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   Yogthos (yogthos@social.marxist.network)'s status on Thursday, 27-Feb-2025 21:30:55 JST Yogthos

   China's rapid technological advancement in the last 70 years challenges the belief that free markets are the primary drivers of innovation.

   China's leadership in many key areas showcases the success of strategic government planning around a long-term vision, and substantial investment in education and the real economy.

   Instead of focusing on mere economic growth, China embraces a holistic model that prioritizes social progress.

   https://www.youtube.com/watch?v=HmTGssd-KX4

   #technology #economy #china #economics

   • carl marks repeated this.
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     🇨🇦🇩🇪🇨🇳张殿李🇨🇳🇩🇪🇨🇦 (zdl@mstdn.social)'s status on Thursday, 27-Feb-2025 21:31:13 JST 🇨🇦🇩🇪🇨🇳张殿李🇨🇳🇩🇪🇨🇦

     in reply to

     @yogthos The funniest thing to me about how the free-for-all market supposedly spawns innovation is ... its purported believers clearly don't actually believe it.

     If you look inside a corporation with more than about 10 people in the west you generally see a pretty rigid, top-down structure. In the successful ones there's a vision around which funding and activity is planned.

     The very few corporations that tried to live the talk with internal free markets burned themselves to the ground.