Is China more capitalistic now?
Discussion
Tbh, I don't know.
The discourse about China is always about what the government and the party is doing and never about the people, culture and society.
It is too politicised and psyop-y.
Like when I think and talk about America or Europe, I can easily differentiate the two.
The middle class has grown a lot in China. I actually met two Chinese girls that were born there and came to the US. One of them is actually here for a Chinese business and the other is in school. Both said that the portrayal of China in the media is exaggerated but one of them did mention there is a lot of surveillance. But there’s a lot of surveillance in the US and Europe. It was interesting that they felt China is a lot safer though.
Ah interesting. Talking to real people is a great way to cut through the psyop.
Based on my observation, speaking strictly in terms of economic policy, no country in the world is actually implementating pure socialism or pure capitalism.
I think what we have right now is called in the Austrian school as 'Interventionism', an attempt at balancing socialist policies and capitalist policies. This is what a vast majority of governments, irrespective of political system, is actually implementating.
One could probably point to a few holdouts who are stuck in the past, but an explicit attempt at total socialism, like the revolution-types we saw in the last century, is either dead in most countries or dying a slow death in others.
The Austrian view is that interventionism is unstable.
One intervention will cause distortions, instabilities and inefficiencies which will lead to either calls for more interventionist or more free market reforms. Constant quibbling and psyop by two sides are symptoms. Ordinary people are treated like rats in lab experiments by economists to test and refine their hypotheses, models and equations on.
It is a tiresome and horrifying approach to economic policy and economics in general.
