Britain had the chance to liberalize Hong Kong before the handover negotiations even began. You can thank Murray MacLehose for the mess they're in now.
UK offered a rather simple pathway to immigrating to the UK for most Hong Kong residents [1]. But the choice between the stagnant UK and the booming mainland China was not obvious for everyone in late the 1990s, when China seemed to be democratizing more and more (despite the Tiananmen massacre), and growing richer by the day.
They had multiple pathways. The top three destinations were Canada, the USA, and Australia. These locations offered a major benefit over the UK - they were on trade routes along which people from Hong Kong were already doing business.
Canada was particularly affected. It absorbed the most immigrants, they were a larger share of the population, and this was a major increase in ethnic diversity. The resulting cultural clashes were sometimes an issue. Here is one that literally doubled car insurance rates in British Columbia around the time I left.
Three cars, 2 in front with the left-hand car being driven by a Canadian, and the back car driven by a recent immigrant. The immigrant sees the opportunity to pass, swings out into oncoming traffic, and guns it. Leaving just a few inches of room. Normal Hong Kong driving.
The Canadian has no idea that this is happening until OMG I'M ABOUT TO BE HIT! The Canadian then swerves right to avoid the emergency, and hits the car on the right.
The immigrant drives off. Presumably wondering about these crazy Canadians who don't know how to drive.
Everyone involved behaved reasonably for how they were used to driving. But the combination worked out very poorly...
I would argue that the immigrant behaving reasonably "for how they were used to driving" is itself unreasonable. When you move to foreign country you have to adjust some things about your behavior. Driving behaviors and anything else with such a strong public safety component should be the most obvious thing to adjust for an adult, without needing to be told.
It was a far cry from the full Portuguese citizenship offered for Macau, both in the latter's lack of conditions on acquisition (beyond being over age 15 at the handover), and in passing it on to descendants.
I know that attributing to western countries the responsability for any bad thing happening in this world is a common reflex, but we are 30 years after the handover, 40 years after the negotiation, so surely China bears some if not pretty much all the responsibility here.
And it's not like the UK had much of a choice in the first place. China threatened to invade and there is very little the UK could have done to prevent a full control.
Worth also remembering that "one country, two systems" came with an expiration date that is rapidly approaching anyway.
> I know that attributing to western countries the responsability [sic] for any bad thing happening in this world is a common reflex
I don't think I'm being superficial here. There are a few distinct events during the 20th century which can be attributed to the British. The handover of Hong Kong, Suez Crisis and the Balfour Declaration stand out the most.
> And it's not like the UK had much of a choice in the first place. China threatened to invade and there is very little the UK could have done to prevent a full control.
The leased territories are Chinese territory. Full stop. Hong Kong island and the ceded land could not survive alone. All of the water processing happens in the New Territories. It would have been impossible to either break up HK or defend it.
China has not rolled back any reforms that happened before negotiations began [0]. They did rollback the last-ditch efforts of Chris Patten [1] because at that point it was seen a malicious attempt to undermine the handover.
The mechanisms for China to take control were largely left in place by the British so they bare some responsibility, but it is the PRC asserting this control and there's an argument to be made that most of HK supports the PRC and it's their right to do what they wish with their own territory.
> Worth also remembering that "one country, two systems" came with an expiration date that is rapidly approaching anyway.
It'll be interesting to see what is kept. China's experimenting already in Hainan. They could structure Hong Kong in a similar fashion.
[0] - The PRC did introduce PR with the idea that it would reduce the risk of majorities forming but the system is arguably more democratic than FPTP.
> I know that attributing to western countries the responsability for any bad thing happening in this world is a common reflex
You can’t gloat that the sun never sets on your empire and then absolve yourself from responsibility for events that you had a heavy hand in influencing. Regardless, if you think the article is wrong, your point would he better served by providing examples of where it’s wrong and stating why.
TBH UK never had the chance because PRC saw through their games. TLDR UK wanted to maintain influence post handover for their investments, but like most other colonies on the fading empire they had no leverage, i.e. negotiate to turn HK into self administered territory (like Singapore)... along with UN decolonization rules meant engineering pathway for HK independence. PRC keked and said fuck off and promptly removed HK from UN list of non-self governing territories. There's a reason UK/Patton had to jam in HK liberalisation efforts last minute to increase UK influence post handover and not before... because if they did it before, i.e. pre 90s there would be so much anti colonial and pro CCP sympathies that political freedom in HK could be contrary to British interests. HK was just another Suez, symptom of UK weakness, not any one man.
When the UK handed back HK, the Chinese who are nothing if not wiley, understood that they needed to maintain intelligence, surveillance, and some kind of institutional knowledge of the various organised crime groups, certain individuals with borderline business interests, that sort of thing. They offered the British police officers houses, stipends, and other incentives to stick around and clue-in the incoming crop of officials, domestic intelligence officers, and cutouts/go-betweens. Something of an untold story. Would make a great streaming series.
I'm interested in how the takeover happened on the inside. How do you take control of a country with minimal drama when even small corporate takeovers get so messy? I assume there's been a lot of work to root out internal dissent, install aligned individuals, take control of computer systems. Even though the UK handed HK to China, there's got to have been people with strong feelings that created roadblocks along the way.
If there was one critical miscalculation the West (particularly the US) made in the last 40 years, it was thinking that investment in China would equal liberalization and democratic reforms. There was a mistaking of capitalism for human rights. While it is a human right to own property and use it to rationally pursue one's self-interests, that does not mean that capitalism in its current form is conducive to that for the greatest number of people, or to the evolution of other human rights in the societies in which capitalism is practiced.
If investment was the key to liberalization, we would have seen far greater investment behind the then-fallen Iron Curtain, where countries had actively turned their backs on command economies. The cynic in me thinks that capital didn't like just how that had turned out. If a country's people could either violently (Romania) or peacefully (almost everywhere else) remove such totalitarian systems of politics and economics, they could also reject methods of accumulating capital that might run afoul of their values.
China, on the other hand, had not moved away from command economics at the time. Instead, the result was state capitalism. People were free to try new things that could create economic expansion, but only in a way that served the needs of the state. Anything else would be handled with the same totalitarian methods that political dissidents and class enemies were once handled with under Mao. While this has ebbed and flowed over the years, it essentially remains the system in place.
Did big businesses in the West really think “investing” in China would lead to “freedom” and such? Isn’t that framing a bit naive?
They went to China because it was cheaper. They went there in detriment of their countrymen that went without jobs, in detriment of the environment (what with all the shipping boom that followed), even in detriment of their own countries, since this would stifle development and industrialization. And they KNEW that technology transfer would follow, because China had made it clear.
No one forced them to do it. They did it knowingly in the name of short and medium-term profit. I’m not even judging if that is bad (I do THINK it’s bad overall, but I’m not arguing it here). I’m just pointing out what happened.
So now the West must not be surprised. And they aren’t! They just need to craft narratives that will paint them in good light.
In our current system, which is, without a doubt, a corpocracy, it's easy to forget that before the 1970s, corporations didn't have that much power at all, and they were regularly overruled by other organizations - labor unions, government social welfare programs, religious institutions, grassroots movements, etc. Allowing corporations to maintain access to the US market while outsourcing jobs to countries with slave labor is the exploit/loophole that allowed corporations to amass wealth and MADE corporations as powerful as they are today.
> Did big businesses in the West really think “investing” in China would lead to “freedom” and such? Isn’t that framing a bit naive?
Yes I think. At least a lot of Western policymakers did buy a "change through trade/investment" story, and it wasn't pulled from nowhere because it had worked in the past.
In postwar Japan and later South Korea, integration into the West's economic system coincided with eventual democratization, closer alignment of values, and alliance.
It was reasonable to think the same thing would work in China, but that doesn't seem to be the case.
Also the US intentionally set China up for investment by doing things like bringing them into the WTO. All that investment wouldn't have happened without some level of government support.
Perhaps it would be more accurate to say that US policymakers deregulated capital flows with China in the hopes that it would lead to political liberalization. Businesses always just follow the money, but for a long time American policy makers had made it difficult to invest in China, from regulatory uncertainty to restrictions on dual use technology exports to high tariffs.
It really was an intentional decision, largely on the part of the Clinton administration, to make investing in the country easier and improve the economic well being of Chinese citizens in the hopes it would inevitably lead to democratization. Clearly, those hopes were just that though
Did big businesses in the West really think “investing” in China would lead to “freedom” and such?
You’re right in your assumption that profit-seeking was the major part of it - like, it wouldn’t have happened otherwise.
But the idea that the West trading and interacting with China would mean the populous (and perhaps government) would come to understand the benefits of a free society, and so China would trend towards a Western political system - probably gradually rather than violently - was a mainstream view from the 80s to the early 2010s.
> Did big businesses in the West really think “investing” in China would lead to “freedom” and such? Isn’t that framing a bit naive?
It worked in south korea and taiwan which were severe military dictatorships before (maybe you could throw japan im there too?) so the history of capitalism liberalizing countries isn't all failures
"Lai is a victim of this miscalculation."; I don't think Lai miscalculated, he knew what was coming and fought it anyway.
"Authority comes from submission"; sure someone can threaten you with physical coercion, but they can't make you want to submit. I would strongly suspect that Jimmy knew what was coming, but the point isn't "winning" in the "hollywood" sense, but rather that he did the right thing even. I would suspect not even in spite of the cost, but because of the cost.
Are principles that don't cost you anything even principles?
The weird thing is China is absolutely jam packed with small companies. Go to a trade show and you'll find dozens of companies selling basically the same products with minor variations. It's absolutely cutthroat.
In the US we tend to see small companies get gobbled up by huge incumbents regularly, but in China the situation is much more in flux and it's not always obvious who the winners are going to be. It's the opposite of what you would expect from a command economy, at least in the tech and consumer product sectors.
Miscalculation on what level? I think you are right concerning the methods as during the “last-stand” at hk poly technic, tanks were assembling in Futian Shenzhen (sat images.. what was this site again)
I think that laypeople in the US were willing to see more investments in China with the rationalization that it could lead to more human rights. If you had polled random Americans in 1995 with a question like, "Should the US government and American companies invest in the People's Republic of China in an effort to increase human rights and liberalization there?", most people would have responded "yes".
The miscalculation comes from thinking that the investment would actually have that effect. And I do think some people at the top knew it wouldn't have that effect, but of course, there was cheap labor to be had, and that was what they wanted more than anything else.
