this post was submitted on 13 Oct 2024
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[–] SkingradGuard@hexbear.net 11 points 2 months ago (1 children)

I'm not even going to bother to read an Econmist article, I'd wager there's some brainworms in there

[–] yogthos@lemmy.ml 11 points 2 months ago* (last edited 2 months ago) (1 children)

my fav bit was when they complain how capitalist markets can't compete with central planning 🎻

In the process, the West has been abandoning its commitment to a bottom-up, market-based approach to setting technical standards. “We are being forced to undermine a system that has been very effective and that we have profited from for a long time,” laments Mr Rühlig. In more ways than one, China is making the West play by its rules.

[–] Tomorrow_Farewell@hexbear.net 10 points 2 months ago (1 children)

If your system is so effective, then why is it unable to compete?

[–] yogthos@lemmy.ml 9 points 2 months ago

hey, it's effective at lining the pockets of the oligarchs :)