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China's economic success began with the transition to market economy, not the other way around. Edit: Also, China is a very capitalist country compared with, s

by e3b0c 9y ago

China's economic success began with the transition to market economy, not the other way around. Edit: Also, China is a very capitalist country compared with, say, EU.

Hasknewbie 9y ago
> China is a very capitalist country compared with, say, EU. That is patently false. In China it is impossible for foreign companies to compete on a level playing field. There is a huge amount of protectionism and anti-competitive practices, the currency is manipulated to favor exports, and it's basically impossible to make it big without ties to the CCP.
- mistermann 9y ago
  Capitalism 2.0, now performs 10 times faster.
- richardknop 9y ago
  It’s kind of similar though in Europe. France, Italy, Germany and other European nations are very protectionist. Hell, entire EU is basically a protectionist conglomerate of nations so they can protect their economy against competition from emerging markets, Asia, South America etc. Chinese companies trying to have any meaningful presence in Europe also have to be in bed with local politicians and ruling class.
  - Hasknewbie 9y ago
    You are missing the point. Yes there is protectionism in the EU, but the claim was: China is very capitalistic compared to the EU. That is just false. In the EU you can start your business wherever you are a legal resident, the regulations are a known quantity and essentially you just have to mind your own business. This is not so in mainland China, your applications can be arbitrarily denied, and if your business does too well, you will get a knock on the door asking if you are a "good comrade". All big businesses there are tied to the CCP one way or another.
- alva 9y ago
  > There is a huge amount of protectionism Yes, like the 74% Steel tariff the EU imposes on China Or how about solar panels from China which are hit with 65% tariffs unless they are sold at a minimum price (which is higher than average EU equivalents)? The EU not being protectionist is a widely believed meme.
- tathougies 9y ago
  Capitalism has little to do with allowing foreign corporations to compete in your market
  - Hasknewbie 9y ago
    Correct, but the points in my second comment below also apply if you are Chinese. If you do business in China, even if you're a local, you're on a leash.

by e3b0c 9y ago

China's economic success began with the transition to market economy, not the other way around. Edit: Also, China is a very capitalist country compared with, say, EU.

Hasknewbie 9y ago

> China is a very capitalist country compared with, say, EU. That is patently false. In China it is impossible for foreign companies to compete on a level playing field. There is a huge amount of protectionism and anti-competitive practices, the currency is manipulated to favor exports, and it's basically impossible to make it big without ties to the CCP.

mistermann 9y ago
Capitalism 2.0, now performs 10 times faster.
richardknop 9y ago
It’s kind of similar though in Europe. France, Italy, Germany and other European nations are very protectionist. Hell, entire EU is basically a protectionist conglomerate of nations so they can protect their economy against competition from emerging markets, Asia, South America etc. Chinese companies trying to have any meaningful presence in Europe also have to be in bed with local politicians and ruling class.
- Hasknewbie 9y ago
  You are missing the point. Yes there is protectionism in the EU, but the claim was: China is very capitalistic compared to the EU. That is just false. In the EU you can start your business wherever you are a legal resident, the regulations are a known quantity and essentially you just have to mind your own business. This is not so in mainland China, your applications can be arbitrarily denied, and if your business does too well, you will get a knock on the door asking if you are a "good comrade". All big businesses there are tied to the CCP one way or another.
alva 9y ago
> There is a huge amount of protectionism Yes, like the 74% Steel tariff the EU imposes on China Or how about solar panels from China which are hit with 65% tariffs unless they are sold at a minimum price (which is higher than average EU equivalents)? The EU not being protectionist is a widely believed meme.
tathougies 9y ago
Capitalism has little to do with allowing foreign corporations to compete in your market
- Hasknewbie 9y ago
  Correct, but the points in my second comment below also apply if you are Chinese. If you do business in China, even if you're a local, you're on a leash.