So far you're right but the tide can always turn. China has massively overbuilt housing supply, which is the kind of mistake that a freer economy couldn't make. China's failed birth policies (1 child until 2015!) are another example.
My opinion is still that capitalism (Western style) will win. Not because markets are never wrong but because the scope for fucking up is so much less. Markets can't decide "families can have only one child" or "we need to build 90 million units of housing" (that now sits empty). An accumulation of fuck-ups in this vein is inevitable when you have a small group of people making these kinds of decisions. In the long run, it will be fatal.
It depends though, whom you are asking about failed or successful policies. For example I have seen a normal flat of a friend in China in a capitol of a province, who lives alone in this 4 room apartment. I asked how much rent they had to pay and then asked them what they think, how much they would have to pay for that in Berlin. When I told them they would probably have to pay some 2k EUR rent, they thought for a moment, then just said: "That's insane!". The rent they paid was maybe 1/8 to 1/6 of that. And that apartment was not somewhere far out. It is well within the city and has good public transport connection. People can afford to rent. People can move. Single people. Over here not so much. This is also a result of the state having built houses and apartments.
i don't know much about the rental market in china, but living there, always renting, i had the impression that rents do not cover the cost of the apartment. it is as if most people rent out their apartment because it would otherwise stay empty. when we finally bought an apartment, the mortgage payments were twice as high as what we would have paid for the same apartment in rent. we had a 15 year mortgage i think, so that means it takes 30 years in rent to just cover the cost of the apartment. is that profitable? i don't know. in germany rent has to be profitable.
They prebuild 10 years of housing runway but still have another 10 years, aka 100m+ housing shortage for urbanization goals. They realize they got overzealous and was venturing in bubble and and intervened during boom vs after collapse. AKA preplanning and prematurely fixing something, which is the kind of intervention a freer economy can't do.
Family planning was also massive successful in preventing frankly 100s of millions of useless mouths from being born and concentrating resources to upskill 1-2 kids, hence their massive catchup within a few generations. Now they make more technical talent than OCED combined and will have the greatest high skill demographic dividend to milk for at least our life times, giving them 40+ years to sort out better family planning.
BTW US overspending 5-10% of GDP aka 2.5 Trillion per year on healthcare vs OECD baseline is basically more wasteful misallocation than anything PRC has ever done, including RE misallocation (3-5% waste). And at least they still have housing units left to use (being converted into affordable housing), instead of piles of paper work and personal debt. Accumulation of fuckups that are not resolvable in western style capitalism, it will be fatal medium term.
The "ghost cities" narrative has been bunk for a while. Most of those developments have been filled up and are now seen as highly desirable ultra-modern cities, e.g. Pudong New Area in Shanghai, but much cheaper for first time buyers than anywhere in the North America or Europe.
1) Years ago for work, I went deep investigating these; some of the team actually flew to China to see it all first-hand and verify the data. This is not a bunk narrative.
2) I've never made this accusation on HN before and apologize if I'm wrong, but this is a new account with 3 comments, all on this post (one of the largest posts about Hong Kong I've seen in a while here), and it looks a lot like a paid actor for China. This makes me thankful for the green-name feature on HN, if the random string of numbers wasn't enough of a tell.
China is still moving millions of people from rural to urban areas every year. The overbuilt housing is a complete non issue that will naturally solve itself in under a decade. Meanwhile in the west there is a massive housing affordability crisis because the government lets special interests make new housing illegal. I am not a fan of the chinese government but their housing policy is one spot where they are obviously better than western policy.
> Markets can't decide "families can have only one child"
Actually they can. It's part of the reason why a lot of capitalist nations are seeing major problems with population stagnation and possibly shrinkage.
The problem is markets don't care at all about society. If they can require that every member of a household has to work and extract all their money as efficiently as possible, then they leave little room for society to have families.
Capitalism is geared towards minimizing workers' free time. And, unfortunately, free time is how babies get made and kids get raised.
That is where western capitalism is failing. Shouting louder and young adults to pull on bootstraps harder isn't making them have kids in their studio apartments.
South Korea and Japan are 2 examples of this train-wreck that's coming for the US and other nations.
> If they can require that every member of a household has to work and extract all their money as efficiently as possible, then they leave little room for society to have families.
This ascribes an agency to capitalism that doesn’t exist.
The families themselves make the choices to have more or fewer children.
Capitalism says nothing about free time. Make the connection in your argument - people without enough money work as much as they can, maybe… but I still don’t see the lower wage people I know working 16 hour days. In fact it is the people who have a use for the extra money, usually to buy free time later, as one would expect in a capitalistic system.
> This ascribes an agency to capitalism that doesn’t exist.
Oh no, it really doesn't.
Captialism is everyone working to maximize profit. It's the lack of foresight on social problems and pressures in capitalism that leads to exactly this problem.
> The families themselves make the choices to have more or fewer children.
Right, because of the pressure of a capitalist society. People can be priced out of having children if necessities like food, housing, and clothing price them out of being able to take care of a child.
> Capitalism says nothing about free time.
Capitalism is about maximizing profit. A direct path towards that is paying employees the minimal amount and having them work the most hours to extract the maximum amount of value from them.
Before mass unionization, 60 or 80 hour workweeks were pretty common in the US. Even today, we see companies that use salaried employees as a way to make employees work longer hours.
If overtime wasn't so expensive, you could bet that McDonalds would have people working 12 hour shifts. Hospitals already do that to nurses.
> capitalism is everyone working to maximize profit
This is nonsense. Capitalism is about the private ownership of productive stuff, i.e. capital. That’s it. Profit is a corollary, and one that is bounded by preferences and tastes.
> completely ignores the coercive law of competition
Not a forcing function unless you’re levered. Competition can’t push your return on a productive asset below zero (by definition), just lower by increasing the value of said asset while reducing the cash flows from it.
`Not a forcing function unless you’re levered`; but every one is levered, you aren't born with all the housing, food, and water you'll need for the rest of your life. Everyone is born with a net negative of the necessities of life, the difference though is that a very small minority are bequeathed this by well heeled ancestors. But for the overwhelming majority there is a life long struggle to afford to live a suitable life.
The West failed in its goals but the flip side is they unintentionally made it possible to pull 750 million people out of poverty. Probably the greatest western foreign policy victory ever.
I don't think it was a miscalculation. Greed always ran deep in the West too.
> If a country's people could either violently (Romania) or peacefully (almost everywhere else) remove such totalitarian systems of politics
It's not always possible. It works in some countries but not in others. For instance, it seems not possible in Russia.
> China, on the other hand, had not moved away from command economics at the time. Instead, the result was state capitalism. People were free to try new things that could create economic expansion, but only in a way that served the needs of the state.
I somewhat agree, as the sinomarxist theorem and strategem is about that (and the sinomarxists also managed to bring out many people out of poverty too), but your analysis is not entirely correct either as China has many superrich now, which is a perversion in the system. So Xi also lies here. Because how can there be so many
super-superrich? This is a master-slave situation, just like in other capitalistic countries. So why then the lie about sinomarxism? They just sell it like an ideology now, not unlike the Juche crap in North Korea.
But Russia has never removed the Communists from power. It removed the Communist party, that's true. But plenty of the revolutionaries were themselves Communists; both Gorbachev and Yeltsin were very high-ranking Communists. They liked the idea of economic liberalization, but the political liberalization was only allowed as long as they stayed in power. I'm not sure Russia has seen even a single honest presidential election. The current "president" of Russia is a former KGB officer.
Calling Yeltsin a communist is bananas. He played a central role in collapsing the Soviet Union by pulling Russia out of the Union, without any democratic input from the people. He then privatized everything, sold it all to the oligarchs and outside American/European hedge funds, and gutted all of Russia's remaining social safety programs from the SU. Yeltsin would be considered the very definition of a neoliberal, and was considered a friend and ally of the United States, which is now something we try to whitewash.
The key thing for me here is that Yeltsin apparently falsified a lot of elections, including his own, to keep the right people in power. Economic liberalization (which had quite an effect) while holding the political reins tightly is very much like the Chinese communists acted during Deng Xiaoping's tenure. The Chinese managed to bring somehow wiser people to top though, it seems.
Yeltsin may have used Communists as a scare during his campaign. But today's Russia is in hands of a former Communist dictator, much like today's China is in the hands of a career-Communist dictator.
It _is_ correct to say that Yeltsin fought a very dirty campaign, using "dark cash" (the infamous "Xerox box") and unfair agreements with the major media owners.
China hasn't become a Western capitalist democracy, but it has changed enormously for the better from the genocidal tyranny of the Mao era, and my guess is that it will keep changing.
One "first principles" way to think about it is that money is power, and as the Chinese middle class grows bigger and richer, it will have more and more of the power. I expect it will want similar things as the middle class in other countries.
This may take any number of decades, which unfortunately makes this a hard theory to falsify.
> it was thinking that investment in China would equal liberalization and democratic reforms
China now _is_ far more liberal than in the 80-s. But it's also not even close to the Western democracies.
> China, on the other hand, had not moved away from command economics at the time. Instead, the result was state capitalism.
Not really. "State capitalism" really is misleading. China is fiercely capitalistic, far more than any modern Western country. The ruling party has an unspoken agreement with the population: you stay out of politics, and they stay out of your business.
But I don't think this is sustainable. Russia had a similar social compact, and it had been broken after the Ukrainian invasion. There was too much power concentrated in one person, and it just never works.
> it was thinking that investment in China would equal liberalization and democratic reforms...
That's a rewriting of history and a common misconception I've seen repeated ad nauseam both on HN and (what I assume is it's origin) Reddit.
The West (primarily the US and then-West Germany) began investing in China in the 1970s to 1989 explicitly as a bulwark against the USSR [0] due to the Sino-Soviet Split. The "economic democratization" argument was a 1990s-era framing to reduce opposition to the PRC joining GATT/WTO [1] along with to reduce the sanctions enforced following the Tienanmen Square massacre [2].
George HW Bush as well as Clinton's NSC Asia Director Kenneth Lieberthal were both massive Chinaphiles, and played a major role in cementing the position China is in today.
“The ‘economic democratization’ argument was a 1990s-era framing to reduce opposition to the PRC joining GATT/WTO” is what they’re talking about. American security analysts believed that making China richer would make it more like us.
