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Comment by simianparrot

2 days ago

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Incredible how "keeping their people down" means leaps in personal wealth and happiness for huge swathes of the population and internal criticism is that it is a "poverty reduction machine" that is too focused.

  • If they had a government like Taiwan they would be significantly wealthier. Their government is a drag and should not steal credit from the actual people who made that wealth with their hard work and entrepreneurship.

  • They're not mutually exclusive. Lots of terrible and mismanaged governments rely on genius short-term economic exploitation, like Syria, Iran, India, Korea, etc.

    What would be incredible is China sticking the landing to a third-sector economy. Plenty of countries have industrialized over the past century, only a handful became true service economies.

    • You can only become a service economy by outsourcing everything to another country. It's not a sustainable model and it's related to imperialism.

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