Thoughts?
Is this imperialism by China, a country which is supposed to be left-wing? Leftists are normally anti-imperialism. Wouldn’t it be better to let Taiwan democratically decide whether they want to be part of China or not?
Thoughts?
Is this imperialism by China, a country which is supposed to be left-wing? Leftists are normally anti-imperialism. Wouldn’t it be better to let Taiwan democratically decide whether they want to be part of China or not?
China has a large fully state-owned sector which tends to operate key industries. They also have outsized control over private firms because the banks doling out capital are state-owned. It’s how they can effectively direct the private sector to build EVs, chips or whatever other strategic commodity is desired, in addition to having partial ownership in large private firms. Yes Apple and NVIDIA aren’t state-owned. You can read about the state owned sector and how it affects the economy. The structure is very differrnt than the US today. It resembles somewhat FDR’s US in the 1940s but with even more state control and direction.