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by rapsey 396 days ago
Chinese do capitalism better than anyone else. Chinese companies ruthlessly compete within China to destroy their competition. Their firms barely have profits because everyone is competing so hard against others. Whereas US/EU is full of rent seeking monopolies that used regulatory capture to destroy competition.
2 comments

How is consistently low profits across the board "better capitalism than anyone else"?
What you're describing is that China is doing the free market, while the US/EU is doing capitalism.