
Yan
138 posts







@Bluebearmonkey @hyperphonk I am talking about the current trajectory, 2022 onwards probably. I grew up in Shenzhen during the golden time and there is no denial that was a miracle. People are optimistic, getting wealthy and do see things in improvements in every way. However many things are no longer true








@hyperphonk China has a massive social welfare system. The SeeSeePee keeps the market hyper competitive. Companies are not very profitable. It all goes to consumer surplus enjoyed by all, not profits enjoyed by a few shareholders.




"China is socialist" is such a cope. It's a hypercapitalist state obsessed with money, money, business, business, capital, stocks, investors. Social welfare is minimum. Workers rights are abused. VAT, IIT and Corporate tax are on average lower than in developed European countries











