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by elil17
26 days ago
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It seems that the US may be in a process of signing itself up for many of the drawbacks of Chinese-style state capitalism (regulatory conflicts of interest, opportunities for politicians to rent-seek) with stakes small enough that the taxpayer will see little real economic benefit. |
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Though I’d say US is speeding with reimplementation of ruzzian style oligarchy (already happening with open corruption between government and broligarchs) with flavor of Chinese capitalism (this article).