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this post was submitted on 05 Sep 2023
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I agree, but probably for another reason: China's development model (socialist market economy) was developed in consideration of China's unique historical circumstances. So, it's not necessarily a bad thing that other nations are better off developing another economic model.
That's a good point. Easy to overlook. China had to open up to develop technologically. Much of the west has the technological development but lags behind in development of the relations of production. The west may have to catch up again with industrial capacity. Otherwise, it's may take a very different set of steps to achieve socialism in the west.