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this post was submitted on 17 Feb 2025
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Honestly I’m not the biggest fan of everything in China but these are the types of problems the Chinese government seems to try to figure out a lot more than our governments do.
Strengths and weaknesses. Each country has some. Often the net makes them worse than other countries, but that doesn't mean they can't have better aspects
Meh. Most countries round the world seem to suffer from the same problems to me. Sometimes the jack boot on your neck presses down more. Sometimes less.
The PRC largely keeps their bourgeoisie in line by holding almost all of Heavy Industry and large firms in the Public Sector. The owner of a rubber ball factory has far less influence over the economy than the Rubber Factory. In the PRC, banking, energy, steel, infrastructure, and many more critical industries the Private Sector must rely on are held in Public hands. That's the basis of SWCC.
Time will tell if this was the "correct" choice, but so far the gamble appears to be paying off. There's a long way to go, but the path forward is open and not closed.