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The advantage China has is that they can plan over the long term without worrying about short term concerns. This means that they are in a better position to av
by Bakary 6y ago
The advantage China has is that they can plan over the long term without worrying about short term concerns. This means that they are in a better position to avoid the slide into wrong decisions that compound over time, though by no means immune to it.
- medium_burrito 6y agoIf they are so good at long term planning, then why is so much stuff they do shortsighted? IE... Building the 3 Gorges dam out of various types of concrete, and not letting it cure properly, etc. Every possible corner was cut, repeatedly. This is a project that not only supplies power- it is supposed to control floods, and they more or less agreed that it won't work for that. The damage to the dam this year must have been immense, and as the climate changes we can expect more of the same kind of rainfall and flooding. In no possible universe is a major dam collapse flooding Wuhan under 2m of water and washing away Pudong an example of "short term concerns". Building empty cities, despite having a population that will decline very soon, and low quality construction that degrades relatively quickly. Ok, short-term consequence is the real estate bubble keeps on going, but if you are worried about the long term, probably better to nip that in the bud. And don't even get me started on the Belt and Road initiative, which is an expensive jobs program that has hurt China's image abroad.