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Interestingly, China, who does capitalism better than the west, is not very concerned about short term voter happiness or placating special interest groups. So
by pnut 2y ago
Interestingly, China, who does capitalism better than the west, is not very concerned about short term voter happiness or placating special interest groups. So it's not a given that government spending must be constrained by historical assumptions, or that that model is even optimal.
I'd say many of the moves towards autocracy in the west are pointing in that direction, for better or worse.
- s1artibartfast 2y agoThat's obviously a provocative claim. I wouldn't say that they "do capitalism better", but I would say that they have better industrial policy. https://en.m.wikipedia.org/wiki/Industrial_policy https://en.m.wikipedia.org/wiki/Industrial_policy