this post was submitted on 28 Sep 2024
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GenZedong
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A nominally leftist party (probably actually socdems) won the French elections at one point, maybe in the 70s. They got to work raising taxes on capitalists and their means of production. It took about two years before they rolled it back cause the capitalists just said "oh alright, we'll just leave and take our money with us then."
Yes, yes, do leave and go to China. That's where the money is porky.
(would they go to China in the 70s? Not sure where cheap manufacturing was being offshored too during the 70s)
AFAIK China’s opening up didn’t occur until the 80s or hit its stride until the 90s.
Gotcha, didn't remember if it was 80s or late 70s.