NATO leaders are expected to call out China for its support of Russia’s war machine at their summit in Washington. However, they are divided over their approach to the Indo-Pacific region.
A planned economy focussed on long term (economic) power vs. market driven short term incentives led to a lot of indispensable goods beinganufactured only in China.
Now the dependence for critical supplies is an economic weapon that can be wielded by China. Even a lot of base products for medicine come from china, let’s see what happens.
Chinese people do compete for basic necessities though; stores aren’t passing out goods for free and rent/mortgages are very real.
Is there something you are familiar with that they don’t have to pay for? I suppose health care and public education, but that’s not particularly unique to China.
Deng Xiaoping, when laying out the market reforms of the 80s, was quoted as saying “it doesn’t matter whether the cat is black or white, as long as it catches the mice”
A planned economy focussed on long term (economic) power vs. market driven short term incentives led to a lot of indispensable goods beinganufactured only in China.
Now the dependence for critical supplies is an economic weapon that can be wielded by China. Even a lot of base products for medicine come from china, let’s see what happens.
I have my qualms about China but I gotta admit they really used economies of scale and long term planning well.
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That is also a good point
The Chinese rank 60th in happiness, which is ahead of Greece, Russia, Turkey, India and other market economies.
There are other ways to care for your population than making them compete for basic necessities. It’s unfair to judge by your own lens.
But then again, this is probably much too much nuance for this thread.
Chinese people do compete for basic necessities though; stores aren’t passing out goods for free and rent/mortgages are very real.
Is there something you are familiar with that they don’t have to pay for? I suppose health care and public education, but that’s not particularly unique to China.
Deng Xiaoping, when laying out the market reforms of the 80s, was quoted as saying “it doesn’t matter whether the cat is black or white, as long as it catches the mice”
It turns out now that we are the mice.
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