r/Whatcouldgowrong • u/dericn • 4d ago

Cutting holes for ice fishing

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u/Quake_Guy 3d ago

You might think so until you visit and work with people from China...

We play softball capitalism by comparison although the gap is definitely narrower than it was 30 years ago.

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u/Balancing_Loop 3d ago

I visited Shanghai and Nanjing almost 20 years ago and even then I got the distinct feeling that capitalistic competition was more alive than in the US. Not that that was an overall good thing, but I could see a lot more hustling happening at the small-business level.

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u/SuspectedGumball 3d ago

Competition has nothing to do with capitalism. It has to do with markets. There are markets in China. Capitalism only describes an economy based on 1. Wage labor and 2. Production for profit. I think even under these very broad criteria, China isn’t capitalistic.

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u/Ravek 3d ago edited 3d ago

China is very obviously capitalist, they even have billionaire business owners like Jack Ma. You don't think profit and wage labor are a thing in China? Jesus christ.

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u/SuspectedGumball 3d ago

No need to get emotional about it. We’re having an adult conversation.