36
India Can’t Match China’s Past 8-10% Growth, Morgan Stanley Says
(www.bloomberg.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 20 Mar 2024
36 points (92.9% liked)
World News
32072 readers
1680 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 4 years ago
MODERATORS
Capitalism cannot compete with socialism. But of course these Wall Street ghouls will never admit that this is yet another admission that their system only enriches them at the expense of everyone else and the planet.
China markets are not really socialist, quite opposite if you look at the hyper competitive copy cat culture.
The real boost in my opinion is goverment promoting local manufacturers and buisness while limiting foreign companies reliance.
The real boost is SOEs. Competition is good, it just needs a single large-scale player more concerned about the public good than private profits to push the industry in the right direction. There's a reason SWCC works so well while the Soviet system failed. Deng Xiaoping was a genius.