> There is a theme in the industries China does well in - western regulators ban cut-throat competition,

The problem is not regulation, it is the lack of it: anti-monopolist practices and deregulation of the finance industry has led us to insane bubbles, dead markets and extreme wealth concentration. Any competition gets bought, crushed, or undercut via bankrolling. This is what you get when the 0.0001% gets to pull the strings again. Must watch (3 parts): https://www.arte.tv/en/videos/103517-001-A/capitalism-in-ame...

▲

tsunamifury 17 hours ago | parent [-]

I think you have no idea how a command economy works. Haha.

It’s literally state sponsored monopolies.

▲

ibrahimsow1 15 hours ago | parent | next [-]

They flood an industry with funds and let them all compete with each other. Then they back the biggest winner. A command economy usually mandates X units of Y good. This isn’t quite that.

▲

tsunamifury 14 hours ago | parent [-]

That’s only the first year after that it’s command and control for the vast majority.

Also you take is highly simplistic. Even the small players are command and control. You’re likely just not aware how it works.

	▲	woooooo 13 hours ago \| parent [-]
		Its a pretty big detriment to American thinking that they take cold-war era characterizations of the Russian economy and then apply them to 2025 China. The current Chinese worries are about having too much competition rather than too little, Google "involution" to read about it.

▲

exceptione 6 hours ago | parent | prev [-]

I am talking about the economy in the Western model, it works well if there is competition. And it usually needs the state to do moonshots, like the literal moon shot or Silicon Valley. But the American economy was the most impressive during the Roosevelt years. The war production was insane, with 75% state planned, state built and state owned factories. The private sector was dominated by oligarchy owned monopolies, which means it wasn't impressive¹. The government had no time for conservative fairy tales and needed to take initiative.

What helped was the public outrage over the insane profits the American oligarchs reaped during WOI. This enabled Roosevelt during WOII to set a maximum profit margin for the oligarchy owned factories and fined those who evaded the law. It was a shock for the conservatives to see how the bureaucracy turned America's mediocre output around with a fast, efficient and lean production monster. The monopolists had to resort to propaganda, claiming the government's success as theirs, injecting the falsehoods we now all take for granted.

___

1. As an exercise, think what would be possible if all the cash piles didn't sit at big tech, but instead enabled competition. Meta isn't still more than a useless addiction factory.