>> unlike lawyer based government in the West. Maybe for state-backed projects. That "lawyer-based" government means very strong and predictable rules that pr

>> unlike lawyer based government in the West. Maybe for state-backed projects. That "lawyer-based" government means very strong and predictable rules that protect investments. It starts with property law. People building big things, thing bigger than skyscrapers, want strong ownership rights enforced by a responsive legal system. The west has that. China does not. Protecting fixed assets in placed like China or Egypt means keeping politicians and soldiers on side, most often by giving the government a large ownership stake in the project. That limits innovation. That limits mobility.