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China went from a nation where half of the country was eking out a 18th century existence to a modern economy in my lifetime. They embrace capitalism, with a g
by Spooky23 2y ago
China went from a nation where half of the country was eking out a 18th century existence to a modern economy in my lifetime.
They embrace capitalism, with a government leash to align with their strategic plan. The United States does something similar, but we align it specifically to defense and agriculture, and select areas of finance & real estate.
The US strategy was that China would be the donkeys doing the labor, and Americans would be the smart people doing the design. The problem is that China is developing the brains to do the heavy lifting in more and more areas, and we’re seeing civil unrest develop as we focus on productivity (ie more work, less people) for US jobs.