3 ms·
They are not lacking experience. Communist believe in centralized control, not free market.
by jcyw 11y ago
They are not lacking experience. Communist believe in centralized control, not free market.
- um_ya 11y agoSame with the Bernie Sander folks.
- beedogs 11y agobreitbart is that way -->
- pczzy 11y agoStopped trading about 30 minutes. China's stock market is a super large casino, childish, speculation, ignorance. https://medium.com/@Mfrbee/china-stock-trading-halted-early-after-7-plunge-447c4301010e#.sji1oy49h https://medium.com/@Mfrbee/china-stock-trading-halted-early-...
- adventured 11y agoThey are entirely lacking experience. China's capital markets are very new. Most of it is still so new it's considered embryonic and barely functional. Mass population speculation on and ownership of stocks is entirely new. Large scale real estate ownership by the Chinese people is relatively new. 30 years ago none of this existed. That's the very definition of inexperienced in the fields we're talking about.
- aerioux 11y agoI mean for a new market it's going pretty well :) - their trading and exchange systems don't seem to be having issues
- umanwizard 11y agoThe Chinese "Communist" party is not in fact communist in the classical sense. They are mostly technocratic and pragmatic, and modern China has a market economy. Don't read too much into names.