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> Singapore, Dubai, Rwanda—they're all copying the Chinese model: authoritarian capitalism with good PR. The author got one city in this list backward. China c
by delta_p_delta_x 1y ago
> Singapore, Dubai, Rwanda—they're all copying the Chinese model: authoritarian capitalism with good PR.
The author got one city in this list backward. China copied Singapore, through and through. Deng Xiaoping's state visit to Singapore was the catalyst and model for China's subsequent opening up and 'state capitalism'[1][2][3], where the party in power would have leverage and possibly ownership over both state- and privately-owned enterprises.
Singapore calls them 'GLCs', or government-linked companies, and they form the overwhelming majority of its GDP.
[1]: https://www.nlb.gov.sg/main/article-detail?cmsuuid=6c7cb559-4228-4043-81f7-dfb084e10c78#11 https://www.nlb.gov.sg/main/article-detail?cmsuuid=6c7cb559-...
[2]: https://eresources.nlb.gov.sg/newspapers/digitised/article/straitstimes19940520-1.2.35.13 https://eresources.nlb.gov.sg/newspapers/digitised/article/s...
[3]: https://thediplomat.com/2023/12/looking-back-on-deng-xiaopings-landmark-visit-to-singapore/ https://thediplomat.com/2023/12/looking-back-on-deng-xiaopin...
- cholantesh 1y agoQuite frankly, suggesting that the Gulf states are only now, thanks to the Chinese coming around to "authoritarian capitalism" and the importance of "good PR" seems a bit rich.