It's pretty clear what I'm talking about: just what I wrote.
What is it with this topic that makes people needlessly agressive? I understand you disagree but I'm open to discussion.
To get back to my original point, I think modern China is actually pretty far from 'greed is good'.
It's an autocratic country where the central party has a tight leash on the economy and which doesn't hesitate to make CEOs disappear when they get too rich and powerful. Population movement is strictly controlled and central planning is very much alive and kicking in the more rural part of the country.
Even the housing market bubble was propped by state owned companies with state owned banks money which is why it's not exploding spectacularly.
Viewing China has a free market economy is a mistake. It's a mixed socialist market economy and under Xi that means a lot of socialism with a dash of free market.
The folks in the CCP are the ones getting rich. That doesn’t make it any less ‘greed is good’. It just adds the extra frosting of ‘government corruption’ on top.
That said gov’t can throw billionaires under the bus and use elements of the state to prop the system up may look nicer - but the average person still ends up losing/paying. We’ll see in a decade what that really looks like eh?
To get back to my original point, I think modern China is actually pretty far from 'greed is good'.
It's an autocratic country where the central party has a tight leash on the economy and which doesn't hesitate to make CEOs disappear when they get too rich and powerful. Population movement is strictly controlled and central planning is very much alive and kicking in the more rural part of the country.
Even the housing market bubble was propped by state owned companies with state owned banks money which is why it's not exploding spectacularly.
Viewing China has a free market economy is a mistake. It's a mixed socialist market economy and under Xi that means a lot of socialism with a dash of free market.