It's a very dangerous conflation. It's the "It" ("It has raised more than 770m...") in the Financial Times that is suspect. It's almost as if a newspaper dedicated to the transacting of money worded it in such a way that might lead the less critical to assume otherwise.
I dont think its that complicated. The mistake is merely in giving the CCP credit for the undertaking while ignoring the tradeoffs its made to get there. As you quoted: "This transformation is the landmark achievement of Capitalism."
There's a certain talking out of both side's of their mouths happening.
How to discount the massive government spending (and ability to spend), and the ability to direct the energy sector to high-priorities? How to peel that out of the other effects, and what is the justification for doing so?
China has a different blend than the US. It is one that apparently is much more resilient to disruption than the US's. That does not bode well in the coming decades, which will be nothing but.
It's a very dangerous conflation. It's the "It" ("It has raised more than 770m...") in the Financial Times that is suspect. It's almost as if a newspaper dedicated to the transacting of money worded it in such a way that might lead the less critical to assume otherwise.
I dont think its that complicated. The mistake is merely in giving the CCP credit for the undertaking while ignoring the tradeoffs its made to get there. As you quoted: "This transformation is the landmark achievement of Capitalism."
There's a certain talking out of both side's of their mouths happening.
Yes quite. In Leftist Sowell Bizarro World, there are no trade-offs, only solutions!
All of nothing thinking is unwise on either side.
How to discount the massive government spending (and ability to spend), and the ability to direct the energy sector to high-priorities? How to peel that out of the other effects, and what is the justification for doing so?
China has a different blend than the US. It is one that apparently is much more resilient to disruption than the US's. That does not bode well in the coming decades, which will be nothing but.
*in the Financial Times' sentence that is suspect.