Prior to that it was principally geostrategic. But prior to that, the argument was never made.
> American security analysts believed that making China richer would make it more like us
The NSC in the first Clinton admin and the HW admin was ambivalent-to-opposed to the "endogenous democratization" approach, as was seen with Clinton 1's decisions during the China Straits Crisis under Anthony Lake (who was canned in 1997) along with Bush 1's retrenchment of sanctions in response to the Tiananmen Square Massacre under Brent Scowcroft. Much of the shift happened in Clinton 2 due to personnel changes and a significant loss of political capital due to then ongoing controversies.
> But prior to that, the argument was never made
Yep. The "endogenous democratization" argument only arose in 1997 after Adam Przeworski and Fernando Limongi's paper "Modernization: Theories and Facts" was published back in 1997 [0].
Interesting point and pardon my naïveté but I’m curious, by “the west began investing” do you mean public sector investments? Or are you including people like jim rodgers long time China bull? I think private sector investment wouldn’t be done for anything other than profit. It seems like trade liberalism is an ideological thing that people seem to believe in above and beyond geopolitical concerns. Those who believe in trade liberalization (globalization) are sort of religious in their belief that it leads to liberalism in all spheres, not just the economic. I’m thinking of classic liberals, economists, Ayn Rand fanboys, etc.
Both public and private. Read my first citation - I don't feel like relinking dozens of citations on 1970s-80s US-China relationship.
Tl;dr - the Carter and Reagan administrations both heavily invested in building the PRC's R&D, military, and industrial capacity through a mix of public-private investments primarily as a bulwark against the USSR along with US Army boots on the ground in Xinjiang.
I’ve read the first 4 of those links and they don’t point to financial investment per se. They do cover liberalization in the diplomatic sense, and sale (not purchase) of US military tech, all of which is obvious given their location and the time period (peak Cold War), but I am curious about specifically financial investment in China, which is what the parent was discussing. I mean we weren’t buying their planes or submarines or anything. We were cozying up to them because that’s what was demanded by the defensive realities of the Cold War. That seems like a different thing than investing in China in the sense of financial investment during the post Cold War period of the late 90s onward. Again, sorry if I’m asking stupid questions but you seem to have a lot of knowledge and I want to learn more myself.
I think that it's both a rewriting of history and a rationalization of the investment on some people's parts.
Nixon's opening of relations with China was definitely a move against the USSR, but that was nothing compared to the extent of investment that was seen after the fall of Communism in Europe. The fact that the CPC was still very much in charge while all of this investing was occurring had to be rationalized somehow in the minds of people who were less cynical, and "it'll help liberalization" was probably one of the rationalizations used. And in some ways, you can use investment as a way to leverage social changes within countries, and some people (though apparently not enough) thought that was the intention with China, but there was only a carrot, not a stick, and by the time there was a desire to use a stick, there was too much dependency on China as a market and producer for the West. That's where we're at now.
> but that was nothing compared to the extent of investment that was seen after the fall of Communism in Europe
Most of the capital investment and institution building that led to China Shock in the 2000s only happened due to the extreme degree of tech and capital transfer in the 1970s-80s, along with the visiting student program. Heck, Vietnam had a higher HDI [0] and GDP PPP per Capita [1] than the PRC until the early 2000s. The only difference was Vietnam was strictly in the Warsaw Bloc camp, and was negatively impacted by the collapse of the USSR, Czechoslovakia, and GDR while China was able to leverage ties with the US during that period.
> While it is a human right to own property and use it to rationally pursue one's self-interests, that does not mean that capitalism in its current form is conducive to that for the greatest number of people, or to the evolution of other human rights in the societies in which capitalism is practiced.
I'd argue that communism is the only system of government that guarantees property for all. That's somewhat a core tenant that every member in a communist society collectively owns everything.
Capitalism is optimized to reduce or eliminate property access. For example, a free market capitalist has no problems with a very rich individual buying a city and perpetually renting the property to it's employees at rates above their salary, putting them in perpetual debt to that individual. They own nothing and can't escape their circumstances. Nor can their children.
Capitalism with minimal or no regulation naturally devolves into feudalism.
> I'd argue that communism is the only system of government that guarantees property for all. That's somewhat a core tenant that every member in a communist society collectively owns everything.
This year, I knit a scarf for a friend as a Christmas gift. He already owns several scarves, unlike some other people who own none, but might need one more than he does. How is that collective ownership supposed to work here? Are you going to take that scarf away from me and "assign" it to someone you deem more deserving? I'll resist and you'll have to take it from me by force. And if you do, I'll stop knitting altogether, because why bother if I never get the chance to gift it to my friend. What are you going to do when you need the next scarf, force me to work?
If the answer is "yes", you've just reinvented a communist dictatorship. If it's a "no", then such society will run out of food and goods, and something better will rise to replace it.
“Private property” in the socialist sense is property which is used for production (note that socialist countries - Laos, Vietnam, USSR before the destruction of socialism - typically have 80%+ rates of home ownership). Collective control of factories, land used for commodity & social (i.e. feeding people) production.
There are many writings that address this misconception. Communist Manifesto https://www.marxists.org/archive/marx/works/download/pdf/Man... provides a succinct response. You might also search for what class owns most of the property in the united states.
Communism doesn't entail owning nothing or being able to produce nothing. It often even has a concept of money to trade for goods and services.
So you could take your earnings, buy some yarn, knit your friend a scarf, and there's no real change in societies.
The difference is that you'd get your money from a state run industry. Your home would be guaranteed. And where you ultimately end up working would be based on your capabilities.
You are free to knit or whittle gifts for friends. What you wouldn't be free to do is setup "mopsi's scarf business" without working through the state. You wouldn't be allowed to take the earning from "mopsi's scarf business" and use them to become a landlord. You could gain social status and benefits by running the scarf business, but those would be limited (barring corruption).
When I say "a communist society collectively owns everything" I'm talking mainly businesses, land, housing.
A mistake that people often make about communism is thinking it means "Everything is free" or "nobody owns anything". That's more of a collectivist approach. Communism is mostly centered around providing minimum guarantees through public ownership.
> You are free to knit or whittle gifts for friends. What you wouldn't be free to do is setup "mopsi's scarf business" without working through the state. You wouldn't be allowed to take the earning from "mopsi's scarf business" and use them to become a landlord.
If my scarves become so popular that even strangers begin offering money for them, I won't be interested in working for the state for basic necessities while the state takes the rest.
I'd rather barter with others for the useful things they produce. My friend, for example, grows excellent tomatoes.
Over time, if we have many friends, we will live comfortable lives, while loners will wither away. Is this an acceptable outcome for you as the dictator of the Bestest Communist Paradise on Planet Earth (BCPPE), or will you do something about it?
That's so naive. Economic central planning is a fool's errand. Regardless of how good the computers are, it can never work because it's impossible to gather accurate demand data. Only free market economics can ever work at scale over the long term.
Go ahead, plan my Christmas Eve. What time I wake up, what time I leave the house, which routes I take, what things I buy. Assign the kWhs of electricity and liters of water and fuel that I'll use up, plan ingredients for my meals of the day.
The belief that a central "digital planning engine" could plan the lives of an entire society is an incredibly naive idea from early cybernetics. This doesn't work even in small thought experiments because of information limits. No central system can access all the local knowledge and constantly changing circumstances.
Communism as such has never existed and will never exist because it ignores human nature. Private property rights are a fundamental tenet of human psychology.
But hey, in defiance of 100+ years of failed attempts, if you want to see Politburos putting people in gulags again for being counterrevolutionaries . . . sure, give it another go.
Capitalism is the worst economic system that has ever been tried . . . except for all the others.
Anthropologically speaking these statements about human fundamentals (or "human nature") end up falling flat.
There have been plenty of societies organized in ways such that private property was irrelevant when existing at all.
I suggest "Debt" from David Graeber for a great dissertation of this topic (which is not the core topic, but definitely touched).
All of this without considering that private property of means of production is different from private property in general.
For the record, I'm not a communist. I'd probably say my values are pretty close to socialist-capitalist. And that is a form of government that many nations have adopted and are successfully running.
What's been failing is neoliberalism. Every nation that's been moving in that direction has serious problems as their social safety nets have started to collapse.
No OP. But if it’s similar to what I believe in, it’s free-market capitalism for business (with provisions for market failure, e.g. antitrust and utility regulation), redistribution of wealth for individuals, strong individual investor and consumer rights, and the state providing the bare basics through the market (housing voucher, food voucher, public education or an education voucher, electricity voucher, water voucher, internet voucher, and public healthcare).
> a regulated free market in parallel with a highly regulated UBI?
No UBI. Just basics for survival guaranteed. You should not starve if you can't find work. That doesn't mean we can support a non-working population at leisure. (Which, in our current model, occurs at both ends of the income spectrum.)
That's why I called it a "highly regulated UBI", which might not have been clear. You're proposing that all citizens receive the basics for survival in kind instead of the cash equivalent (which is how a UBI would work).
I think I prefer this model over what the OP ended up suggesting, but I'm not sure how feasible it would be in practice in the US.
> That doesn't mean we can support a non-working population at leisure.
Aren't the people who choose to live at a basic survival level living a life at leisure in your system?
> Aren't the people who choose to live at a basic survival level living a life at leisure in your system?
I suppose so, given they’re subsisting. It should not luxurious, however, and would probably carry with it a modicum of indignity. (Which is fine as long as they aren’t discriminated against.)
And for who's done it, basically every capitalist nation at this point.
Simply put it's recognizing that capitalism has failings but so does communism. It doesn't seek full state control of everything, just over industries where it's needed. It tries to strike a balance between public and private ownership.
Everything from Vietnam to the US have aspects of market socialism. I think that there are more industries where the US should take ownership, particularly industries that lend themselves to natural monopolies or oligopolies.
Thanks for the reply. I agree that regulating capitalism is necessary, but I also think the "where it's needed" portion of your thesis is a real sticking point.
I would be interested to know what industries you have in mind where the US should take ownership, and in what form.
- Railroads - The lines themselves and the operation should be owned by the federal government. Private rail companies should buy access which pays for line expansion and maintenance. The US needs regulations on things like train length and line speeds (none of these super massive trains blocking roadways because they don't fit inside a rail yard).
