Re: Ideology battle: "Communist market economy" winning democratic market economy?
The notion that China has a communist economy is ridiculous - in no way does the Chinese economy operate on any type of 'shared' principles.
The notion that China will continue to grow is equally inconclusive. The reality is that China is leveraging its masses of poor labor to offshore manufacturing in 1st world nations - this is a service and one which could very much be replaced by one or more other nations, or obviated by economic issues.
It is equally unclear that the Chinese government is necessarily better. What is clear, is that China's government understands that it must do something in order to show progress, or else said government won't be around for long.
The massive bubbles ongoing inside China, once they pop (and they will do so soon), will reveal just how much was intelligent decision vs. overenthusiastic cheerleading, much as the Internet 1.0 bubble bursting revealed what was actually created vs. simple capital investment squandering.
The key is still what exactly do the Chinese people expect?
I've noted many times - it is physically impossible for the average Chinese to gain a lifestyle similar to Japan's or the US' in their lifetime.
If in fact their expectations are for that, then the government and nation of China are doomed.
If on the other hand the Chinese people are willing to permanently be poorer than the 1st/2nd world nations, then this is achievable depending on just how much poorer.
The notion that China has a communist economy is ridiculous - in no way does the Chinese economy operate on any type of 'shared' principles.
The notion that China will continue to grow is equally inconclusive. The reality is that China is leveraging its masses of poor labor to offshore manufacturing in 1st world nations - this is a service and one which could very much be replaced by one or more other nations, or obviated by economic issues.
It is equally unclear that the Chinese government is necessarily better. What is clear, is that China's government understands that it must do something in order to show progress, or else said government won't be around for long.
The massive bubbles ongoing inside China, once they pop (and they will do so soon), will reveal just how much was intelligent decision vs. overenthusiastic cheerleading, much as the Internet 1.0 bubble bursting revealed what was actually created vs. simple capital investment squandering.
The key is still what exactly do the Chinese people expect?
I've noted many times - it is physically impossible for the average Chinese to gain a lifestyle similar to Japan's or the US' in their lifetime.
If in fact their expectations are for that, then the government and nation of China are doomed.
If on the other hand the Chinese people are willing to permanently be poorer than the 1st/2nd world nations, then this is achievable depending on just how much poorer.
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