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2025-02-19 13:16:21
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Yogthos on Nostr: nprofile1q…ek9xa yeah, China has found a synthesis between Soviet style communism ...

yeah, China has found a synthesis between Soviet style communism and western capitalism. The key difference in China is the whole idea of birdcage economy where where the market acts as a bird, free to fly within the confines of a cage representing the overall economic plan.

While in the west the market is an end of itself, in China it's just an allocation tool that serves the economic plan decided by the state.
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