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China’s Economy Is in Serious Trouble
(www.nytimes.com)
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this post was submitted on 19 Jan 2024
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So basically they are saying China should become capitalist and it will fix their problems 🤣
Um, no, that's not at all what it's saying. It is saying China should ease off the cronie capitalism and try a little socialism for ordinary people.
When they suggest "freeing the market" they mean neoliberal capitalism. There aint a universe where opening markets means "more socialism".
Also crony capitalism isnt a thing, its just regular capitalism.
I'm actually going to go a step further and say regulated, non-crony capitalism would also be better than what they have. The party has no incentive to bring either in as they are the cronies, though.