Re:The world could run on older hardware if software optimiz...
by rapsey on Wednesday May 14, 2025 @10:29AM
(#43984983)
Chinese do capitalism better than anyone else. Chinese companies ruthlessly compete within China to destroy their competition. Their firms barely have profits because everyone is competing so hard against others. Whereas US/EU is full of rent seeking monopolies that used regulatory capture to destroy competition.
Re:The world could run on older hardware if software optimiz...
by immibis on Wednesday May 14, 2025 @02:50PM
(#43987965)
What you're describing is that China is doing the free market, while the US/EU is doing capitalism.
Re:The world could run on older hardware if software optimiz...
by ranger_danger on Saturday May 17, 2025 @12:43PM
(#44015479)
How is consistently low profits across the board "better capitalism than anyone else"?
Mao and communism brought famine and death to millions.
The move from that to "capitilism with Chinese characteristics" is what has brought about the greatest standard of living increase in human history.
What they're doing now is a mix of socialism, capitilism and CPP dominance. I'm not an American, but I understand FDR wielded socialism too, and that really catapulted the US towards its golden era.