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0 sats \ 3 replies \ @CliffBadger 7 Nov \ parent \ on: Econ October Recap econ
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.
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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