- Medicine - Medicare for all, but honestly I think nationalizing major hospitals and pharmaceuticals would probably be warranted. It's in the national interest to fund a wide breadth of research and medicine production even if that medicine doesn't ultimately turn a profit. But even if we just did insurance, the US is already covering the most expensive pool of individuals with Medicare (old people) expanding it to all citizens wouldn't be that expensive. Reform to medicare would help (particularly removing Part C, that's just a slush fund for insurance companies, but then also expanding and simplifying the other parts).
Utilities ownership - Doesn't need to be nationalized, but having municipal or state ran utilities would, IMO, be preferable. The state utilities boards suck and putting in checks for utility companies. They aren't elected and are easy to corrupt. For example, my water utility was recently purchased by a company. In order to cover the loan they took out to purchase the previous water company, they raised rates (fat chance those go down). For telecommunications, I think a British telecom style system would work well. The government owns the lines while various telecommunication companies compete for service. That'd make it easier for more than just 2 companies providing internet service to a given location. Cellular networks practically already work like this, the big 3 own everything and sub-carriers just lease access. It'd be better if the government nationally owned cell service deployment. Especially in terms of spectrum usage.
- Food production - I don't really think government ownership is needed here, I think anti-trust and breakups are needed. These markets have consolidated to a huge extent which is really bad for everyone. Having just ~5 different national grocers is a bad thing. Having just a few mills (like general mills) is a bad thing.
- Chip fabrication - This should be owned by the government much like TSMC. And like TSMC, the likes of nvidia/intel/amd can buy a fab to do their runs. Fabs are just too crazy expensive and losing the competitive edge here is a security problem.
Basically, my view centers mostly around when an industry gets too consolidated. Especially when I think it's something that has critical importance to the general public. I could be open to more of these sorts of actions, it just depends on if an industry can be naturally competitive or not. Like, for example, I think a nationalized shoe manufacturing is a dumb idea as it's already a highly competitive market that could be easily broken up.
> Private property rights are a fundamental tenet of human psychology.
This is a weird religious belief. Property rights are an entirely unnatural construction. Under normal circumstances, you own exactly what you can defend, no more, no less. Property rights are a communal imposition to protect the weak from the strong, and are no more natural than any other socialist endeavor.
Safety-nets for big companies so they can't fail, shared ownership for rich shareholders. Dog-eat-dog market forces, rugged individualism and bootstraps for the poor. Don't you think it's weird that the things communist Americans want, are the things Wealthy Capitalist Americans get, while telling the poor "those things don't work"? Central Planning sounds like a stupid idea, but why are all the big companies planned from a central HQ if everyone agrees that local planning is better?
> "in defiance of 100+ years of failed attempts"
Just curious, there wasn't any interference from outside during these 'failures' was there? Any trade embargoes? Any military intervention? Any assassinations? Any deliberate destabilizing? Any puppet governments?
> "if you want to see Politburos putting people in gulags again for being counterrevolutionaries"
There's 1.3 - 1.9 million people in American prisons now. 4.9 million who have been in prison. 19 million with felony convictions. Prisons are for-profit, and prisoners are used for forced labour, either paid nothing or paid less than minimum wage. The US ICE is disappearing people off the streets. The US president is targeting people who criticize him accusing them of treason (punishable by death)[1], recently writing """Chuck Schumer said trip was ‘a total dud’, even though he knows it was a spectacular success. Words like that are almost treasonous!""".
Why is "Communism" the cause of gulags but "Capitalism" isn't the cause of mass incarceration, forced labour, and the government covering up how many people die while imprisoned? Why does this American "communism can't work, has never worked, and reminder Communism == mass graves" style comment always feel like a loud pledge of allegiance trying to make it clear to the powers that be that you aren't criticizing them, begging them not to disappear you? Are you not even allowed to entertain a different idea? To consider that even if any given Communism actually can't work and is crappy to live under, that what you're saying is more like a religious recital than something sensible?
The sinomarxist mono-party is kind of doing their powerplay here.
The interesting thing is that the "two systems, one state" claim
was revealed to have been a lie. I can kind of understand the
position of China too, mind you - after all there was a war against
the UK empire and they forced ceding territory (e. g. Hong Kong).
But that still does not nullify the local's people preferences,
and Beijing simply bulldozered through by force here. That's the
total antithesis to freedom. Xi will focus on Taiwan next - that
is also clear. It is in the "DNA" of the sinomarxistic philosophy
(though one can wonder how much marxism with chinese focus is
still left; it's kind of capitalistic led by a dictatorship.
Oddly enough the USA is also transitioning to this by the tech-bros
oligarchs.)
We kind of see that freedoms are being eroded. I don't know if
that was always the case, or whether it just happens now more
rapidly so; or is reported more often, but in the late 1990s
I would say we had more freedoms, globally, than right now.
Somehow the trend is going towards less freedom. Putin invading
Ukraine, occupying land and killing people there is also highly
similar to the pretext of the second world war, with the invasion
of the Sudetenland by Germany, and then the Gleiwitz lie to sell
the invasion of Poland. I think the only real difference here is
that more countries have nukes. And smaller countries are kind of
put in a dilemma now, since they can not offset bigger countries
without nukes.
>But that still does not nullify the local's people preferences,
One reason why Lai's fate has only limited impact is because it doesn't resonate that strongly with working people for whom Hong Kong isn't an example of upward prosperity. His rags to riches 'boomer optimism' appeals more to the Western audience than to someone who has lived in the stagnation of Hong Kong of the last few decades, where ambitious tech talent now migrates to the mainland.
Likewise on the mainland the youth is significantly less interested in emulating the West or old Hong Kong which to them is not a symbol of dynamism.
1Country2Systems is still in place, just the version that was always meant to be, not the lie western propaganda sold.
HK failed their half of 2System by not implementing national security law on their accord after 20 years of failures and it became obvious they were never going to do it out of own volition. Frankly if local preferences is to be under national security umbrella and be free to commit treason their preferences should be completely nullified because that's unserious position. Hence PRC, after UNREASONABLE patience had shove it down their throats under 1C mandate (1C supercedes 2S) - HK only ever had "high" degree of autonomy, not full autonomy. It was always in Beijing's prerogative to force HK to eat their vegetables, it just took 20 years of HK incompetence before Beijing ran of patience. AKA the 1C2S muh HK has full autonomy under Sino British declaration tier of retarded western propaganda fed to useful idiots was a lie and got dispelled.
That's a whole lots of words to say that the people of HK don't get any say in how their lives are run, and that it's justified to force them into a situation they don't want. That's a crock of shit, and I suspect you know it.
There is no or ever has been a national security issue in one of the safest cities in the world. You could leave it in the doldrums for 50 more years and it wouldn't make a difference.
On the other hand, has John Lee made any real progress regarding the entwinement of the political economy and real estate developers leading to the high housing prices or overcompetition? Not really. So it's just full throated authoritarianism with no benefit. Unlike the West, HK already enjoys efficiency and infrastructure on par if not superior to Tier 1 Chinese Cities, so any appeals to "order" are farcical when the city is already far more orderly than the mainland.
Leave it to Reason to pick out a billionaire as a martyr. Normally when I hear about free speech heroes, they've said something. Apparently, what Jimmy Lai stands against is the extension of China's "illiberalism" to Hong Kong.
What exactly is that supposed to be describing, and what is he against? If all he's against is the financial setup that allowed him to become as rich as he did, and the fact that he would have to deal with new masters as Hong Kong's colonial period was ended, why the hell should I care? What does Jimmy Lai stand for that China stands against that I should care about?
"Illiberalism."
Meanwhile, the EU just unpersoned a Swiss citizen, a writer, Jacques Baud*, for not taking the European side in the US-Russia conflict. Not for lying about it, but simply for not taking the European side. Not that Reason would support that, either, but China doesn't have any monopoly on "illiberalism," and illiberalism in the control of speech is far more important to me than the oppression of billionaires.
Lai's just getting Khodorkovsky'd: some of the rich think they're beyond government, when they operate purely through the blessing of and coddling by governments. You would think you would know that when all you do is accumulate and trade government promises in the form of currency, but the amount of praise you get as a disturbingly rich person must destroy brain function to some extent. There has got to be some atrophy in your sense of cause and effect and a distortion of your place in the world when you're on top in every room.
> Jacques Baud, a former Swiss army colonel and strategic analyst, is a regular guest on pro-Russian television and radio programmes. He acts as a mouthpiece for pro-Russian propaganda and makes conspiracy theories, for example accusing Ukraine of orchestrating its own invasion in order to join NATO.
> Therefore, Jacques Baud is responsible for, implementing or supporting actions or policies attributable to the Government of the Russian Federation which undermine or threaten stability or security in a third country (Ukraine) by engaging in the use of information manipulation and interference.
> Meanwhile, the EU just unpersoned a Swiss citizen, a writer, Jacques Baud*, for not taking the European side in the US-Russia conflict. Not for lying about it, but simply for not taking the European side.
He was not "unpersoned", whatever that means, but sanctioned for being a professional Kremlin troll and for spreading lies such as claiming that the Bucha massacre was committed by British and Ukrainian secret services, that the war actually started a week earlier with a Ukrainian offensive that the entire world has suppressed, and so on. This is not even a matter of viewpoint, but a malicious flood of obvious lies.[1] Such superspreaders of lies are exactly the kind of people who should be sanctioned.
a capitalist is a martyr for capitalism when they knowingly break laws in the country they live in? i'm no fan of authoritarianism but come on. this article is such typical Reason dreck.
I don't care about the specific politics, and I don't know his biography. You can love this man and hate China with the power of every cell in your body. But calling anyone a martyr, even with poetic license, has very specific connotations which don't seem to apply here.
Snarkiness is not appreciated here. Well, at least officially.
No, that wouldn't make me happy. A world without suffering and oppression would make me happy, but failing that, lets at least try to use words appropriately.
He will likely die in prison, either from old age, poor conditions or shenanigans. He could have fled, but chose not to. Calling him a martyr isn't too much of a stretch.
>The dissident was convicted in Hong Kong earlier this week of two counts of conspiring to collude with foreign forces
>he also met with then–Vice President Mike Pence and Secretary of State Mike Pompeo; at trial, Lai testified that he had asked them to voice their support for Hong Kong.
Yeah, I don't think that's going to help convince anyone buddy.
Jimmy Lai is more courageous and principled than anyone you've probably ever met in your life. He'll die in prison for his belief that speech should be free in Hong Kong.
