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And your better alternative is........... ?
by ars 2y ago
And your better alternative is........... ?
- margalabargala 2y agoCapitalism with much stronger consumer-protection regulations?
- kelipso 2y agoChina is doing pretty well. In before a wall of text about how China is doomed or whatever.
- realusername 2y agoChina is doing well is a funny take post covid. The argument worked much better 10 years ago when they still had large growth. "Doomed" I don't know but they seem quite stuck now between a lot of internal problems.
- ausbah 2y agoonly once they switched to free market principles under deng. iirc as their growth has been slowing it has been due to increasing state clampdown on the economy
- giovannibonetti 2y agoI assume you aren't aware of China's housing market bubble [1]. [1] https://en.m.wikipedia.org/wiki/Chinese_property_sector_crisis_(2020%E2%80%93present) https://en.m.wikipedia.org/wiki/Chinese_property_sector_cris...
- mistermann 2y agoCapitalism moderated by various systems emerging from a genuine, sophisticated democratic system would be my advice. We have a lot of work to get from here to there though, and much of it is the undoing of mass psychological condition.
- readyman 2y agoCapital will simply undermine the democracy again. It's literally that simple. Capitalism and democracy are fundamentally at odds.
- mistermann 2y agoThis part is important: > from a genuine, sophisticated democratic system Do you think something more powerful than capitalism is impossible?
- truckerbill 2y agoSocial democracy
- atq2119 2y agoMarket socialism. Or some in-between that recognizes that wealth and corporate power has a genuine responsibility to society as a whole. Myopic focus on profit as the only metric is the biggest problem, after all.