The west keeps moaning that the way China develops their industry isn’t fair, but the actual question is what prevents other countries from doing the same. The whole argument for using the market as the allocator is because it’s supposed to be more efficient than government planning. Yet, here we see that western countries aren’t able to compete with China on price and quality of products. It’s as if the market model the west keeps peddling is being proven to be far less efficient than state driven central planning.
The west keeps moaning that the way China develops their industry isn’t fair, but the actual question is what prevents other countries from doing the same. The whole argument for using the market as the allocator is because it’s supposed to be more efficient than government planning. Yet, here we see that western countries aren’t able to compete with China on price and quality of products. It’s as if the market model the west keeps peddling is being proven to be far less efficient than state driven central planning.