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Sweden also stopped investing in infrastructure in the 1980s but not because of privatisation. It's just very expensive. Now everyone one is blaming each other when everything breaks down, especially politicians that are no longer in the government. There is no "accountability" for the government.
Keep in mind that it's actually really bloody hard to get potholes filled as a "private entitty" the only real option you have is to literally throw money at the "Local Government" whatever it might be called for you then tell them the flow will stop unless they do it.
Free market can't do shit unless it's actually free to do stuff like this.
"Lol China will never catch up"
Outsources everything to China
China catches up
"Yeah well China will never become eco friendly"
China starts producing cheap eco friendly tech
Yellen: "Hurr durr muh overproduction will hurt the oil compa- i mean global market"
"We already benefited from slaves so now slavery is bad, We dictate what civilized world means"
and
"We polluted the whole world for our industrial revolution, so now pollution is bad, we protec environment"
Outsources everything to a country without any labor rights or environmental protection
feels good man
also
"We enabled our big tech to create a global surveillance system and international monopolies"
Tiktok bad because it reports to CCP
Pointing out any of the hypocrisy means you're a tankie (i'm yet to know what it actually means).
As far as I'm concerened, one does bad things without any filter, one uses the media, tech and its hegemony to project a positive image while severely downplaying and ignoring their atrocities.
Sooner or later, China is also going to learn to do the same with their big tech and media companies.
Western Economists: What China really needs to do is stop investing in production, promote domestic consumption, and start spending foreign reserves on goods rather than bonds.
Read 'The Shock Doctrine'...
Yeah...
...ha ha...
...funny...
Maybe "there are 4 people so rich they are basically gods" is more apt?