Capitalism cannot compete with socialism. But of course these Wall Street ghouls will never admit that this is yet another admission that their system only enriches them at the expense of everyone else and the planet.

[–] tfowinder@lemmy.ml 1 points 7 months ago (2 children)

China markets are not really socialist, quite opposite if you look at the hyper competitive copy cat culture.

The real boost in my opinion is goverment promoting local manufacturers and buisness while limiting foreign companies reliance.

[–] Hooverx@lemm.ee 1 points 7 months ago

The real boost is SOEs. Competition is good, it just needs a single large-scale player more concerned about the public good than private profits to push the industry in the right direction. There's a reason SWCC works so well while the Soviet system failed. Deng Xiaoping was a genius.

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