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China is not a free market. Capitalism is a new thing for them, their regime will not hesitate to go back to the old ways even if they have to starve the entire
by whatever1 1y ago
China is not a free market. Capitalism is a new thing for them, their regime will not hesitate to go back to the old ways even if they have to starve the entire population to death to ensure that the regime survives.
- yanhangyhy 1y agoChina people can buy Huawei and Apple phones, but the U.S. cannot buy Huawei phones. China people can buy BYD, Telsa and various other countries’ cars, but North America cannot buy BYD(and any other chinese brands).
- whatever1 1y agoNot even the Party claims that China is capitalistic. I don't see the point you are trying to make. You cannot succeed or do any sort of business in China unless you have the blessings of the Party. Whether your are an unimportant shop owner or Jack Fucking Ma. When the time comes to close completely the borders, the Party will not look at the stock market or the house prices. They will do what they think is the best, for itself. These are not new things, they happened in the previous generation in Eastern Europe.
- DiogenesKynikos 1y ago> Not even the Party claims that China is capitalistic. They claim that the market plays the "decisive role" in setting prices. > You cannot succeed or do any sort of business in China unless you have the blessings of the Party. Whether your are an unimportant shop owner or Jack Fucking Ma. This is an exaggeration. They don't care what an unimportant shop owner does. They do care what the leader of a massive tech / financial firm does, and they really don't like it if he does things they think are dangerous for the stability of the financial system while publicly criticizing the financial regulators.
- cholantesh 1y ago>China is not a free market. Correct, China actually exists.
- IAmBroom 1y agoFunny, but even "mostly free market" is not accurate.
- cholantesh 1y agoWell, yeah, it's hard to approximate a bullshit ideological abstraction.