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10 sats \ 13 replies \ @Undisciplined OP 11 Oct \ parent \ on: The Manifestation of Economic Laws Across Societies and Epochs econ
That they don't is why we need to be able to separate ourselves from them. As Hoppe says, those who seek to settle disputes through violence are technical problems for civilized people to deal with.
I hadn’t seen that, but it makes absolute sense. The thing I find odd, is that marxists will never compare the real results with real results. They always make mental construct sets to compare to real results. That is how they fool people into believing in their BS. If their ideas were so potent, N. Korea, China and The Soviet Union should have all been paradise rather than slaughterhouses.
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At the very least, one of the Communist experiments should be doing as well as at least one of the private property economies.
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That has never happened yet and I don’t think it will ever happen. The closest the Marxist’s have ever come to it is Dengism (communism with a Chinese flavor) and you can see the results of that happening at this very moment. The Chinese bubble is bursting and I don’t think they can save it because they will try the usual, current remedies. IMHO, Xi is on his way out (lost the Mandate of Heaven) and their economy will collapse. The other alternative is the tried, tested and true method of WAR.
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The other thing about China is that they're sort of Communist in name only. They embraced markets to a very significant extent and the Chinese people are very entrepreneurial.
Obviously, they'd be much more prosperous if they leaned even further into markets, but they're more of a standard "mixed" economy than real communist experiments like Maoist China or the USSR.
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Of course, Deng was a real counter-revolutionary, when it came to the economy. He embraced market to a certain extent. Xi, on the other hand, has tried to wind in the line that Deng let out to the markets. Xi and his cronies really like this crony capitalism that is taking over the world. It allows them, personally, to join the oligarch class around the world.
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My sense was that China ran out of market reforms that wouldn't cut into some crony's racket.
I agree with you that they'll need a change from the top, in order to advance their economy further.
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I think the change is coming from the bottom up this time because the people are not going to take it any longer. This time the general population, with their real estate investments will be the ones to suffer heavily, and, consequently be the most pissed off. I think that even this time they will be pissed off enough to ignore the higher ups. They also have the slight problem of an imbalanced population, I believe it is about 60% male and 40% female at this point in the younger generations due to the one-child policy of the past.
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The number of young men lacking viable opportunities is a very significant problem for them. My expectation is that they are aware of this problem and it will be part of the reason for top-down changes.
I haven't sensed any revolutionary spirit from the Chinese people I know.