this post was submitted on 13 May 2025
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[–] miz@hexbear.net 49 points 2 days ago* (last edited 2 days ago) (2 children)

“China attracts customers for its military equipment with cut-rate pricing and financing but there are hidden costs — especially when gear malfunctions,” Cindy Zheng, then a researcher at Rand Corp., wrote in a research paper just before joining the US-China Economic and Security Review Commission in the latter stages of the Biden administration.

cope

Cindy no matter how hard you shill for empire, you'll never be white

[–] yogthos@lemmygrad.ml 43 points 2 days ago (1 children)

I just find the whole crying about state subsidies really funny in principle. Literally the whole argument for using markets over having a planned economy is that they're supposed to allocate resources more efficiently. Yet, now we constantly see economies that defer to markets complain that command economies are able to produce things more efficiently than they are.

[–] supafuzz@hexbear.net 45 points 2 days ago (2 children)

Just rediscovering an obvious fact that was always known. In the 50s it was conventional wisdom that the Soviet and DPRK models were producing faster growth than the West. The only times the West ever did anything impressive it was with heavy state planning and investment. It's actually remarkable how everybody just... fucking forgot that from the 70s on.

[–] yogthos@lemmygrad.ml 36 points 2 days ago (1 children)

Exactly, the US didn't become a dominant economic power by leveraging markets, it's was done through massive state planning and command economy.

[–] AnarchoAnarchist@hexbear.net 3 points 19 hours ago (1 children)

All economies are planned. The only question is who does the planning.

Do you leave that to a bunch of MBAs focused on quarterly profits, or a bureaucracy charged with looking for a state's long term interests?

[–] yogthos@lemmygrad.ml 2 points 18 hours ago

There is a difference between having central planning at state level, and what happens under late stage capitalism where oligarchs cannibalize the country.

[–] Tabitha@hexbear.net 18 points 2 days ago (2 children)

The people who know it's all bullshit slowly died out while the true believers took over.

[–] eyyImwalkin@hexbear.net 10 points 1 day ago

and thank god they did

[–] BodyBySisyphus@hexbear.net 25 points 2 days ago (1 children)

Kinda wild how the West has a whole industry for pulling the wool over its own eyes.

[–] Grapho@lemmy.ml 14 points 2 days ago

Priests at the altar of capital e Economics