[vosper]

> There's a level of admiration I actually have for China. Their basic dictatorship is actually allowing them to turn their economy around on a dime.

It's wrong, too - the Chinese economy is in trouble, and has been since Covid. Xi has accumulated more autocratic power, but if he's able to use it to "turn their economy around on a dime" then he's not doing so.

[Mavvie]

I don't disagree, but the quote is from 10 years ago. Long before COVID.

[lambdasquirrel]

On the contrary, I’m not sure that those big government interventions have often worked out. There may have been a grain of truth to what the libertarians have been saying all along. What have we gotten for our interventions? Wildly bloated asset prices? A younger generation that can’t afford a home?

[cloverich]

nit: You don't have to be a libertarian to be opposed to government interfering with market dynamics, when its not for explicit safety (i.e. FDA, EPA, etc).