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by yonran
290 days ago
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> Singapore, Dubai, Rwanda—they're all copying the Chinese model: authoritarian capitalism I don’t know much about China, but I’m not sure the Chinese model of economic modernization today is much different than post-war US model that worked of defense-led capitalism, strategic resource stockpiles to maintain price stability, and strong antitrust. I think the Chinese economy is probably more free-market (in the sense that it is easier to start a business, and the Econ 101 model of pure competition that drives down prices applies to more markets) than the US is today. |
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