05-11-2020, 10:10 AM
(05-11-2020, 10:06 AM)Warren Dew Wrote:(05-11-2020, 07:21 AM)Bob Butler 54 Wrote: But China isn't a communist state anymore, really. The economy is in the hands of the capitalists. Do you kill a place optimized for them?
This was true under Deng and his immediate successors, but not under Xi. Xi is highly authoritarian, and that extends to the economy as well. That's why all the capitalists are moving their money to US real estate to the extent that they can.
Capitalism and authoritarianism are not mutually exclusive -- quite to the contrary. I agree that the shape of capitalism may change a bit, like it has among the oligarchy in Russia, but it's still money running the show. And yes, they hedge their bets, because they can.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.
