturers and processors will utilise the electricity and produce wealth and competitively priced exports.
It is a case of the government enabling its industry to be the most competitive in the world.
Chinese manufacturers enjoy electricity supply at less than half the cost western manufacturers pay.
All due to proactive Chinese economic management and understanding of the crucial enabling role government can play in the wealth of nations.
Due to this government led strategically scaled power generation construction the cost of Chinas new nuclear power plants massively lower than in the crony capitalist USA.
Chinas mercantile mixed economy strategy has won the trade war - you just have not understood it yet.
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No in China the government has deliberately created a whole industry including trained engineers and technicians and supply chains of raw materials capable of building projects like nuclear, solar, hydro, wind and thermal power generation at drastically lower cost than the US government which only regulates industry and provides almost zero strategic guidance.
In areas like this neoliberal libertarian ideology has crippled western manufacturing competitiveness.
Remember the Hoover dam?
The wests global dominance was built upon mixed economy government and private enterprise synergies.
The wests decline is upon neoliberal libertarian extremist idiocy.
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