It isn't an appeal to emotion. Jimmy Lai stood up for free speech in Hong Kong, factually and it paying with his life. I'm simply pointing out that you have probably never seen real courage or conviction in your life and aren't in a good position to judge Jimmy Lai.
Your whole posting history is just inflammatory claims that you rarely stand behind. I keep bumping into you doing this, it's a bad look.
This man will spend the rest of his (possibly short?) life in prison for the crime of publishing ideas that the government didn't like. He chose to stay in hong kong defending the principles that mattered to him instead of abandoning his principles and fleeing to the UK, which was on option entirely open to him.
>he also met with then–Vice President Mike Pence and Secretary of State Mike Pompeo;
To sanctions HK politicians btw aka, comprador traitor gets the traitor treatment. Man should be in extraterritorial laogai in 247 stress positions but get kids treatment because CCP too lenient, and well they don't have those.
Reminds me of the recent Nobel "Peace" Prize winner, Corina Machado, who begged America and Israel to bomb her own country (Venezuela). If these people are supposed to be our heroes then I'll go with the villians.
It's a good thing that the anti-comprador discourse has find its way on this forum, too, out here in Eastern Europe they (the compradors, that is) occupy almost all positions of power, it's really tiring.
Back to the article, it only took me one click to find this info about its author [1]:
> Prior to his career in journalism, Binion worked as a contractor at NATO,
They're not even trying to hide it anymore, like in the good old days of the Paris Review.
Britain had the chance to liberalize Hong Kong before the handover negotiations even began. You can thank Murray MacLehose for the mess they're in now.
https://blogs.lse.ac.uk/lseih/2025/06/13/the-empires-last-ab...
UK offered a rather simple pathway to immigrating to the UK for most Hong Kong residents [1]. But the choice between the stagnant UK and the booming mainland China was not obvious for everyone in late the 1990s, when China seemed to be democratizing more and more (despite the Tiananmen massacre), and growing richer by the day.
[1]: https://en.wikipedia.org/wiki/British_National_(Overseas)
They had multiple pathways. The top three destinations were Canada, the USA, and Australia. These locations offered a major benefit over the UK - they were on trade routes along which people from Hong Kong were already doing business.
Canada was particularly affected. It absorbed the most immigrants, they were a larger share of the population, and this was a major increase in ethnic diversity. The resulting cultural clashes were sometimes an issue. Here is one that literally doubled car insurance rates in British Columbia around the time I left.
Three cars, 2 in front with the left-hand car being driven by a Canadian, and the back car driven by a recent immigrant. The immigrant sees the opportunity to pass, swings out into oncoming traffic, and guns it. Leaving just a few inches of room. Normal Hong Kong driving.
The Canadian has no idea that this is happening until OMG I'M ABOUT TO BE HIT! The Canadian then swerves right to avoid the emergency, and hits the car on the right.
The immigrant drives off. Presumably wondering about these crazy Canadians who don't know how to drive.
Everyone involved behaved reasonably for how they were used to driving. But the combination worked out very poorly...
I would argue that the immigrant behaving reasonably "for how they were used to driving" is itself unreasonable. When you move to foreign country you have to adjust some things about your behavior. Driving behaviors and anything else with such a strong public safety component should be the most obvious thing to adjust for an adult, without needing to be told.
A rather bizarre digression...
It was a far cry from the full Portuguese citizenship offered for Macau, both in the latter's lack of conditions on acquisition (beyond being over age 15 at the handover), and in passing it on to descendants.
https://www.quora.com/Why-did-Portugal-give-full-citizenship...
I know that attributing to western countries the responsability for any bad thing happening in this world is a common reflex, but we are 30 years after the handover, 40 years after the negotiation, so surely China bears some if not pretty much all the responsibility here.
And it's not like the UK had much of a choice in the first place. China threatened to invade and there is very little the UK could have done to prevent a full control.
Worth also remembering that "one country, two systems" came with an expiration date that is rapidly approaching anyway.
> I know that attributing to western countries the responsability [sic] for any bad thing happening in this world is a common reflex
I don't think I'm being superficial here. There are a few distinct events during the 20th century which can be attributed to the British. The handover of Hong Kong, Suez Crisis and the Balfour Declaration stand out the most.
> And it's not like the UK had much of a choice in the first place. China threatened to invade and there is very little the UK could have done to prevent a full control.
The leased territories are Chinese territory. Full stop. Hong Kong island and the ceded land could not survive alone. All of the water processing happens in the New Territories. It would have been impossible to either break up HK or defend it.
https://i.redd.it/zghghoib1k1a1.png
China has not rolled back any reforms that happened before negotiations began [0]. They did rollback the last-ditch efforts of Chris Patten [1] because at that point it was seen a malicious attempt to undermine the handover.
The mechanisms for China to take control were largely left in place by the British so they bare some responsibility, but it is the PRC asserting this control and there's an argument to be made that most of HK supports the PRC and it's their right to do what they wish with their own territory.
> Worth also remembering that "one country, two systems" came with an expiration date that is rapidly approaching anyway.
It'll be interesting to see what is kept. China's experimenting already in Hainan. They could structure Hong Kong in a similar fashion.
[0] - The PRC did introduce PR with the idea that it would reduce the risk of majorities forming but the system is arguably more democratic than FPTP.
[1] - https://en.wikipedia.org/wiki/1994_Hong_Kong_electoral_refor...
> I know that attributing to western countries the responsability for any bad thing happening in this world is a common reflex
You can’t gloat that the sun never sets on your empire and then absolve yourself from responsibility for events that you had a heavy hand in influencing. Regardless, if you think the article is wrong, your point would he better served by providing examples of where it’s wrong and stating why.
> Britain had the chance to liberalize Hong Kong before the handover
How would it have made a difference when the Chinese military invaded?
TBH UK never had the chance because PRC saw through their games. TLDR UK wanted to maintain influence post handover for their investments, but like most other colonies on the fading empire they had no leverage, i.e. negotiate to turn HK into self administered territory (like Singapore)... along with UN decolonization rules meant engineering pathway for HK independence. PRC keked and said fuck off and promptly removed HK from UN list of non-self governing territories. There's a reason UK/Patton had to jam in HK liberalisation efforts last minute to increase UK influence post handover and not before... because if they did it before, i.e. pre 90s there would be so much anti colonial and pro CCP sympathies that political freedom in HK could be contrary to British interests. HK was just another Suez, symptom of UK weakness, not any one man.
When the UK handed back HK, the Chinese who are nothing if not wiley, understood that they needed to maintain intelligence, surveillance, and some kind of institutional knowledge of the various organised crime groups, certain individuals with borderline business interests, that sort of thing. They offered the British police officers houses, stipends, and other incentives to stick around and clue-in the incoming crop of officials, domestic intelligence officers, and cutouts/go-betweens. Something of an untold story. Would make a great streaming series.
I'm interested in how the takeover happened on the inside. How do you take control of a country with minimal drama when even small corporate takeovers get so messy? I assume there's been a lot of work to root out internal dissent, install aligned individuals, take control of computer systems. Even though the UK handed HK to China, there's got to have been people with strong feelings that created roadblocks along the way.
If there was one critical miscalculation the West (particularly the US) made in the last 40 years, it was thinking that investment in China would equal liberalization and democratic reforms. There was a mistaking of capitalism for human rights. While it is a human right to own property and use it to rationally pursue one's self-interests, that does not mean that capitalism in its current form is conducive to that for the greatest number of people, or to the evolution of other human rights in the societies in which capitalism is practiced.
If investment was the key to liberalization, we would have seen far greater investment behind the then-fallen Iron Curtain, where countries had actively turned their backs on command economies. The cynic in me thinks that capital didn't like just how that had turned out. If a country's people could either violently (Romania) or peacefully (almost everywhere else) remove such totalitarian systems of politics and economics, they could also reject methods of accumulating capital that might run afoul of their values.
China, on the other hand, had not moved away from command economics at the time. Instead, the result was state capitalism. People were free to try new things that could create economic expansion, but only in a way that served the needs of the state. Anything else would be handled with the same totalitarian methods that political dissidents and class enemies were once handled with under Mao. While this has ebbed and flowed over the years, it essentially remains the system in place.
Lai is a victim of this miscalculation.
Did big businesses in the West really think “investing” in China would lead to “freedom” and such? Isn’t that framing a bit naive?
They went to China because it was cheaper. They went there in detriment of their countrymen that went without jobs, in detriment of the environment (what with all the shipping boom that followed), even in detriment of their own countries, since this would stifle development and industrialization. And they KNEW that technology transfer would follow, because China had made it clear.
No one forced them to do it. They did it knowingly in the name of short and medium-term profit. I’m not even judging if that is bad (I do THINK it’s bad overall, but I’m not arguing it here). I’m just pointing out what happened.
So now the West must not be surprised. And they aren’t! They just need to craft narratives that will paint them in good light.
In our current system, which is, without a doubt, a corpocracy, it's easy to forget that before the 1970s, corporations didn't have that much power at all, and they were regularly overruled by other organizations - labor unions, government social welfare programs, religious institutions, grassroots movements, etc. Allowing corporations to maintain access to the US market while outsourcing jobs to countries with slave labor is the exploit/loophole that allowed corporations to amass wealth and MADE corporations as powerful as they are today.
> Did big businesses in the West really think “investing” in China would lead to “freedom” and such? Isn’t that framing a bit naive?
Yes I think. At least a lot of Western policymakers did buy a "change through trade/investment" story, and it wasn't pulled from nowhere because it had worked in the past.
In postwar Japan and later South Korea, integration into the West's economic system coincided with eventual democratization, closer alignment of values, and alliance.
It was reasonable to think the same thing would work in China, but that doesn't seem to be the case.
Also the US intentionally set China up for investment by doing things like bringing them into the WTO. All that investment wouldn't have happened without some level of government support.
I think it’s more accurate to say that Western policymakers sold that story to the public on behalf of the companies that bought, er, lobbied them.
Perhaps it would be more accurate to say that US policymakers deregulated capital flows with China in the hopes that it would lead to political liberalization. Businesses always just follow the money, but for a long time American policy makers had made it difficult to invest in China, from regulatory uncertainty to restrictions on dual use technology exports to high tariffs.
