Comments by "Winston Smith" (@kryts27) on "Can China's economy afford a war with Taiwan? | DW Business Special" video.

  1. Your guest speaker is wrong about the type of capitalism that China has. For example, both the US and EU have a free market economy (this is not laissez-fare but market driven economics), where the government might make mild anti-trust legislation, but does not run or control those entities. The CCP in contrast has a centralized authoritarian economy. All "private" enterprise (of any size) operates at the behest of the central government, because the central government sees itself as the arbitrator and controller of it all. If you don't believe me, see the antics of the central CCP government with regard to rushing to the support of Huawei every time or how it's taken tech sector companies to task (and sometimes just taken over) companies like Ant Group and Ali Baba. This is not because these companies are insolvent (quite the opposite, they were growing and expanding) but because their success was rivalling the central government, falling out of it's explicit control, and sending alarm signals to the paranoid CCP. This is not Western capitalism, nor does the economic model of China resemble the United States in any way, except during the GFC when the US government bailed out the banks. That's the only time i've seen the US government react in a similar way to the CCP.
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  2. China doesn't have a GDP per capita of $21,000. That figure has been cherry picked by the CCP to represent the wealthiest province of Guangdong or Beijing itself. Most farmers in China make $400 or less per month and China has a rural.population of hundreds of millions.
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