this post was submitted on 06 Jul 2025
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Maybe TWO things can be bad at once! Or even three or four! (infosec.pub)
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[–] PugJesus@lemmy.world 8 points 1 month ago

I mean, they’re everyone’s largest trading partner.

They're also the largest country, by population, in the world.

You’d expect a planned economy to under perform the evolutionary pressures of a market. The first time. But the second? Or the third? What about command economy that learns from what didn’t work in the past?

Uh, but planned economies do underperform compared to a market. The spike in Chinese prosperity was because of intense market reforms in the 80s and 90s which significantly increased prosperity and turned the country from immensely backwards and impoverished to increasingly developed.

If every country is a mixed economy, then they’re just the far end of the spectrum. More command than market, at least compared to most other places.

Not really. The Chinese public sector of their economy is actually lower, as a proportion of GDP, than Sweden.