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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (361025)	12/1/2007 8:49:32 PM
From: TimF	Read Replies (1) of 1578896

If China collapses tomorrow which it could.....do you think it would be a fair test of capitalism? China is a lot more capitalist than it used to be, but its not only not close to a perfect example of a free market, it isn't as free as the US, or even Europe. Their is extensive state ownership of companies, and also all sorts of regulation and controls on starting companies or where people are allowed to work (that last is widely violated, but even if its impossible to fully enforce it does still effect the economy). The way China does provide a test is that as it has gotten more capitalist it has gotten much wealthier. If China does fall apart it will probably be for political reasons not economic ones, at the least it would be because of politically inspired changes in the economy.

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