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chonglitoday at 4:09 AM2 repliesview on HN

China doesn't have flip-flopping like this with its attendant massive waste. Instead it has endemic corruption which siphons off funds all over the place, perhaps with the exception of the big projects that command the full attention of central leadership.


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FranklinJabartoday at 5:40 AM

> perhaps with the exception of the big projects that command the full attention of central leadership.

This is notably an area where the US is massively crippled. States can manage many year projects easier, but the federal government must conceal all such projects behind defense spending. Even that is wildly mismanaged (see: all the canceled naval purchases over the last two decades, and we still have an outdated, if large, navy)

tehjokertoday at 5:24 AM

Yet somehow they've managed to eliminate extreme poverty and challenge the U.S. in GDP. Sounds like cope to me. They couldn't do that with extreme corruption like we tolerate in U.S. allies.

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