bert

Does China Truly Offer an Alternate Economic Model?

China has implemented the inverse of the welfare state. They subsidize selected industries rather than the poor. It's ironic because it is the opposite of the original Marxist intentions of communism. Going against the original intentions of communism is enough to explain their rise. Drifting steadily towards the original intentions of communism is enough to explain our decline. Market forces work for evolutionary reasons success is selected and failure punished. The Chinese have enhanced the process. The US has encouraged the opposite. Due to their lack of freedom they may fall victim to corruption. I suspect some regions that were subjected to communism have learned some lessons the hard way.