Re:Every company should be owned by its employees
by blackhawkC17 on Friday July 26, 2024 @02:21AM
(#41076225)
No they don’t. China got richer when they implemented free market reforms, proving the idea.
Unfortunately Xi is now focused on saber-rattling about national security and bullying neighbors. He has cracked down on free markets, and China’s economy is suffering due to his incompetence.
Re:Every company should be owned by its employees
by bccdee on Saturday July 27, 2024 @09:05PM
(#41090517)
It's not a binary. If we say market freedom is a spectrum with the USSR at 0 and the US at 10 (reductive, but let's pretend) then China moved from 0 to 5 and became a global power within a couple decades. This is a strong argument in favour of a level-5 economy, not a level-10 economy..
Re:Every company should be owned by its employees
by hollerith on Friday July 26, 2024 @02:24AM
(#41076240)
What are your reasons for thinking that the Chinese economy is well-performing? Chinese per-capita income is slightly less than that of Mexico, and you wouldn't use Mexico as an example of a well-performing economy.
China is strong because of its massive population combined with an economy that performs better than the only other country with a similarly massive population.
Yeah, because they're corrupt and undemocratic. I certainly don't endorse China. But they do put to rest the idea that the freer the market, the stronger the economy.