"... China is a state capitalist system...". I respectfully disagree.
China is a state socialist system with some elements of free enterprise or capitalism.
This means,
1) the state is centralised & powerful,
2) it puts equality before freedoms
3) it adds some elements of free enterprise to develop the economy and create opportunities for the larger society
it is common sense policy to them to seeks the allegiance of the top 1% wealth to the goals of the CCP - indeed not for the people but to save their system.
Very interesting and insightful post Mr. Dalio. Although I don’t think many of those policies you mention are meant to serve the interests of the Chinese citizens, but rather the CCP’s interests. They don’t want to lose power and that means having total control of education for the purpose of indoctrination and also imposing heavy regulatory burdens on those who dare to question the CCP’s power and authority.
This is a very “eye-opening” explanation Ray Dalio … especially for people that are not so familiar with the Chinese policies… living there helps understand how the Chinese state operates!!!
Download Kapfou on playstore
2y"... China is a state capitalist system...". I respectfully disagree. China is a state socialist system with some elements of free enterprise or capitalism. This means, 1) the state is centralised & powerful, 2) it puts equality before freedoms 3) it adds some elements of free enterprise to develop the economy and create opportunities for the larger society it is common sense policy to them to seeks the allegiance of the top 1% wealth to the goals of the CCP - indeed not for the people but to save their system.
Partner at One Family Office
2yChina just got even more compelling for investments. No other country can deliver so much crap in such a short time.
UDFSpace Co-founder
2yIn my opinion,China's recent moves in the capital market aim to promote educational equality and protect data security.
Chief Operations Officer Punta Blanca Data Solutions - Data Analyst Connect Assistance
2yVery interesting and insightful post Mr. Dalio. Although I don’t think many of those policies you mention are meant to serve the interests of the Chinese citizens, but rather the CCP’s interests. They don’t want to lose power and that means having total control of education for the purpose of indoctrination and also imposing heavy regulatory burdens on those who dare to question the CCP’s power and authority.
Director at Kinetic Systems, Inc
2yThis is a very “eye-opening” explanation Ray Dalio … especially for people that are not so familiar with the Chinese policies… living there helps understand how the Chinese state operates!!!