Comment by WarmWash
2 days ago
China has "classroom game capitalism", where companies can play the game, but the teacher still has uncontested, absolute, unilateral control in everything and anything. All the parameters of the game are managed by the teacher, and the teacher is the one who creates the foundations for the direction they want the game to move in.
Don't forget, Jack Ma of "publicly owned" Alibaba, had to go into classroom time out after seemingly forgetting that its classroom capitalism and not real world capitalism.
Let’s not pretend that what is currently in the US is real world capitalism, whatever that means.
In the US there is no teacher, and any student can sue the governmental body and win, because they own their stake, not the governmental body.
China plays the capitalism game so it can participate in the global market. The US depends on it as a means to control resource distribution.