zompist wrote: ↑Mon Jun 08, 2026 4:39 pm
botswana is something of a counterexample, though, following more of the type of program economists often prescribe.
No, I don't think so, or every Latin American and African country would be prosperous.
Botswana's economy is based on resource extraction— but dozens of countries have resources, and the people gain little or nothing from it. Its
wealth is based on reinvesting the export income into infrastructure, healthcare, and education, rather than filling the pockets of the elite. This in turn depends on a stable, non-corrupt democratic government.
this is true, botswana didn't do a full laissez faire austerity blabla, but its program is more amenable to economists, i think, than that of the others, though maybe not by such a big margin.
Well, I think you're falling into the old tankie notion that a one-party dictatorship is "socialism". One-party dictatorships are a dime a dozen, and not even worth that.
Also, I think you're still romanticizing the Party, not looking at how enterprises actually work in China. China didn't get ahead by Party Boss A dictating policy to Megacorp Boss B. It got ahead by creating a huge mass of low-level businesses, e.g. in Shenzhen, a chaotic web that can create a new product in days. And to a large extent, not by being governed by socialists, but by being governed by engineers.
one party dictatorship is not socialism itself, but it is certainly a central tenet of marxism-leninism, and the people governing are not just engineers, they're socialist engineers. remember, we're talking about whether china is capitalist; one party dictatorship is literally in the explicit marxist leninist program.
as for why it got ahead, i think party boss A telling megacorp boss B what to do was definitely part of it. or, well, rather, the five year plans definitely had something to do with it. when you basically know where the economy is going to go for the next couple of years you reduce a lot of uncertainty: say you have like a little screw factory and you're doing well, doesn't matter if "you" here means a private company or a coop or a state owned factory, you still have the choice of what machines do you invest in next, right? what kind of steel product is gonna be in demand next year, two years, four years. okay, if you're chinese you can check the five year plan and find that, behold, we're still doing green stuff. okay, then it's fairly likely there's gonna be a loooot of demand for solar panels. what kind of screws are most often used in solar panels? we build those ones, that's a fair bet so lets buy that machine.
if you're american, you don't get those signals. that's a lot of why capitalist companies are so into hype: five year plans give you very detailed info into what's gonna be in demand in future, so you don't have to go convince your investors and creditors of some AI screw harebrained scheme, you can just tell 'em, look, this is the plan, this is how we fit into the plan, everyone else is going to be following the plan, we're a safe bet don't panic.
(BTW, you do know Deng is the family name, right?)
it's just he's a buddy of mine, we're on first name terms... but seriously yeah, my bad
And of course, whose fault was it that India was starving-poor? India had not always been that way, either; consider that during the Early Modern period, prior to European colonialism, it was one of the wealthiest regions of the world all things considered.
i think it was a lot of organizations with "company" in their name, no?
The present-day Chinese economy is much closer to being laissez-faire than tankies would like to admit, and where it has been successful has not been because of the Party's rule but because the Party has deliberately decided to be hands-off.
(Man, I sound uncomfortably like a big-L Libertarian there...)
yeah you do lmao. also, nah, hands off? my brother in christ, in every big company there's like a literal party cell, with an office and stuff, official, and the party guys sit on the meetings of the board. *plus* the party controls land and the banks and all the regulatory agencies... from the perspective of a company, that's probably the most hands-on a government can be without outright nationalizing you. can you imagine? if you're a CEO of anything and you're in the shit with the party for whatever reason -such as you not falling in line with the five year plan- your company is toast.
an example that i know of but don't deeply understand is the edtech thing a few years ago, right? far as i know it went like this: the gaokao was famously competitve, and so like in japan, for example, there was a lot of like prep schools and so on, a sort of parallel education system, right? chile has preuniversitarios, japan has special schools that prepare you for the tokio university exam in art or whatever (there's some cool anime about that). anyway this puts tremendous pressure on students and parents and was deemed undesirable by the party. or by xi. or by both, who knows, the CPC famously doesn't publish its minutes. however the decision is made, wait a few months and poof, an entire sector, however many millions of jobs, poof, gone, in months. hardly hands-off.
apparently they also don't micromanage a lot, the party doesn't that is, but even without micromanagement that is very, very hands on.