quality_fun

russia's air defense is lacking.

the laws of physics are the same in every country. if the us can develop chips, so can china.

25 salty downvotes.

i would agree, but 30% or so of the gdp is in real estate. china cannot just lose a third of its economy.

nationalization isn't a miracle solution.

this doesn't mean that china has no economic issues at all. real estate, for example, must be properly managed without wiping out everyone's investments.

[https://www.bloomberg.com/news/articles/2023-07-28/india-brazil-push-back-against-china-over-brics-expansion](China's Push to Expand BRICS Membership Falters)

this article didn't age well!

even works of fiction?

how come?

random tweets making baseless predictions are a waste of time.

Because the goal of the public industry is to provide the public with that good/service. It often sells at cost or even at a deficit since it does not need to profit.

reminds me of how many western commentators disparage china's high speed rail system for running at a loss and supposedly wasting money. yes, of course it does. the trains are the point, not the pursuit of profit. the government pays for high speed rail because it's a needed service, and the costs of operating hsr is worth it in the long run and will even pay for itself.

as if this absolves them of anything.