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I think China has a pretty solid foundation in my opinion. While the socially authoritarian nature of the Chinese government is obviously abhorrent, the central
by yogthos 7y ago
I think China has a pretty solid foundation in my opinion. While the socially authoritarian nature of the Chinese government is obviously abhorrent, the centralized planning approach has shown itself to be very effective when it comes to managing the economy and the industry. For example this [1] documentary on Shenzhen talks about how it grew from a fishing village into a major tech hub in a few decades. There are lots of other examples of China doing these kinds large scale modernization and industrialization projects. China has clearly demonstrated its ability to execute long term plans over the past few decades.
[1] https://www.youtube.com/watch?v=SGJ5cZnoodY https://www.youtube.com/watch?v=SGJ5cZnoodY