It really was an intentional decision, largely on the part of the Clinton administration, to make investing in the country easier and improve the economic well being of Chinese citizens in the hopes it would inevitably lead to democratization. Clearly, those hopes were just that though
I think China also made it difficult to invest in China.
> Did big businesses in the West really think “investing” in China would lead to “freedom” and such? Isn’t that framing a bit naive?
I think the OP would frame this as the Western governments allowing Western businesses to invest in China.
Did big businesses in the West really think “investing” in China would lead to “freedom” and such?
You’re right in your assumption that profit-seeking was the major part of it - like, it wouldn’t have happened otherwise.
But the idea that the West trading and interacting with China would mean the populous (and perhaps government) would come to understand the benefits of a free society, and so China would trend towards a Western political system - probably gradually rather than violently - was a mainstream view from the 80s to the early 2010s.
> Did big businesses in the West really think “investing” in China would lead to “freedom” and such? Isn’t that framing a bit naive?
It worked in south korea and taiwan which were severe military dictatorships before (maybe you could throw japan im there too?) so the history of capitalism liberalizing countries isn't all failures
"Lai is a victim of this miscalculation."; I don't think Lai miscalculated, he knew what was coming and fought it anyway.
"Authority comes from submission"; sure someone can threaten you with physical coercion, but they can't make you want to submit. I would strongly suspect that Jimmy knew what was coming, but the point isn't "winning" in the "hollywood" sense, but rather that he did the right thing even. I would suspect not even in spite of the cost, but because of the cost.
Are principles that don't cost you anything even principles?
The weird thing is China is absolutely jam packed with small companies. Go to a trade show and you'll find dozens of companies selling basically the same products with minor variations. It's absolutely cutthroat.
In the US we tend to see small companies get gobbled up by huge incumbents regularly, but in China the situation is much more in flux and it's not always obvious who the winners are going to be. It's the opposite of what you would expect from a command economy, at least in the tech and consumer product sectors.
> It's absolutely cutthroat.
Meanwhile in the land of the free, it's consolidation galore with very little competition.
Miscalculation on what level? I think you are right concerning the methods as during the “last-stand” at hk poly technic, tanks were assembling in Futian Shenzhen (sat images.. what was this site again)
I think that laypeople in the US were willing to see more investments in China with the rationalization that it could lead to more human rights. If you had polled random Americans in 1995 with a question like, "Should the US government and American companies invest in the People's Republic of China in an effort to increase human rights and liberalization there?", most people would have responded "yes".
The miscalculation comes from thinking that the investment would actually have that effect. And I do think some people at the top knew it wouldn't have that effect, but of course, there was cheap labor to be had, and that was what they wanted more than anything else.
So far you're right but the tide can always turn. China has massively overbuilt housing supply, which is the kind of mistake that a freer economy couldn't make. China's failed birth policies (1 child until 2015!) are another example.
My opinion is still that capitalism (Western style) will win. Not because markets are never wrong but because the scope for fucking up is so much less. Markets can't decide "families can have only one child" or "we need to build 90 million units of housing" (that now sits empty). An accumulation of fuck-ups in this vein is inevitable when you have a small group of people making these kinds of decisions. In the long run, it will be fatal.
It depends though, whom you are asking about failed or successful policies. For example I have seen a normal flat of a friend in China in a capitol of a province, who lives alone in this 4 room apartment. I asked how much rent they had to pay and then asked them what they think, how much they would have to pay for that in Berlin. When I told them they would probably have to pay some 2k EUR rent, they thought for a moment, then just said: "That's insane!". The rent they paid was maybe 1/8 to 1/6 of that. And that apartment was not somewhere far out. It is well within the city and has good public transport connection. People can afford to rent. People can move. Single people. Over here not so much. This is also a result of the state having built houses and apartments.
i don't know much about the rental market in china, but living there, always renting, i had the impression that rents do not cover the cost of the apartment. it is as if most people rent out their apartment because it would otherwise stay empty. when we finally bought an apartment, the mortgage payments were twice as high as what we would have paid for the same apartment in rent. we had a 15 year mortgage i think, so that means it takes 30 years in rent to just cover the cost of the apartment. is that profitable? i don't know. in germany rent has to be profitable.
They prebuild 10 years of housing runway but still have another 10 years, aka 100m+ housing shortage for urbanization goals. They realize they got overzealous and was venturing in bubble and and intervened during boom vs after collapse. AKA preplanning and prematurely fixing something, which is the kind of intervention a freer economy can't do.
Family planning was also massive successful in preventing frankly 100s of millions of useless mouths from being born and concentrating resources to upskill 1-2 kids, hence their massive catchup within a few generations. Now they make more technical talent than OCED combined and will have the greatest high skill demographic dividend to milk for at least our life times, giving them 40+ years to sort out better family planning.
BTW US overspending 5-10% of GDP aka 2.5 Trillion per year on healthcare vs OECD baseline is basically more wasteful misallocation than anything PRC has ever done, including RE misallocation (3-5% waste). And at least they still have housing units left to use (being converted into affordable housing), instead of piles of paper work and personal debt. Accumulation of fuckups that are not resolvable in western style capitalism, it will be fatal medium term.
The "ghost cities" narrative has been bunk for a while. Most of those developments have been filled up and are now seen as highly desirable ultra-modern cities, e.g. Pudong New Area in Shanghai, but much cheaper for first time buyers than anywhere in the North America or Europe.
1) Years ago for work, I went deep investigating these; some of the team actually flew to China to see it all first-hand and verify the data. This is not a bunk narrative.
2) I've never made this accusation on HN before and apologize if I'm wrong, but this is a new account with 3 comments, all on this post (one of the largest posts about Hong Kong I've seen in a while here), and it looks a lot like a paid actor for China. This makes me thankful for the green-name feature on HN, if the random string of numbers wasn't enough of a tell.
This take is bunk. I travel to China every year and in each major city, for each filled skyscraper, there is another that is half built and empty.
> Markets can't decide "families can have only one child"
Sure they can. Just make it unaffordable to do anything else.
China is still moving millions of people from rural to urban areas every year. The overbuilt housing is a complete non issue that will naturally solve itself in under a decade. Meanwhile in the west there is a massive housing affordability crisis because the government lets special interests make new housing illegal. I am not a fan of the chinese government but their housing policy is one spot where they are obviously better than western policy.
> Markets can't decide "families can have only one child"
Actually they can. It's part of the reason why a lot of capitalist nations are seeing major problems with population stagnation and possibly shrinkage.
The problem is markets don't care at all about society. If they can require that every member of a household has to work and extract all their money as efficiently as possible, then they leave little room for society to have families.
Capitalism is geared towards minimizing workers' free time. And, unfortunately, free time is how babies get made and kids get raised.
That is where western capitalism is failing. Shouting louder and young adults to pull on bootstraps harder isn't making them have kids in their studio apartments.
South Korea and Japan are 2 examples of this train-wreck that's coming for the US and other nations.
> If they can require that every member of a household has to work and extract all their money as efficiently as possible, then they leave little room for society to have families.
This ascribes an agency to capitalism that doesn’t exist.
The families themselves make the choices to have more or fewer children.
Capitalism says nothing about free time. Make the connection in your argument - people without enough money work as much as they can, maybe… but I still don’t see the lower wage people I know working 16 hour days. In fact it is the people who have a use for the extra money, usually to buy free time later, as one would expect in a capitalistic system.
> This ascribes an agency to capitalism that doesn’t exist.
Oh no, it really doesn't.
Captialism is everyone working to maximize profit. It's the lack of foresight on social problems and pressures in capitalism that leads to exactly this problem.
> The families themselves make the choices to have more or fewer children.
Right, because of the pressure of a capitalist society. People can be priced out of having children if necessities like food, housing, and clothing price them out of being able to take care of a child.
> Capitalism says nothing about free time.
Capitalism is about maximizing profit. A direct path towards that is paying employees the minimal amount and having them work the most hours to extract the maximum amount of value from them.
Before mass unionization, 60 or 80 hour workweeks were pretty common in the US. Even today, we see companies that use salaried employees as a way to make employees work longer hours.
If overtime wasn't so expensive, you could bet that McDonalds would have people working 12 hour shifts. Hospitals already do that to nurses.
> capitalism is everyone working to maximize profit
This is nonsense. Capitalism is about the private ownership of productive stuff, i.e. capital. That’s it. Profit is a corollary, and one that is bounded by preferences and tastes.
That completely ignores the coercive law of competition.
"Accumulate! Accumulate! That is Moses and the prophets."
- Karl Marx, Capital: A Critique of Political Economy, Volume 1
> completely ignores the coercive law of competition
Not a forcing function unless you’re levered. Competition can’t push your return on a productive asset below zero (by definition), just lower by increasing the value of said asset while reducing the cash flows from it.
`Not a forcing function unless you’re levered`; but every one is levered, you aren't born with all the housing, food, and water you'll need for the rest of your life. Everyone is born with a net negative of the necessities of life, the difference though is that a very small minority are bequeathed this by well heeled ancestors. But for the overwhelming majority there is a life long struggle to afford to live a suitable life.
The West failed in its goals but the flip side is they unintentionally made it possible to pull 750 million people out of poverty. Probably the greatest western foreign policy victory ever.
> Lai is a victim of this miscalculation.
I don't think it was a miscalculation. Greed always ran deep in the West too.
> If a country's people could either violently (Romania) or peacefully (almost everywhere else) remove such totalitarian systems of politics
It's not always possible. It works in some countries but not in others. For instance, it seems not possible in Russia.
> China, on the other hand, had not moved away from command economics at the time. Instead, the result was state capitalism. People were free to try new things that could create economic expansion, but only in a way that served the needs of the state.
I somewhat agree, as the sinomarxist theorem and strategem is about that (and the sinomarxists also managed to bring out many people out of poverty too), but your analysis is not entirely correct either as China has many superrich now, which is a perversion in the system. So Xi also lies here. Because how can there be so many super-superrich? This is a master-slave situation, just like in other capitalistic countries. So why then the lie about sinomarxism? They just sell it like an ideology now, not unlike the Juche crap in North Korea.
> seems not possible in Russia.
But Russia has never removed the Communists from power. It removed the Communist party, that's true. But plenty of the revolutionaries were themselves Communists; both Gorbachev and Yeltsin were very high-ranking Communists. They liked the idea of economic liberalization, but the political liberalization was only allowed as long as they stayed in power. I'm not sure Russia has seen even a single honest presidential election. The current "president" of Russia is a former KGB officer.
