Interesting take
https://relay.utxo.one/a4a9f2c5eb514ee0ca19836c7076b88e844f68dbf16843be1e0c2e05471bc4d9.mp4
Discussion
It’s an interesting take but a simpler explanation is that the strict nature of the CCP in the past was too problematic and they were incentivized to loosen things up and allow more economic growth. I’ve heard die hard communists say that China isn’t completely communist because it has too many capitalist elements.
Yeah, he's not wrong. Money has absolutely perverted the halls of power in the west. The alternative he's speaking of however is just the current king. Anything can happen when the next one comes to power
Nice to meet you ailo 🤝😉
And thats why Chinese schools are full of immigrant American children wanting desperately to learn and build businesses and grow their families in China.
And they totally don't have gulag reeducation camps
This is also a country that fucked its demographics and had to pull a 180 because like five dudes decided people could only have one kid.
Central Planning For The Win!
They sure do have expat Australians and Euros trying to do just that.
I know a few, mostly in HK.
But the barriers to entry are high!
The vast majority of Chinese students in America have no intention to stay here. They hang out with the other Chinese students, not even bothering to learn English properly, share notes and homework answers with their Chinese buddies to pass classes and get their diploma before returning to China and working in their millionaire daddy's company.
They have no value for American customs or values, they scoff at the culture. They look down on the level of development of the (usually) small-mid size college town they're studying in. They don't even want to speak much with the relatively broke American students in their school. They use Top 100 American colleges as a shortcut to an easy prestigious diploma. They couldn't get a good enough score on the Gaokao for an equally prestigious school in China so they just use daddy's money to get an American diploma that still holds similar weight by the boomer business world there.
The world doesn't envy anything about America except the money. No one who has good money in their home country wants to live here.
And that’s why you can always find a little America Town across every Chinese city.
Reread my last paragraph.
The Chinese American population are mostly descendants of dead broke Chinese immigrants who came here to make a living. Even they want nothing to do with American culture. Isolating into their own little Chinatown bubbles is not a sign that they love and want to join the American culture.
Of course a lot of their kids are Americanized and try to fit into the culture here, but no one who grew up in China loves American culture.
Thanks for sharing, interesting
Those are some intriguing points from this guy.
China is a dictatorship regardless, though. Technocratic nonsense has plagued China for a little bit now, and it's shown.
Interesting take. Not sure I’d want to live in China though
This is the same argument as used to defend any totalitarian government. Basically "if we give total power to X, they will use it to hold back Y", and it always has an implicit assumption that X is good and will never turn evil.
He presents "policy changes without party changes" as if it's a good thing, but your country being able to switch between Mao Zedong and Deng Xiaoping is not the flex you think it is, considering it just takes the next ruler being a little psychopathic to switch right back with some lame excuse. We saw the shit they did during covid. We see what they do in Xinjiang and Tibet. At least America and Europe is relatively predictable. You can see the cultural trends from years in advance. Unless your trying to build a business in a legal grey area, you are gonna be fine if your not completely delusional. Just look how Jack Ma got disappeared with no warning. In China your fine until you're not.
True enough re China, not so sure about your depiction of the contemporary West.
Relatively predictable for us only if we grew up here and if we keep fingers on the pulse. (Who honestly foresaw "sexual orientation" and "gender equality" getting cancelled and replaced?). The West today is intensely ideologically-driven, and governed capriciously and elitely.
If you're NOT building your business in a legally grey area, the ceiling is pretty low thanks to cronyism and regulation.
American milage may very, at least for some states...
>If you're NOT building your business in a legally grey area, the ceiling is pretty low thanks to cronyism and regulation.
Makes it harder but I assure you its very much possible to make good money even in established sectors. Grey areas are tempting if you have a high time pref and aren't properly appraising risk (there is no way to even somewhat accurately appraise political risk but it's usually higher than you think)
You must be in the USA. Here, established sectors are regulated to within an inch of their lives, and nothing new is contemplated without a government grant...
The purpose of a system is what it does.
What it’s called is only relevant in so far as perception of the governed, power shifts over time regardless of how the system is implemented as it has in both the US and China.
America is getting towards the end of its cycle, China is in a period of aristocracy, but it would be folly to think they won’t eventually slide into Oligarchy as capital further accumulates; they just haven’t yet.
Are they saying Chinese politicians can't be bought?😂😂😂
interesting
That was an interesting take. Of course I'm hearing all of this through an Austrian economic lens.
In practice, every individual in the government is a selfish actor who is motivated by capital as much as the non-political market actors are.
What ends up happening is the government becomes more and more integrated into the economy until only the politically connected are wealthy.