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by pmontra 837 days ago
Capitalism is not at odds with authoritarianism. They are orthogonal. The only thing capitalists must not do in those places is piss off the dear liders of their country.
1 comments

Yeah. How could the Chinese out-capital the US if capitalism was at odds with authoritarianism?

But unless it adopts some really stupid ideologies a liberal system should be able to produce more and better capitalists than an authoritarian one. Free markets breed capitalists like dropped donuts attract ants. It isn't like China is getting the best value out of their billion-odd people; the inefficiencies caused by over-centralisation there are still breathtaking and tragic.