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by nick49488171
134 days ago
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China is capitalist on a state level, that's where they are winning. The US lets things get mired in red tape and special interests because nobody wants to take responsibility for growth. In China, I imagine that if your company does something relevant to the five year initiative then you get a lot of red tape cut for you. |
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i.e. in China, the government controls capital; in the US, capital controls the government.