alt Hacker NewsNo country in the world is full free market economy. It is always a spectrum.
We are discussing Chinese models. Now look at how much foreign competition the Chinese government prevents in their domestic market in other industries.
No country in the world is full free market economy. It is always a spectrum.
We are discussing Chinese models. Now look at how much foreign competition the Chinese government prevents in their domestic market in other industries.
Chinese companies compete ruthlessly between themselves though. That's how they get this good. Full competition with preventing exploitation by foreign countries seems to be working great for them. American and European protectionism of local rent-seekers can't really compete with that.