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hiphipjorge | 5 years ago

China does absolutely scare the crap out of both it’s own people and people abroad, but economically it’s clear they’ve done a lot of things right over the last 40 years. The US could learn a thing or two from the communists when it comes to Capitalism.

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digitaltrees|5 years ago

I don’t think they’ve done things right; they were granted access to the global trade network and had wages at pennies on the dollar from other countries. It would be almost impossible not to grow under those circumstances. Let’s see if their decisions are as effective when wages are more on parity and they are competing as peer economic levels.

claudeganon|5 years ago

> I don’t think they’ve done things right; they were granted access to the global trade network and had wages at pennies on the dollar from other countries. It would be almost impossible not to grow under those circumstances.

I’m guessing you don’t know that this was also true of America in the 18th and 19th centuries and a large part of how it became so wealthy. Especially when they kept using slaves long after it was banned elsewhere.