Comments by "Antony Wooster" (@antonywooster6783) on "Emil Cosman" channel.

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  3. "It doesn't allow competition" For once you are talking ignorant rubbish. About half the Chinese economy is private, The private sector makes about 40% of the GDP, employs about 60% of the work force. There is consequently a lot of competition. You are making a typically western mistake, you think that China is modelled on the USSR. It's not and it never has been. From well before the declaration of the PRC 2/10/1949. the communist part of China, has had a mixed economy, part state, part cooperative, part capitalist. The Chinese Communists, realized from the start of the revolution that they could not plan everything and it would be a bad idea to try, so they nationalized the foundations of the economy and left the rest to private enterprise. The result was many more of the peoples' needs were catered for than happened in the USSR. At the same time they ensured that the foundations of the economy, food, education, transport, electricity, medical services, roads, railways, canals, water supply, the military, the police and so on were under government control or were government owned, but most consumer goods were made by privately or cooperatively owned firms. By the time I went to China, I had visited many of the countries in the Warsaw Pact and I had also been to Moscow and I knew of the poor selection of goods available or missing in those economies. I had worked for a while in the DDR, so I was rather surprised on first seeing China (In 1964.) The first thing that struck me was that everything looked freshly painted in bright colours! Then when I went shopping there was an amazing selection of goods on offer. It formed a rather odd contrast to the people, who at that time were all dressed in blue or grey Mao suits. But the variety of goods was certainly there. Now, of course, there is "rampant capitalism" as is, I would have thought, pretty well known. The difference from the West is that the capitalists are not allowed anywhere near the levers of power. Those that get carried away by their huge wealth and think that they can tell the government what to do, get put in their place fairly quickly. E.g. Jack Ma.
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