Will Bunch expresses what I’ve been thinking since Trump was elected. American democracy is under attack from within. The fascists who yearn for an authoritarian government in the media are promoting it, and the media who supposedly don’t support it fail to recognize it. They are busy trying to follow the political playbook of the 20th century.
I think that’s his point: the China that existed as a planned economy collapsed decades ago and got replaced with their current quasi-capitalist system because the planned economy model was even worse than free market capitalism.
Planned economies didn’t work in the past with capitalist economies next door. Why have less, when your neighbor has more. Planned economies can work if its implemented worldwide. I’m only extrapolating the answer. Whether this happens sooner rather than later is the conundrum. Either we transition to a planned economy now and save lives and have a modicum of dignity. Or we ride this capitalist beast until billions are dead and we’re fighting over resources. The choice is clear.
I don’t get the hate on the China economy. They’ve equaled the US in GDP if you figure in the US’s debt. If you ignore the debt they’re only at 1/2 the GDP (as opposed to 1/100th 2 decades ago).
By all metrics China is doing better than the US right now.
Again, that’s the point. China turned away from central planning in the 1980s and 90s, after Mao died. Today’s ‘miracle’ Chinese economy is basically capitalism. Capitalism with Chinese characteristics, if you prefer. If you want to know what command economy looks like, compare Mao’s China and Brezhnev’s USSR to the US or Europe.