this post was submitted on 30 Aug 2023
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chapotraphouse
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It's probably true. Liberalisation fucked up China until Xi came along and started curbing the billionaire menace to a degree Greater than many of his predecessors.
It didn't "fuck up" China, their metrics were still amazing before Xi
I think the biggest mistake before Xi was not being very diligent about corruption
Billionaires had far more leverage over the government before Xi came in. Add corruption to that and you had insane scandals in China every now and then.