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This is good, less private industry to rob the people blind and create a decentralized authoritarian system with no accountability and vulture culture of free for all fighting.
Capitalism is exactly what brought prosperity to 600 million Chinese people, the other 500 million will follow. Marxism brought malnutrition and worse. Chinas problem is that those people don't have any good investment vehicles for their wealth. Chinas stock market is a government sham and many big corporations are state owned and corruption runs afoul.
Limited and tightly controlled capitalism is what got China to where it is. It's not like we have here in Murika. They don't need to change though, maybe som e adjustments.
This is good, less private industry to rob the people blind and create a decentralized authoritarian system with no accountability and vulture culture of free for all fighting.
May China return to the Marxist ideals of old.
Marx is only one economic philosopher of old. There are so many other individuals with other socialist ideas to follow. It's folly to try to go back to the "good old days" because 1) not everyone in China agrees that they are good old days in the first place and 2) the world must change and China must along with it or else it will end up falling behind again.
General rule of thumb; the more a government attempts to control an economy, the worse it becomes for that nation's citizens, and, ultimately, that government.
As altering basic systems is somewhat easier in totalitarian regimes, I suppose they'll take a crack at "making things better." Best of luck.
Limited and regulated capitalism. with protection for the prey of hucksters.
You dont think there was malnutrition in pre-Mao China?
Capitalism has its drawbacks and therefore very few countries today have 100% unregulated capitalism.
What makes China doomed is its political system - there's basically no political freedom and democracy. China regulates its economy and social orders to better serve the interests of the communist dictator and his small clique, not the welfare of the majority of the Chinese population.
There's a major reason why malnutrition is far less common these days - the agriculture technology makes it very efficient to produce foods. Pre-mao China was practically not industrialized at all.
General rule of thumb; the more a government attempts to control an economy, the worse it becomes for that nation's citizens, and, ultimately, that government.
As altering basic systems is somewhat easier in totalitarian regimes, I suppose they'll take a crack at "making things better." Best of luck.
Rich
Barely educated Emperor Xi doesn't have common sense we have.
Deng Xiaoping introduced some degree of freedom and capitalism when the Chinese economy was at the verge of collapse, not only to feed its people but also save the ruling of the communist party. Now, Emperor Xi is trying to reverse the progress and set China back to Mao's era.
There's no doubt that China is going to be a total disaster in the following years, but whether the totalitarian regime can sustain is debatable.
The ideal is a blend of capitalism and socialism. Both Deng and Xi searching for that in a fluid system. Equilibrium can only be reached through compensation for error.
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