Opinion | China’s Economy Is in Serious Trouble
www.nytimes.com
And President Xi’s leadership is only part of the problem.
  • umbrella@lemmy.mlEnglish
    32·
    11 months ago

    So basically they are saying China should become capitalist and it will fix their problems 🤣

    • TheWoozy@lemmy.worldEnglish
      42·
      11 months ago

      Um, no, that’s not at all what it’s saying. It is saying China should ease off the cronie capitalism and try a little socialism for ordinary people.

      • umbrella@lemmy.mlEnglish
        2·
        11 months ago

        When they suggest “freeing the market” they mean neoliberal capitalism. There aint a universe where opening markets means “more socialism”.

        Also crony capitalism isnt a thing, its just regular capitalism.

      • CanadaPlus@futurology.todayEnglish
        1·
        11 months ago

        I’m actually going to go a step further and say regulated, non-crony capitalism would also be better than what they have. The party has no incentive to bring either in as they are the cronies, though.