switchboard_pete
Again, you’re thinking from a perspective of a market economy which China is not.
no, i’m thinking from the perspective of resources being finite, which they are
also, i don’t think you know what a market economy is. china literally calls itself a market economy
I’m sure that saving countless millions of lives and preventing people from becoming sick and turning into a strain on the healthcare system is actually very good for the economy.
the meme of “countless millions of lives” aside, you making this argument means that you accept that china shifting more to state-capitalism than regular capitalism isn’t intentional, so i’m not sure what point you’re trying to make
The difference being that China is not neoliberal
i’d respond to this paragraph but you really haven’t made a coherent argument past “us bad china good”
At the level of entire countries this logic can break down.
no, because resources are always finite. the resource doesn’t have to be “money”.
It is not, generally speaking, more economically efficient to deindustrialize your own country
china is literally taking money that they could invest in domestic industry and investing it in industry overseas
i guess now you get to explain why they’re doing that if some form of economic efficiency isn’t the answer
The thing they wanted you to see were the statistics, not the guesswork and editorialization from that article.
“don’t look at that bit of the source i just chose to show you” would be an astounding bit of mental gymnastics
ask them what happens when a guy walks into a women’s restroom and says they’re a trans-man but is lying and isn’t actually trans?
it occurs when it’s economically more efficient to move industry out of your country than to keep it in
unless you’re suggesting china will willingly run the bulk of its industry with decreasing efficiency over time for the sake of keeping lower paying jobs domestically
These developments look increasingly structural. The authorities’ stance since 2020, including regulatory tightening and zero-COVID lockdowns, appear to have inflicted long-lasting damage to China’s private economy, the dynamism of which was a defining feature of its economic miracle in the past four decades. Nearly 20 months into China’s COVID reopening, the private sector has yet to bounce back, despite many pro-private business utterances and gestures from China’s leadership.
i’m not sure private businesses failing over covid is a good thing for an economy