Chinese Economic demise..Wishful US Thinking?, page-83

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02/09/24

10:24

Post #: 75483534
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Originally posted by moorookamick ↑

Im neutral because I dont believe (and I observe to be so)
that neither Western or Chinese systems are ideal .

So from that point of view (non bigoted) then the
rational way to arrive at a better society generally
is to cherrypick the best elements of both systems
(strengths) and incorporate then into a system
which is better for all while at the same time,
where possible, avoid the weaknesses of either systems.

An good example of the differences between China &
the USA is how both countries acted during Covid:
-The USA over a 2 year stint prioritised economic
well being over minimising deaths
-China did the opposite

This is ironic IMO.

But back to your proposition that I favour China.
I dont because there is more to a society than its economy
and by simly saying that China's lack of liberty ideologically in favour
of equality critically impacts its economy may (and I say may because
we haven't enough historical data yet) not be true.

I'm just saying that why not have the benefits (strengths) of both systems
without the downsides (weaknesses) of both.

China's new Socialist/capitalist hybrid system has only evolved in the past
generation and, IMO, we'll have to wait until the economy matures over
the next 2 generations (say) to make a judgement based on outcome
and not on Ideology

This , somewhere in the future, requires a great Political/Economic /Social
synthesis more revolutionary than what we have seen in the past including
the various shots at Utophia

The Western World saw the necessary creep of Socialism (Keynesian Economics)
in the 1930 to save Capitalism from itself but that was quickly wound back
mainly due to the Capitalist minority class power post WW2.

And of course Communism (USSR & Mao Style) has been a failure
but that does not mean that a 21st form of hybrid Socialism/Capitalism
over time (if it survives) wont be the "bees' knees".

Capitalism had many false starts too in its first 100 years.

Our current "Welfare State" has gone part ways to save Capitalism so far.
That said, US imposed Neo-Liberalism (a pre-requisite to Aus floating our "Peso"
in the 1980/90s has would that back a flyshit, OMO. To float the AUD we
were required to divest SOEs such as CBA, Telstra etc etc and there are
varying attitudes on how wise that was.

Expand

Hi Mick
I see each political system separate from the people who lead them
IE the most perfect system will fail if the people running it are not managed/controlled by the public.
The split communistic system of China fails ( appearing to) due to the rate of change being experienced by the people that is not balanced by an appropriate relaxation by those at the top

Consequence = failure, not next year but in time and as it happens the overall power that can be exerted by that country in world affairs will decrease
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