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Well, this is a forum where some degree of openmindedness is encouraged. There have been far many more economic and capital systems on this rock than just Amer
by redserk 3y ago
Well, this is a forum where some degree of openmindedness is encouraged.
There have been far many more economic and capital systems on this rock than just American capitalism.
- wil421 3y agoI used to think it’s open mindedness but I think it’s more hubris. The other day a guy was complaining about being in jail for a time and how unfair it was that he had a criminal record. Lots of open minded people praising him. Then a new user called him out for trying to get with a 12 year old. Yikes.
- redserk 3y agoRegardless, China figured out some formula that has been incredibly successful the last couple decades. While I have doubts about this approach being sustainable, hindsight is 20/20 and we can’t predict the future.
- qwerasdf5 3y agoThe "formula" was capitalism, introduced by Deng Xiaoping, which lifted hundreds of millions of Chinese out of poverty. However, Deng also introduced China's 1-child policy (decidedly not capitalism), which is now beginning to seriously strain the system. The future is indeed uncertain.
- amou234 3y agoSure, then by all means share your evidence or data for a successful foreign state owned enterprise vs private enterprises in that country and other countries
- jonnybgood 3y agoAramco
- nickff 3y agoAramco’s not a perfect example, as it was built up as a private corporation, and only nationalized as a relatively mature corporation. It also has a state-sanctioned monopoly on a very low-cost, high-price commodity. On the other hand and to be fair to Aramco, the Venezuelans managed to make a mess of their state oil monopoly.