“China attracts customers for its military equipment with cut-rate pricing and financing but there are hidden costs — especially when gear malfunctions,” Cindy Zheng, then a researcher at Rand Corp., wrote in a research paper just before joining the US-China Economic and Security Review Commission in the latter stages of the Biden administration.
Cindy no matter how hard you shill for empire, you’ll never be white
I just find the whole crying about state subsidies really funny in principle. Literally the whole argument for using markets over having a planned economy is that they’re supposed to allocate resources more efficiently. Yet, now we constantly see economies that defer to markets complain that command economies are able to produce things more efficiently than they are.
Just rediscovering an obvious fact that was always known. In the 50s it was conventional wisdom that the Soviet and DPRK models were producing faster growth than the West. The only times the West ever did anything impressive it was with heavy state planning and investment. It’s actually remarkable how everybody just… fucking forgot that from the 70s on.
There is a difference between having central planning at state level, and what happens under late stage capitalism where oligarchs cannibalize the country.
Cindy no matter how hard you shill for empire, you’ll never be white
I just find the whole crying about state subsidies really funny in principle. Literally the whole argument for using markets over having a planned economy is that they’re supposed to allocate resources more efficiently. Yet, now we constantly see economies that defer to markets complain that command economies are able to produce things more efficiently than they are.
Just rediscovering an obvious fact that was always known. In the 50s it was conventional wisdom that the Soviet and DPRK models were producing faster growth than the West. The only times the West ever did anything impressive it was with heavy state planning and investment. It’s actually remarkable how everybody just… fucking forgot that from the 70s on.
Exactly, the US didn’t become a dominant economic power by leveraging markets, it’s was done through massive state planning and command economy.
All economies are planned. The only question is who does the planning.
Do you leave that to a bunch of MBAs focused on quarterly profits, or a bureaucracy charged with looking for a state’s long term interests?
There is a difference between having central planning at state level, and what happens under late stage capitalism where oligarchs cannibalize the country.
The people who know it’s all bullshit slowly died out while the true believers took over.
and thank god they did
Kinda wild how the West has a whole industry for pulling the wool over its own eyes.
Priests at the altar of capital e Economics