Earlier quoted context omitted.
It works in china because CCP thinks, "if it's better for business/control/money/people, we'll do it, doesn't matter if some of us loses in this" Basically, if you are in goverment and you've stock holding in Gas cars, and they are lobbying, gas cars stay. But in China, CCP will simply acquire controlling interest in new winning EV firm if it's better from the perspective of power/money/control over an industry, so t…
And yet, in a weird way it's working in a way that aligns to wider, long-term, individual interests. By making the government the controlling monopoly, China ends up with a form of capitalism where externalities apply to other countries rather than surrounding corporations and citizens. That's kinda interesting compared to how most other capitalist nations are handling their shit right now. You can do 'common good' s…
Only so much as the interests of individuals align with those of business and the state. Anything threatens stability (e.g. individual freedoms, business models that allow people to circumvent state authority) is a threat to the state and to business by proxy and is struck down.