Read full text: https://www.unz.com/runz/confucious-deepseek-and-why-china-would-win-a-war-with-the-united-states/
 | Xinjiang province is freely open to both Western and Chinese tourists, with huge numbers flocking to that colorful region, and as I pointed out in a December article, none of those many visitors have ever noticed any such horrifying events.Instead, many Westerners have who recently visited China or now live there have begun documenting their experiences in numerous YouTube videos, often very ... www.unz.com |
The secret of economic success is NOT ownership but rather the presence of competition (i.e. market). Competition leads to intense pressure to innovate, improve quality, and reduce costs. It leads to an expansion of capacity and scale as businesses try to compete and win. It leads to true meritocracy – i.e. may the best player win.
On the other hand, lack of competition leads to monopoly and stagnation as the players underinvest, pursue barriers against competition, and raise margins/prices. You can do an industry by industry analysis for US businesses and find out the level of concentration (thus lack of competition) very easily.
I would argue China is a far more market-oriented economy than the US in most industries. This is the underlying reason for China’s competitiveness and the so-called “overcapacity”. The US attempts to undermine China’s competitiveness will get nowhere because the Chinese do not buy into its self-serving “neoliberal” economic policies.
Hua argued that the severe consequences of such lack of market competition in America were most obvious in the military sector. Thus, despite our gargantuan military spending, we have been completely unable to match Russia’s far smaller economy in producing the munitions being expended in the Ukraine war:
