Hacker News Reader

CCP China is thriving because of liberal capitalism -- the flood of hard currency that otherwise was unobtainable made all the difference.

CCP China should build monuments to President Bush (#41) and President Clinton. Otherwise they would have went the way of the USSR.

edit: and President Bush (#43) for making most-favored-nation trading status with CCP China permanent.

View on HN

Maybe the people who live there, set the policy and literally built everything deserve a little credit?

Credit is due for taking advantage of the west's naivete and greed.

Most-favored-nation (MFN) trade status renewal came with conditions. Few if any were met by CCP China and yet American administrations continually renewed MFN for CCP China. Ultimately President Bush (#43) made it permanent.

They opened the door that enabled CCP China to drink the West's milkshake.

This does not bear out in the data - of 60+% employment in the public sector as well as higher performance than (much more) liberal capitalist countries.

Reply on news.ycombinator.com