WeChat suspends new user registration for security compliance

Re:WeChat suspends new user registration for security compli... by sudosysgen on Wednesday July 28, 2021 @06:19PM (#27990495)

China has never made a transition to capitalism. Roughly half of the workforce is employed by the State, it's at best state capitalism.

A transition to hard capitalism and a collapse of the government would absolutely bring economic disruption. And China right now is much less self sufficient than Russia was in 1991, and gets its foreign exchange from complex and vulnerable supply chains.

China is also much less educated than Russia was at the time, and would be even more vulnerable to corruption.

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Re:WeChat suspends new user registration for security compli... by tablespoon on Thursday July 29, 2021 @04:54PM (#28001372)

> A transition to hard capitalism and a collapse of the government would absolutely bring economic disruption.

I mean, one of the takeaways from the experience of Russia is to not repeat the same mistakes. If China makes a transition to liberal democracy, it should continue to protect its state sector for a long time, and draw out any reform of it to minimize economic disruption.

It absolutely should not let a bunch of crazed free marketers come in and "creatively" fuck everything up with a blind application of their ideology.

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