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Comments (9) (Please sign in to comment)
Night-Gaunt49 said, 6 months ago
About right.
Robert Landers said, 6 months ago
@Night-Gaunt49
For a supposedly Communist country China is awfully capitalistic!
ruff
said, 6 months ago
@Robert Landers
Maybe they have found out that extremes, either way, don’t work. Find the right mix? Maybe we should learn that too.
omQ R said, 6 months ago
I hate repeats.
Jase99 said, 6 months ago
China is still a Communist nation in that the Communist Party, and ONLY the Communist Party holds power. Most other vestiges of traditional communism has been removed.
Ms. Ima said, 6 months ago
Capitalism works wherever it’s tried.
Night-Gaunt49 said, 6 months ago
@Robert Landers
Everyone is Capitalistic. Use of Capital. They are just shifting from one authoritarian model to another since Free Markets do not equal Free Minds.
omQ R said, 6 months ago
I reckon that China saw all the tigering going on in the region and decided to emulate it. Both tiger & cub economies were mostly authoritarian despite being democracies. China just stepped it up a gear or two without bothering with democracy.
What is interesting is that Karl Marx railed against the excesses of the unfettered capitalism in the UK and thus came up with his theories, and now China is coming full circle. Its brand of capitalism is also devoid of regulation, rather, law! It moves whole villages or communities out of the way of industrial ‘progress’ without much consultation. It is still not a free-market. Everything is still state planned. It doesn’t really show free entrepreneurial spirit, it copycats. At any time the state can waltz in and distort the picture for its own ends. It isn’t really capitalism, it’s fake, a cheap made in China knockoff.
Whitecamry said, 6 months ago
No one-party state survives the ten years after hosting an Olympics as the residents of Berlin, Moscow and Sarajevo will attest. Let’s just hope the powers-that-be in Beijing make it a smooth regime change.