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 3 days ago* (last edited 3 days ago) (1 children)

I don’t disagree with you at all but if you actually read the article, the author doesn’t say the American system is superior than the Chinese, rather that China is more complex than what people superficially see it as and Americans should seek to understand it in its entirety rather than seeing only the good side and praise it, or only the bad side and criticize it.

[–] [email protected] 3 points 3 days ago

Yes the author is very careful in her wording but that's not how this is perceived by people in the US