I feel like I don’t hear much internal critique about China from the ML side of things - is this more of a ‘critical support’ posture or are people just generally more optimistic about long-term socialization of their market?

edit: if there are more reading materials that discuss this topic in-depth, I am very interested in recommendations

  • Yllych [any]@hexbear.netEnglish
    10·
    28 days ago

    I think this is one of the fairer takes. I think what’s obvious is that since Deng the Chinese model is unquestionably the most effective growth model as far as global capitalism is concerned. They can beat anyone on those terms. But those terms have fundamental social and ecological limits and so we cannot afford to play by them any longer.

    • PKMKII [none/use name]@hexbear.netEnglish
      10·
      28 days ago

      The heavy duty moves to improve environmental impacts and weed out corrupt businessmen suggests China is planning for that. Especially after the housing market crisis exposed the vulnerability caused by an overly financialized economy.