Calling Yeltsin a communist is bananas. He played a central role in collapsing the Soviet Union by pulling Russia out of the Union, without any democratic input from the people. He then privatized everything, sold it all to the oligarchs and outside American/European hedge funds, and gutted all of Russia's remaining social safety programs from the SU. Yeltsin would be considered the very definition of a neoliberal, and was considered a friend and ally of the United States, which is now something we try to whitewash.
The key thing for me here is that Yeltsin apparently falsified a lot of elections, including his own, to keep the right people in power. Economic liberalization (which had quite an effect) while holding the political reins tightly is very much like the Chinese communists acted during Deng Xiaoping's tenure. The Chinese managed to bring somehow wiser people to top though, it seems.
Yeltsin may have used Communists as a scare during his campaign. But today's Russia is in hands of a former Communist dictator, much like today's China is in the hands of a career-Communist dictator.
> The key thing for me here is that Yeltsin apparently falsified a lot of elections, including his own, to keep the right people in power.
No, he didn't. The 1996 elections were honest, with maybe slight irregularities in favor of his _opponent_. There is statistical analysis by a professional mathematician: https://www.electoral.graphics/en-us/Home/Articles/sergei-sh...
It _is_ correct to say that Yeltsin fought a very dirty campaign, using "dark cash" (the infamous "Xerox box") and unfair agreements with the major media owners.
> The key thing for me here is that Yeltsin apparently falsified a lot of elections, including his own, to keep the right people in power.
The US helped with that.
China hasn't become a Western capitalist democracy, but it has changed enormously for the better from the genocidal tyranny of the Mao era, and my guess is that it will keep changing.
One "first principles" way to think about it is that money is power, and as the Chinese middle class grows bigger and richer, it will have more and more of the power. I expect it will want similar things as the middle class in other countries.
This may take any number of decades, which unfortunately makes this a hard theory to falsify.
> it was thinking that investment in China would equal liberalization and democratic reforms
China now _is_ far more liberal than in the 80-s. But it's also not even close to the Western democracies.
> China, on the other hand, had not moved away from command economics at the time. Instead, the result was state capitalism.
Not really. "State capitalism" really is misleading. China is fiercely capitalistic, far more than any modern Western country. The ruling party has an unspoken agreement with the population: you stay out of politics, and they stay out of your business.
But I don't think this is sustainable. Russia had a similar social compact, and it had been broken after the Ukrainian invasion. There was too much power concentrated in one person, and it just never works.
> it was thinking that investment in China would equal liberalization and democratic reforms...
That's a rewriting of history and a common misconception I've seen repeated ad nauseam both on HN and (what I assume is it's origin) Reddit.
The West (primarily the US and then-West Germany) began investing in China in the 1970s to 1989 explicitly as a bulwark against the USSR [0] due to the Sino-Soviet Split. The "economic democratization" argument was a 1990s-era framing to reduce opposition to the PRC joining GATT/WTO [1] along with to reduce the sanctions enforced following the Tienanmen Square massacre [2].
George HW Bush as well as Clinton's NSC Asia Director Kenneth Lieberthal were both massive Chinaphiles, and played a major role in cementing the position China is in today.
[0] - https://news.ycombinator.com/item?id=46264332
[1] - https://www.nytimes.com/1994/12/20/opinion/IHT-america-needs...
[2] - https://www.nytimes.com/1993/07/14/opinion/forget-the-tianan...
> That's a rewriting of history
You both agree.
“The ‘economic democratization’ argument was a 1990s-era framing to reduce opposition to the PRC joining GATT/WTO” is what they’re talking about. American security analysts believed that making China richer would make it more like us.
Prior to that it was principally geostrategic. But prior to that, the argument was never made.
> American security analysts believed that making China richer would make it more like us
The NSC in the first Clinton admin and the HW admin was ambivalent-to-opposed to the "endogenous democratization" approach, as was seen with Clinton 1's decisions during the China Straits Crisis under Anthony Lake (who was canned in 1997) along with Bush 1's retrenchment of sanctions in response to the Tiananmen Square Massacre under Brent Scowcroft. Much of the shift happened in Clinton 2 due to personnel changes and a significant loss of political capital due to then ongoing controversies.
> But prior to that, the argument was never made
Yep. The "endogenous democratization" argument only arose in 1997 after Adam Przeworski and Fernando Limongi's paper "Modernization: Theories and Facts" was published back in 1997 [0].
[0] - https://www.semanticscholar.org/paper/Modernization%3A-Theor...
> Much of the shift happened in Clinton 2
That’s when the relevant argument was made and, by my reading, mistakes made per OP’s comments.
Nobody is criticizing Nixon splitting China from the USSR. The criticism is in trade liberalization and technology transfer following the 1990s.
Interesting point and pardon my naïveté but I’m curious, by “the west began investing” do you mean public sector investments? Or are you including people like jim rodgers long time China bull? I think private sector investment wouldn’t be done for anything other than profit. It seems like trade liberalism is an ideological thing that people seem to believe in above and beyond geopolitical concerns. Those who believe in trade liberalization (globalization) are sort of religious in their belief that it leads to liberalism in all spheres, not just the economic. I’m thinking of classic liberals, economists, Ayn Rand fanboys, etc.
> public sector investments
Both public and private. Read my first citation - I don't feel like relinking dozens of citations on 1970s-80s US-China relationship.
Tl;dr - the Carter and Reagan administrations both heavily invested in building the PRC's R&D, military, and industrial capacity through a mix of public-private investments primarily as a bulwark against the USSR along with US Army boots on the ground in Xinjiang.
I’ve read the first 4 of those links and they don’t point to financial investment per se. They do cover liberalization in the diplomatic sense, and sale (not purchase) of US military tech, all of which is obvious given their location and the time period (peak Cold War), but I am curious about specifically financial investment in China, which is what the parent was discussing. I mean we weren’t buying their planes or submarines or anything. We were cozying up to them because that’s what was demanded by the defensive realities of the Cold War. That seems like a different thing than investing in China in the sense of financial investment during the post Cold War period of the late 90s onward. Again, sorry if I’m asking stupid questions but you seem to have a lot of knowledge and I want to learn more myself.
I think that it's both a rewriting of history and a rationalization of the investment on some people's parts.
Nixon's opening of relations with China was definitely a move against the USSR, but that was nothing compared to the extent of investment that was seen after the fall of Communism in Europe. The fact that the CPC was still very much in charge while all of this investing was occurring had to be rationalized somehow in the minds of people who were less cynical, and "it'll help liberalization" was probably one of the rationalizations used. And in some ways, you can use investment as a way to leverage social changes within countries, and some people (though apparently not enough) thought that was the intention with China, but there was only a carrot, not a stick, and by the time there was a desire to use a stick, there was too much dependency on China as a market and producer for the West. That's where we're at now.
> but that was nothing compared to the extent of investment that was seen after the fall of Communism in Europe
Most of the capital investment and institution building that led to China Shock in the 2000s only happened due to the extreme degree of tech and capital transfer in the 1970s-80s, along with the visiting student program. Heck, Vietnam had a higher HDI [0] and GDP PPP per Capita [1] than the PRC until the early 2000s. The only difference was Vietnam was strictly in the Warsaw Bloc camp, and was negatively impacted by the collapse of the USSR, Czechoslovakia, and GDR while China was able to leverage ties with the US during that period.
[0] - https://countryeconomy.com/hdi?year=2005
[1] - https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2...
> While it is a human right to own property and use it to rationally pursue one's self-interests, that does not mean that capitalism in its current form is conducive to that for the greatest number of people, or to the evolution of other human rights in the societies in which capitalism is practiced.
I'd argue that communism is the only system of government that guarantees property for all. That's somewhat a core tenant that every member in a communist society collectively owns everything.
Capitalism is optimized to reduce or eliminate property access. For example, a free market capitalist has no problems with a very rich individual buying a city and perpetually renting the property to it's employees at rates above their salary, putting them in perpetual debt to that individual. They own nothing and can't escape their circumstances. Nor can their children.
Capitalism with minimal or no regulation naturally devolves into feudalism.
If the answer is "yes", you've just reinvented a communist dictatorship. If it's a "no", then such society will run out of food and goods, and something better will rise to replace it.
“Private property” in the socialist sense is property which is used for production (note that socialist countries - Laos, Vietnam, USSR before the destruction of socialism - typically have 80%+ rates of home ownership). Collective control of factories, land used for commodity & social (i.e. feeding people) production.
There are many writings that address this misconception. Communist Manifesto https://www.marxists.org/archive/marx/works/download/pdf/Man... provides a succinct response. You might also search for what class owns most of the property in the united states.
Communism doesn't entail owning nothing or being able to produce nothing. It often even has a concept of money to trade for goods and services.
So you could take your earnings, buy some yarn, knit your friend a scarf, and there's no real change in societies.
The difference is that you'd get your money from a state run industry. Your home would be guaranteed. And where you ultimately end up working would be based on your capabilities.
You are free to knit or whittle gifts for friends. What you wouldn't be free to do is setup "mopsi's scarf business" without working through the state. You wouldn't be allowed to take the earning from "mopsi's scarf business" and use them to become a landlord. You could gain social status and benefits by running the scarf business, but those would be limited (barring corruption).
When I say "a communist society collectively owns everything" I'm talking mainly businesses, land, housing.
A mistake that people often make about communism is thinking it means "Everything is free" or "nobody owns anything". That's more of a collectivist approach. Communism is mostly centered around providing minimum guarantees through public ownership.
I'd rather barter with others for the useful things they produce. My friend, for example, grows excellent tomatoes.
Over time, if we have many friends, we will live comfortable lives, while loners will wither away. Is this an acceptable outcome for you as the dictator of the Bestest Communist Paradise on Planet Earth (BCPPE), or will you do something about it?
> a core tenant that every member in a communist society collectively owns everything
Everyone owns the world oceans (“common heritage of humanity”). How is that going for its fisheries and sea bottoms.
Yeah man I don't think co-op fisheries are the problem here.
> don't think co-op fisheries are the problem here
Co-op fisheries are owned by the co-op. They aren’t a problem and regulate access.
Common heritage fisheries are trawled unregulated because when everyone owns something, nobody owns it.
For the communist model to work, the state has to own everything. Which in practice means apparatchiks control everything.
