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I would restate that as a more general advantage, possibly only when operating at China's immense scale: relative cognitive freedom in creating solutions due to
by contingencies 6y ago
I would restate that as a more general advantage, possibly only when operating at China's immense scale: relative cognitive freedom in creating solutions due to a broader pool of options. Because the sum total of available regulatory, fiscal, environmental and other resources necessarily exceed that of private actors, courses of action that would be untenable in other systems or require difficult and expensive public-private-partnerships are certainly feasible. This is why, for example, the 'super app' did not emerge in a western economy and China is one of the only countries improving its forest cover.