Re:Why is China smashing its tech industry?
by refurb on Tuesday August 03, 2021 @03:39AM
(#28046624)
Facebook is a negligible part of the US GDP. And Netflix is not value ad? Maybe not for you.
But regardless, China's downfall will be the fact it tries and picks to "winners and losers". It's a semi-planned economy. Many other countries have tried this and I'm not saying that China will collapse or won't continue to be an economic power, but even the mighty power of the CCP won't make consumers buy their products from you if they aren't what consumers want.
But regardless, China's downfall will be the fact it tries and picks to "winners and losers". It's a semi-planned economy. Many other countries have tried this and I'm not saying that China will collapse or won't continue to be an economic power, but even the mighty power of the CCP won't make consumers buy their products from you if they aren't what consumers want.