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0 sats \ 8 replies \ @Solomonsatoshi 7 Nov \ parent \ on: Econ October Recap econ
Give some examples of a wealthy nation/economy where the government was not instrumental in the creation of wealth?
Even one?
SILENCE!
Without government ensuring consistent rule of law you cannot easily build any business let alone a prosperous economy.
Bitcoin does not provide any security of wealth except within its own system and even that would struggle to operate without the sophisticated networks of electricity, internet and computing made possible by nation states and their legal and governance frameworks.
Really? Sophisticated networks of electricity? The PRC's sole ally is a black hole.
Governments didn't invent the internet. The internet is a private sector invention (as are all inventions) and governments have done nothing but attack it since its inception.
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You conceded that a thing does not need a government subsidy in order to exist. Everything that exists without government commanding it to exist is the example.
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Sure some things can exist without any need for government involvement- but many cannot- for example strategic supply chains of rare earths!
Only a skilled and strategic government will invest in such vital supply chains knowing they are fundamental to international competitiveness.
Without rare earths the US industrial military combine is fucked and so Trump must Beg Xi for them.
Xi has given Trump 6-12 months of strictly limited and conditional (no supply to military end users) supply while China perfects its 3nm microchip production lines!
So you demonstrate you still do not understand (or ignore) how the mixed economy creates a more powerful competitive system to one entirely driven by free market competition.
For example the Chinese strategy of building and providing electricity to Chinese producers at the lowest possible cost using scale and government direction of capital which in turn gives Chinese manufacturers a huge advantage over all competing manufacturers in other nations where private generators demand profits from the supply of electricity.
And you cannot give any example ever in human history of any nation or economy where the government has not been a fundamental factor in the wealth and success of that economy- because there are none!
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And you cannot give any example ever in human history of any nation or economy where the government has not been a fundamental factor in the wealth and success of that economy- because there are none!
I don't think you've shown me an example where government has contributed to economic success. Your chart shows China is about 50 years behind where it would be if Mao hadn't spent decades wasting everyone's time with government regulations.
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I have given multiple examples including the rare earths and Chinese electricity supply being built at 1/4 the cost of US nuclear.
Yes Mao did not advance the Chinese economy because he did not operate a mixed economy- he operated a very strict Communist command economy because the requirement then was to resist the threats from the west to remove the CCP by force or subterfuge.
Only since Mao, and the US recognition of PRC in 1971 was Deng able to apply the mixed economy which has led to China now enjoying global domination in manufacturing and commodities markets.
So you still cannot give a single example of any successful economy EVER ANYWHERE which developed without significant involvement of government working with industry.
Without rare earths your crony capitalist US Imperialist empire is Fucked.
Look at the incredible low cost of building nuclear in China by using enhanced designs and strategically developed supply chains within China.
With such huge cheap electricity supply China enjoys a huge strategic advantage in the development of AI, and every other electricity dependent modern product.
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You act like Mao had any kind of strategy besides killing everyone. He did the same thing every government does when there's no separation of economy and state.
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the requirement then was to resist the threats from the west to remove the CCP by force or subterfuge
It's not a threat. It's an offer to help. Allying with the communists is a choice.
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