Well, this is a forum where some degree of openmindedness is encouraged.

There have been far many more economic and capital systems on this rock than just American capitalism.

I use to think it’s open mindedness but I think it’s more hubris.

The other day a guy was complaining about being in jail for a time and how unfair it was that he had a criminal record. Lots of open minded people praising him.

Then a new user called him out for trying to get with a 12 year old. Yikes.

Regardless, China figured out some formula that has been incredibly successful the last couple decades. While I have doubts about this approach being sustainable, hindsight is 20/20 and we can’t predict the future.

The "formula" was capitalism, introduced by Deng Xiaoping, which lifted hundreds of millions of Chinese out of poverty.

However, Deng also introduced China's 1-child policy (decidedly not capitalism), which is now beginning to seriously strain the system. The future is indeed uncertain.

Sure, then by all means share your evidence or data for a successful foreign state owned enterprise vs private enterprises in that country and other countries

Aramco

Aramco’s not a perfect example, as it was built up as a private corporation, and only nationalized as a relatively mature corporation. It also has a state-sanctioned monopoly on a very low-cost, high-price commodity. On the other hand and to be fair to Aramco, the Venezuelans managed to make a mess of their state oil monopoly.

Believe it or not but not everyone shares your enthusiasm towards the idea of privatizing United States Postal Service.

The idea? It’s already a private corporation.

Read the first line: https://en.m.wikipedia.org/wiki/United_States_Postal_Service

There you go.

For some reason I thought it was a quasi-private company owned partially by the government.

I'm going to assume that you're American.

You may find insight after reflecting on why a non-American knows this detail about the USPS while you don't.

I'm actually not.

I'm wondering why you know an obscure fact about postal service in a country you don't live in?

Because it is important to understand how the world works and America is a very influential country.

I think it’s good to be clear headed and acknowledge empirical evidence when it’s there. Context is useful in understanding the mechanisms of society!

“This thing goes against my orthodoxy therefore I refuse to see it” is exactly the sort of attitude that gets you far away from success.

For the record, I was merely saying it’s possible for a state owned enterprise to do things quickly, even if in practice most of them don’t. So much of the world is just about having the right kind of people at the right place, and that’s true in the public sphere and the private one.

Sure, then by all means share your evidence or data for a successful state owned enterprise vs private enterprises

I invite you to share your evidence that all private enterprises are strictly superior to any state owned enterprises, as that is clearly the stronger (and less likely to be valid) position.

I mean the topic of this thread is basically on how we have a bunch of well performing, pretty fast Chinese companies. This is happening despite these companies having a lot of buy-in from the state (down to outright ownership).

One might start trying to say "well a bunch of money from the state isn't enough to consider it a state owned enterprise", but then the contention is a bit more specific than just about being state owned.

It shouldn't take much effort, the results speak for themselves...

We did get to the moon with "state owned enterprises" anyway...

no profits involved in the moon effort, was not competing with any private enterprise at that time