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I'm not anti-market. I don't believe in planned economies, certainly not Soviet-style ones. > Even when the West sends foreign aid, it is diverted to politicia
by hnbad 3y ago
I'm not anti-market. I don't believe in planned economies, certainly not Soviet-style ones.
> Even when the West sends foreign aid, it is diverted to politicians
The function of a system is what it does. Do you think "the West" is just extremely foolish and doesn't know where that money goes, or do you think there might be a benefit to "the West" when those politicians become dependent on this money?
> while countries like China that have left the market run its course
China has been extremely protectionist and very tightly controls what foreign companies and investors can do in its market. It only started applying for World Bank loans in the late 80s and even then only for very targeted investment programs. Why do you think that is?