Earlier quoted context omitted.
Looks like China is attempting a hybrid approach. Free market with the government intervening whenever and wherever it feels like. They still get some optimization and some otherwise-impossible-projects. I'd say the jury is still out on this strategy.
> Looks like China is attempting a hybrid approach. Free market with the government intervening whenever and wherever it feels like. A caveat I'd add is that the Chinese government is subjective to the party. China's accomplishments are significant but they tend to be secondary to the political wellbeing of the CCP. That wellbeing is secured though the harsh and thorough quashing of dissent. I'd criticize China but C…
And so does Russia, which is another effective repressive dictatorship. From my perspective, they're just exceptionally adapt at pushing their propaganda abroad.
Historically, the USA was the only one doing that, but it's no longer the only player. (To be clear, I meant spreading propaganda abroad. The USA is at least currently not a repressive dictatorship. And I doubt it will become so before I die.)