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China is an example of how with the political will and determination it is possible to build an extremely competitive economy by utilising the efficiency and scale of state managed strategic assets.
Apparently not, because all of your friends are getting bombed, blockaded, and kidnapped while you issue strongly worded condemnations lol. The communist party is about to get conquered by a government less than half of a percent its size by landmass. Where will the argument for efficiency be then?
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We have a very different experience here in NZ where the neoliberal privatisation of formerly state owned strategic assets like rail, airline, power generation and distribution and community banking have had mostly very negative results for consumers and businesses as prices have gone up and service levels have gone down.
IMO it is a complex matter where the political will to operate such strategic often natural monopoly infrastructure is crucial to it being better than trusting ownership to profitr motivated private operators.
China is an example of how with the political will and determination it is possible to build an extremely competitive economy by utilising the efficiency and scale of state managed strategic assets.
With private ownership comes the many dangers of rentseeking market capture and corporate lobbyists capture of the political process.
The Big Oil war being fought across the global to cut off Chinas energy suppliers shows where this can end up- in genocide and war crimes!
Thank you for your attention to this matter!