this post was submitted on 11 Aug 2023
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[–] [email protected] 35 points 11 months ago* (last edited 11 months ago) (12 children)

I mean there will be a point when the Chinese middle class stops growing and the government will need to midwife a new economic model. A Communist Party is probably the only political organization currently in the world that can come up with an answer that isn't slashing the social safety net and giving big handouts to corporations to keep profits up, though.

[–] [email protected] 25 points 11 months ago (11 children)

im not an expert in political economy, but if you read the article he goes into a lot of specific reasons why china is still in a great position in regards to the future, although it will take responsible leadership that pushes back against mainstream neoclassical economics.

[–] [email protected] -2 points 11 months ago (10 children)

Neoliberalism has been a failure for the actual population. It's decoupled economic growth from improved quality of life. Meanwhile, social democracies in Europe are showing that other models are practical and viable.

[–] [email protected] 27 points 11 months ago

Which European country isn’t pursuing neoliberal economics?

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