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Cake day: March 28th, 2024

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  • You can argue that you have capitalism if transactions are happening. Which means the word kind of looses it’s meaning because it’s so broad.

    But people will often define it on how much market control the state displays.

    You can then argue that China has market control on key aspects of important sectors. Which they do, but still with an approach, that they have private companies with government subsidies.

    But most of all, the need for distance to the world capitalism is more a marketing thing. Unless they believe that capitalism is just a tool to achieve socialism, which also can be true.





  • They could give it to the world, but it will still be for “power”.

    If this existed, alot of industries would die overnight, and alot of them are in the west, oil states in the middle east and Russia.

    Fossil fuels would be almost redundant, as everything would start to run on electricity. (this will take some time ofc) China is also winning the EV race hard, so they will certinatly benefit big time.

    China also invested alot of money and time in the third world, and that will all be new markets for them if this shift happens.

    The dark horse in this would be the EU, as they are already shifting towards green power and EVs.

    The wind power industry in Europe would be the biggest blow, and then ofc Norway would have alot of oil left. BUT Norway has invested heavily in that transition, so they might come out on the other side pretty great.