this post was submitted on 10 Jul 2024
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A planned economy focussed on long term (economic) power vs. market driven short term incentives led to a lot of indispensable goods beinganufactured only in China.
Now the dependence for critical supplies is an economic weapon that can be wielded by China. Even a lot of base products for medicine come from china, let's see what happens.
I have my qualms about China but I gotta admit they really used economies of scale and long term planning well.
Deng Xiaoping, when laying out the market reforms of the 80s, was quoted as saying “it doesn’t matter whether the cat is black or white, as long as it catches the mice”
It turns out now that we are the mice.