Comment by yomismoaqui
10 hours ago
Say what you want about China's monoparty system, but it enables planning that spans decades.
Our 4 years terms is short slighted by design.
10 hours ago
Say what you want about China's monoparty system, but it enables planning that spans decades.
Our 4 years terms is short slighted by design.
I don't think this case has much to do with the mono party system but with the state taking interest to support a local industry at a loss but for future security.
Like for example the French government massively supported its aerospace and nuclear industry, and German government gave massive support to its legacy auto industry and they're not a mono party totalitarian system.
So it can be done even in democracies, but you need visionary leaders to spend money wisely on future industry bets and not just on buying votes from pensioners.
The big issue EU now has compared to the past when it kickstarted its nuclear and aerospace industry, is the massive burden of the welfare state that leaves little money for investments into other ventures, and boomers who are the largest beneficiaries of that welfare state, also account for the majority of the voter base, so the major EU economies France and Germany are stuck in a quagmire where the party who wins the elections is the one who goes more into debt for the welfare state.
So bailing out large corporations is a good thing?
Yes, but imo only if it’s done strategically and at a cost: if you want a bailout, you cede an ownership stake in return.
What I mean by the former is we shouldn’t, for example, be bailing out cruise lines.
No it isn't a good thing, who said anything about bailing out failing companies?
It's easy to blame the welfare state but IMO the problem is the general culture of being extremely risk-averse beyond reason. Same reason why big US companies lose the ability to innovate. Europeans just hate doing things the new way even if it's better.
EU has 7 years planning interval. Is not bad and tends to overlap the usual 4 years legislature in member countries.
Companies are on quarterly schedules.
Countries/cities/counties are often 4ish years.
XI has been the head of the CCP for 14 years
Hungary's Orban has been in power for how long? 16 years and counting? Is Hungary a paragon of growth and strategic planning?
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> Say what you want about China's monoparty system, but it enables planning that spans decades.
That's not a trait of a monoparty system, or even any totalitarian autocratic system. There are democratic multiparty systems which have plans that spans decades, and autocratic totalitarian regimes that barely put together a coherent multi-year project.