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Comment by chongli

7 hours ago

China doesn't have flip-flopping like this with its attendant massive waste. Instead it has endemic corruption which siphons off funds all over the place, perhaps with the exception of the big projects that command the full attention of central leadership.

17 comments

chongli

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FranklinJabar  6 hours ago

> perhaps with the exception of the big projects that command the full attention of central leadership.

This is notably an area where the US is massively crippled. States can manage many year projects easier, but the federal government must conceal all such projects behind defense spending. Even that is wildly mismanaged (see: all the canceled naval purchases over the last two decades, and we still have an outdated, if large, navy)

graemep  3 hours ago

One of the reasons why "democracy is the worst system of government, except for all the others".

tehjoker  6 hours ago

Yet somehow they've managed to eliminate extreme poverty and challenge the U.S. in GDP. Sounds like cope to me. They couldn't do that with extreme corruption like we tolerate in U.S. allies.

  • pjc50  4 minutes ago

    China is literally going through an "anticorruption" purge of the PLA right now. Zhang Youxia et al. The corruption in China has a very different shape than in the US.

    (not sure what you mean by "corruption we tolerate in US allies"?)

  • monting  6 hours ago

    They "eliminated" extreme poverty caused by communist control in the first place, by going to a capitalist system.

    There were tons of economic low-hanging fruits by building out large infrastructure projects, which corruption happily siphoned off of.

    The ROI of these infra projects have been gone for a while, yet they continued. Also it's been stealing intellectual property, trade dumping, exporting deflation. Soaking up the manufacturing oxygen of everyone else through subsidies, elite capture, then using the leverage gained and veiled threats against others to force them to yield resources, market access and political control.

    • KptMarchewa  1 hour ago

      >They "eliminated" extreme poverty caused by communist control in the first place, by going to a capitalist system.

      Not a fan of CCP but pretending like there was no extreme poverty in China before CCP is insane position.

    • viccis  5 hours ago

      More cope.

      "They eliminated poverty... but at WHAT COST? They did good things but they trampled on the intellectual property of our beloved billionares? *sob*"

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