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Chinese do capitalism better than anyone else. Chinese companies ruthlessly compete within China to destroy their competition. Their firms barely have profits b
by rapsey 1y ago
Chinese do capitalism better than anyone else. Chinese companies ruthlessly compete within China to destroy their competition. Their firms barely have profits because everyone is competing so hard against others. Whereas US/EU is full of rent seeking monopolies that used regulatory capture to destroy competition.
- immibis 1y agoWhat you're describing is that China is doing the free market, while the US/EU is doing capitalism.
- ranger_danger 1y agoHow is consistently low profits across the board "better capitalism than anyone else"?