Utilitarian
co-Cain Manager
It works well for the Chinese elite, not the average Chinese person, or anyone attempting to build a large business without major connections.Have you noticed how that seems to be working better for the Chinese than "free market" capitalism is working here?Where, some private industry is allowed to exist, the ones the State allows, so long as they are only working to advance the goals the State wants
How about the command economy in the US during WWII compared to today's Wall Street directed economy?
If you don't like the American system's corruption, the last place you should admire is China, because it's basically what would happen here if we took corporatism even further but had a dictator controlling everything at the top.
Now, Taiwan is pretty free market and a lot less corrupt.