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The USSR had the same strategy. It didn't work back then because the goal posts moved faster than they could march toward them.
by jdsully 3y ago
The USSR had the same strategy. It didn't work back then because the goal posts moved faster than they could march toward them.
- addicted 3y agoExactly. This also further deepens Chinese dependence on the government which means the government’s on the hook for more things. And the way the Chinese government is doing it they’re on the hook on both sides, both on the supply and demand side.
- alephnerd 3y agoThis is something the Xi Administration is fine with. His administration is largely traditionalists within the CCP, who are apathetic to market capitalism due to a couple very high profile corruption scandals in the 2000s and early 2010s.
- anticodon 3y agoMarket size of USSR was tiny compared to Chinese market size. Also, USSR was a socialist country with plan economy, China is capitalist economy. It's incorrect to compare China to USSR.