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This generally seems like western media talking points rather than facts. 1. All businesses are not state run or directed. 2. Your characterisation of Guanxi
by onethought 5y ago
This generally seems like western media talking points rather than facts.
1. All businesses are not state run or directed.
2. Your characterisation of Guanxi (relationships) is kind of the western negative interpretation of them. America has lobbyists literally bribing politicians… sorry I mean campaign donations.
I’m not sure any of the above describe why China is pushing so far out in front in technology and development… it is more a list of things the west tries to tell itself so they don’t have to confront the fact that they are potentially being outpaced.
- rackjack 5y ago1. Most/all businesses above a certain size are state run or directed. 2. Sorry if it came off that way. It's just that in my personal experience, China is much more dependent on this kind of ingratiation compared to America. (e.g. I've never had to give the people who reviewed my college application gifts to increase my chance of admission or anything like that.) From what I can see, the reason China is pulling out ahead is basically: - they have a humongous population, with a fair portion in poverty, giving easy access to productivity gains by lifting them out of it - they possess probably a majority of the industrial complex of the world - they have a reasonably competent government All of which breed technological development. You probably have different insights though. (Also, things like patent and technology copying, etc. probably help.)