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Comment by CyberRymden | Hacker News Reader

Do you actually think China has fairer courts, more open financial markets, and better business environment than the EU or US? For the longest time Hong Kong had to fill those gaps for China in order for the country to attract capital.

Regardless, even if China does today the explanation still holds considering China only transformed a few decades before the book was written.

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I think China is a worse country to live that the US or EU, but a better business environment. China's State Capitalism is simply more efficient than the neoliberalism hellscape that came up from the Soviet Union's collapse.

I see the rest of the world becoming more similar to China than the other way around, unfortunately. The US is already a pseudo-Soviet state economically, and is on the brink of becoming a dictatorship on top of that.

> I see the rest of the world becoming more similar to China than the other way around, unfortunately.

I hope they enjoy the mediocrity that comes with state-dominated economies.

> The US is already a pseudo-Soviet state economically.

Maybe I'm blind, but I have no idea how someone looks at the USA and concludes this.

Extremely inequality that keeps increasing, political movements that try to change this are killed in the crib, a dying empire.

Just because the Central Comittee is called Blackrock, doesn't mean the American economy is not being more and more centrally planned. Free Enterprise is dying.

I mean economically, the political system is still "free" (less and less), it's not a dictatorship (yet).

> Just because the Central Comittee is called Blackrock, doesn't mean the American economy is not being more and more centrally planned.

Of course, you'll mention BlackRock, the never-ending boogeyman for people with little economic knowledge.

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