ralfy
Gold Member
- Feb 26, 2015
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Everything about capitalism seems to be on a knife edge, one thing goes wrong and it sets off the house of cards falling.
China seems to want to change that, moving more towards "socialism with Chinese characteristics", the problem is that the way the Chinese govt works, it'll just end up either in disaster or going back to another DengXiaoPing having to reform everything and go back to Capitalism.
I think it's more like capitalism with Chinese characteristics. Critics have been complaining about that since the 1980s. What they don't know is that it's actually nationalist economics similar to what Japan, South Korea, Taiwan, and others did.
What you're probably referring to isn't "Capitalism" but U.S.-style neoliberalism. Countries that tried that, like the Philippines, didn't succeed. Even Russia and Ukraine fell apart when they did similar via "shock therapy" advised by U.S. economists.