this post was submitted on 09 Apr 2024

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consider the implications for a post scarcity future (slrpnk.net)

submitted 7 months ago by stabby_cicada@slrpnk.net to c/solarpunk@slrpnk.net

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[–] exocrinous@startrek.website 3 points 7 months ago

No, they didn't advance by adopting capitalism market principles. They advanced by adopting state capitalism, which is actually defined by lack of a market. They had a planned economy instead, and they advanced faster than the US because markets are inefficient. China has a planned economy with markets, but highly regulated and non based on competition like a traditional capitalist style market.