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Excellent points! It is not a question of capitalism playing out, its state directed (and funded) economic expansion to further the national interest of China (
by noir-york 10y ago
Excellent points! It is not a question of capitalism playing out, its state directed (and funded) economic expansion to further the national interest of China (more specifically, Communist Party). You can see this in the "investments" made by China in Africa, and the Chinese string of pearls in the Indian Ocean, among others.
- quickben 10y agoBut it is capitalism playing out. Global democracy isn't, but that's disconnected from capitalism lately in certain countries. If the owners of a shop sell it, they can't complain they are forbidden to open a shop on a private land somewhere, whether or not the buyer happens to be the same. Same happens on a larger scale too. Sure, you can complain is not ethical, but capitalistic? This is capitalism itself in its final amalgamated state where countries and big multinationals control large swat of resources. Who will stop them? It was all fun and games when corporations were small and countries not experienced in the game, capitalism seems natural in that environment. Nowadays, this is the new reality.
- Retric 10y agoChina is capitalist only on the small scale. Huge chunks of the economy are directed by the government and it selects winners and losers all the time. The goal was capitalist efficiency gains without loss of control. So, yea plenty of people competing to sell lunch, nobody competing supply electricity.