My favorite part here is how we’re constantly told that state planning doesn’t work and that’s the reason we need free markets that aren’t regulated and why government subsidies are bad. Yet, when China starts outcompeting the west on every front using state planning, all of a sudden we get all this whinging. It’s like if your model is so good then what are you complaining about. Every country can run its economy any way it likes, but doesn’t get to tell other countries how to run theirs. If our model can’t compete then maybe it’s the one that needs to change and not China’s. Just a thought.
It’s like if your model is so good then what are you complaining about.
The model guarantees that Western financial interests always come out on top. When Chinese industrial interests stop playing the game of profit-maximization and start flooding the market with low-margin high-value commodities, they’re engaging in 19th century industrial expansion rather than 21st century financial rent-seeking.
I’m not a “China is secretly doing a Super Capitalism” guy, but I can definitely see why the Super Capitalists are alternately very nervous and very pissed. If Chinese firms were doing Super Capitalism, this would be a great way to gobble up a bunch of market share and force western businesses into a lower-value supporting role.
My favorite part here is how we’re constantly told that state planning doesn’t work and that’s the reason we need free markets that aren’t regulated and why government subsidies are bad. Yet, when China starts outcompeting the west on every front using state planning, all of a sudden we get all this whinging. It’s like if your model is so good then what are you complaining about. Every country can run its economy any way it likes, but doesn’t get to tell other countries how to run theirs. If our model can’t compete then maybe it’s the one that needs to change and not China’s. Just a thought.
The model guarantees that Western financial interests always come out on top. When Chinese industrial interests stop playing the game of profit-maximization and start flooding the market with low-margin high-value commodities, they’re engaging in 19th century industrial expansion rather than 21st century financial rent-seeking.
I’m not a “China is secretly doing a Super Capitalism” guy, but I can definitely see why the Super Capitalists are alternately very nervous and very pissed. If Chinese firms were doing Super Capitalism, this would be a great way to gobble up a bunch of market share and force western businesses into a lower-value supporting role.
Yeah, very different goals within the two systems.
Sure.
One’s a centrally planned economy seeking to minimize social upheaval.
The other is a fully-privatized plutocracy seeking to back-door chattel slavery and feudal aristocracy.
But because of the absolute brain-rot that is western media, folks in the US/EU still can’t tell the difference.