Yes because business interest lobbyists are so pro-ICO...

Venture Capitalists are all on board with a technology that forces them to compete with the masses during seed rounds...

and existing companies are all about upstart competitors having an easier way to get capital early on...

\s

That's just naive and wishful thinking. The brand of capitalism in China is more reckless than that in the US and the business interests are really interwined with the government policies. It's just that the government still has a bit more of a final say but that doesn't mean the rich politicians and businessmen aren't in the same boat.

what makes you think china's institutions aren't?

Oppressive regimes are usually effective at making decisions that hurt many individuals (even unfairly) for the (supposed?) benefit of the collective.

Nah that kind of view is just naive. First I don't think a simple moniker of "oppressive regime" makes any sense except for political propaganda purposes. If you say China is an oppressive regime so is the US, and the US might be even more of a state basically based on slavery really.

Second, the truth is the capitalism in China is even wilder and more libertarian in a sense than that in the US. It's just that the central authority still acts quickly enough. The rich people are still basically in the same bunch, whether it's the officials or the businessmen, and the gap between the rich and poor is widening ridiculously fast.

that's very optimistic if not naive. the ones who usually benefit are the oppressors, the rest are left to their own devices if they aren't causing problems - real or perceived - or even are deemed to cause problems in the future even if they do nothing wrong right now. the collective benefits only in utopia circumstances, ie. never.

Well this is really the same for all kinds of libertarian/capitalist regimes. Branding China as an "oppressive regime" is really just political propaganda speech. If you say China is an oppressive regime so is US, and the US might be even more of a slave state really.

China nowadays has even more reckless capitalism than that in the US, and the gap between the rich and the poor is expanding incredibly fast.

Exactly, I agree