chapotraphouse

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NYT: Efficiency in an economic system depends on if investors are VCs (efficient) or municipal sovereign wealth funds (inefficient). (archive.is)

submitted 4 days ago* (last edited 4 days ago) by [email protected] to c/[email protected]

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Hey guys I'm sorry but China is not gonna beat the allegations this time. They'd be a much better country if they abandoned their inefficient investment system where the profits of capital investment pay for infrastructure and public services. They need to be civilized and rational and add those profits to the wealth leader board highlighting the shittiest people in the country.

Consider this lefties, If we didn't have capitalism would we even know how much of a shithead Elon Musk is? Hmm?

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[–] [email protected] 6 points 4 days ago

I can't give an informed answer, but when I visited China for work I did see homelessness (people living in caves and getting water from a river as explained to me by our hosts). Not as prevalent as I've seen on the US West Coast