We could finally try finish the experiment Allende started before the CIA couped away a democratically elected president.
Do something like project Cybersyn [0], but give all decision making to a digital planning engine.
No humans, no apparatchiks.
[0] https://en.wikipedia.org/wiki/Project_Cybersyn
That's so naive. Economic central planning is a fool's errand. Regardless of how good the computers are, it can never work because it's impossible to gather accurate demand data. Only free market economics can ever work at scale over the long term.
That is nothing but an ideological statement without any evidence, one that is being disproven as we speak.
Free market economics haven't worked out great for the vast majority of people.
Go ahead, plan my Christmas Eve. What time I wake up, what time I leave the house, which routes I take, what things I buy. Assign the kWhs of electricity and liters of water and fuel that I'll use up, plan ingredients for my meals of the day.
The belief that a central "digital planning engine" could plan the lives of an entire society is an incredibly naive idea from early cybernetics. This doesn't work even in small thought experiments because of information limits. No central system can access all the local knowledge and constantly changing circumstances.
Communism as such has never existed and will never exist because it ignores human nature. Private property rights are a fundamental tenet of human psychology.
But hey, in defiance of 100+ years of failed attempts, if you want to see Politburos putting people in gulags again for being counterrevolutionaries . . . sure, give it another go.
Capitalism is the worst economic system that has ever been tried . . . except for all the others.
Anthropologically speaking these statements about human fundamentals (or "human nature") end up falling flat. There have been plenty of societies organized in ways such that private property was irrelevant when existing at all.
I suggest "Debt" from David Graeber for a great dissertation of this topic (which is not the core topic, but definitely touched).
All of this without considering that private property of means of production is different from private property in general.
True communism has of course existed and likely still exists, but it's limited to small self-selected communities, like monastic retreats.
Communism indeed is highly unlikely to works as a political state system, due to human nature.
For the record, I'm not a communist. I'd probably say my values are pretty close to socialist-capitalist. And that is a form of government that many nations have adopted and are successfully running.
What's been failing is neoliberalism. Every nation that's been moving in that direction has serious problems as their social safety nets have started to collapse.
> socialist-capitalist
What is this? Are the existing examples you mentioned considered examples of democratic socialism, or are you referring to something else?
No OP. But if it’s similar to what I believe in, it’s free-market capitalism for business (with provisions for market failure, e.g. antitrust and utility regulation), redistribution of wealth for individuals, strong individual investor and consumer rights, and the state providing the bare basics through the market (housing voucher, food voucher, public education or an education voucher, electricity voucher, water voucher, internet voucher, and public healthcare).
It doesn't sound all that similar on the surface to OP's response based on my initial read of both.
It seems like you're proposing a regulated free market in parallel with a highly regulated UBI?
> a regulated free market in parallel with a highly regulated UBI?
No UBI. Just basics for survival guaranteed. You should not starve if you can't find work. That doesn't mean we can support a non-working population at leisure. (Which, in our current model, occurs at both ends of the income spectrum.)
> No UBI. Just basics for survival guaranteed.
That's why I called it a "highly regulated UBI", which might not have been clear. You're proposing that all citizens receive the basics for survival in kind instead of the cash equivalent (which is how a UBI would work).
I think I prefer this model over what the OP ended up suggesting, but I'm not sure how feasible it would be in practice in the US.
> That doesn't mean we can support a non-working population at leisure.
Aren't the people who choose to live at a basic survival level living a life at leisure in your system?
> Aren't the people who choose to live at a basic survival level living a life at leisure in your system?
I suppose so, given they’re subsisting. It should not luxurious, however, and would probably carry with it a modicum of indignity. (Which is fine as long as they aren’t discriminated against.)
Basically this [1]
And for who's done it, basically every capitalist nation at this point.
Simply put it's recognizing that capitalism has failings but so does communism. It doesn't seek full state control of everything, just over industries where it's needed. It tries to strike a balance between public and private ownership.
Everything from Vietnam to the US have aspects of market socialism. I think that there are more industries where the US should take ownership, particularly industries that lend themselves to natural monopolies or oligopolies.
[1] https://en.wikipedia.org/wiki/Market_socialism
Thanks for the reply. I agree that regulating capitalism is necessary, but I also think the "where it's needed" portion of your thesis is a real sticking point.
I would be interested to know what industries you have in mind where the US should take ownership, and in what form.
It'll obviously be industry dependent.
A few that I'd see the need.
- Railroads - The lines themselves and the operation should be owned by the federal government. Private rail companies should buy access which pays for line expansion and maintenance. The US needs regulations on things like train length and line speeds (none of these super massive trains blocking roadways because they don't fit inside a rail yard).
- Medicine - Medicare for all, but honestly I think nationalizing major hospitals and pharmaceuticals would probably be warranted. It's in the national interest to fund a wide breadth of research and medicine production even if that medicine doesn't ultimately turn a profit. But even if we just did insurance, the US is already covering the most expensive pool of individuals with Medicare (old people) expanding it to all citizens wouldn't be that expensive. Reform to medicare would help (particularly removing Part C, that's just a slush fund for insurance companies, but then also expanding and simplifying the other parts).
Utilities ownership - Doesn't need to be nationalized, but having municipal or state ran utilities would, IMO, be preferable. The state utilities boards suck and putting in checks for utility companies. They aren't elected and are easy to corrupt. For example, my water utility was recently purchased by a company. In order to cover the loan they took out to purchase the previous water company, they raised rates (fat chance those go down). For telecommunications, I think a British telecom style system would work well. The government owns the lines while various telecommunication companies compete for service. That'd make it easier for more than just 2 companies providing internet service to a given location. Cellular networks practically already work like this, the big 3 own everything and sub-carriers just lease access. It'd be better if the government nationally owned cell service deployment. Especially in terms of spectrum usage.
- Food production - I don't really think government ownership is needed here, I think anti-trust and breakups are needed. These markets have consolidated to a huge extent which is really bad for everyone. Having just ~5 different national grocers is a bad thing. Having just a few mills (like general mills) is a bad thing.
- Chip fabrication - This should be owned by the government much like TSMC. And like TSMC, the likes of nvidia/intel/amd can buy a fab to do their runs. Fabs are just too crazy expensive and losing the competitive edge here is a security problem.
Basically, my view centers mostly around when an industry gets too consolidated. Especially when I think it's something that has critical importance to the general public. I could be open to more of these sorts of actions, it just depends on if an industry can be naturally competitive or not. Like, for example, I think a nationalized shoe manufacturing is a dumb idea as it's already a highly competitive market that could be easily broken up.
Hopefully that answers your question.
It does, thanks. I'm not sure how much I agree with your premise, but I'll think about it.
> Private property rights are a fundamental tenet of human psychology.
This is a weird religious belief. Property rights are an entirely unnatural construction. Under normal circumstances, you own exactly what you can defend, no more, no less. Property rights are a communal imposition to protect the weak from the strong, and are no more natural than any other socialist endeavor.
Safety-nets for big companies so they can't fail, shared ownership for rich shareholders. Dog-eat-dog market forces, rugged individualism and bootstraps for the poor. Don't you think it's weird that the things communist Americans want, are the things Wealthy Capitalist Americans get, while telling the poor "those things don't work"? Central Planning sounds like a stupid idea, but why are all the big companies planned from a central HQ if everyone agrees that local planning is better?
> "in defiance of 100+ years of failed attempts"
Just curious, there wasn't any interference from outside during these 'failures' was there? Any trade embargoes? Any military intervention? Any assassinations? Any deliberate destabilizing? Any puppet governments?
> "if you want to see Politburos putting people in gulags again for being counterrevolutionaries"
There's 1.3 - 1.9 million people in American prisons now. 4.9 million who have been in prison. 19 million with felony convictions. Prisons are for-profit, and prisoners are used for forced labour, either paid nothing or paid less than minimum wage. The US ICE is disappearing people off the streets. The US president is targeting people who criticize him accusing them of treason (punishable by death)[1], recently writing """Chuck Schumer said trip was ‘a total dud’, even though he knows it was a spectacular success. Words like that are almost treasonous!""".
Why is "Communism" the cause of gulags but "Capitalism" isn't the cause of mass incarceration, forced labour, and the government covering up how many people die while imprisoned? Why does this American "communism can't work, has never worked, and reminder Communism == mass graves" style comment always feel like a loud pledge of allegiance trying to make it clear to the powers that be that you aren't criticizing them, begging them not to disappear you? Are you not even allowed to entertain a different idea? To consider that even if any given Communism actually can't work and is crappy to live under, that what you're saying is more like a religious recital than something sensible?
[1] https://time.com/7290536/miles-taylor-president-trump-treaso...
Never give up speech.
The sinomarxist mono-party is kind of doing their powerplay here.
The interesting thing is that the "two systems, one state" claim was revealed to have been a lie. I can kind of understand the position of China too, mind you - after all there was a war against the UK empire and they forced ceding territory (e. g. Hong Kong). But that still does not nullify the local's people preferences, and Beijing simply bulldozered through by force here. That's the total antithesis to freedom. Xi will focus on Taiwan next - that is also clear. It is in the "DNA" of the sinomarxistic philosophy (though one can wonder how much marxism with chinese focus is still left; it's kind of capitalistic led by a dictatorship. Oddly enough the USA is also transitioning to this by the tech-bros oligarchs.)
We kind of see that freedoms are being eroded. I don't know if that was always the case, or whether it just happens now more rapidly so; or is reported more often, but in the late 1990s I would say we had more freedoms, globally, than right now. Somehow the trend is going towards less freedom. Putin invading Ukraine, occupying land and killing people there is also highly similar to the pretext of the second world war, with the invasion of the Sudetenland by Germany, and then the Gleiwitz lie to sell the invasion of Poland. I think the only real difference here is that more countries have nukes. And smaller countries are kind of put in a dilemma now, since they can not offset bigger countries without nukes.
>But that still does not nullify the local's people preferences,
One reason why Lai's fate has only limited impact is because it doesn't resonate that strongly with working people for whom Hong Kong isn't an example of upward prosperity. His rags to riches 'boomer optimism' appeals more to the Western audience than to someone who has lived in the stagnation of Hong Kong of the last few decades, where ambitious tech talent now migrates to the mainland.
Likewise on the mainland the youth is significantly less interested in emulating the West or old Hong Kong which to them is not a symbol of dynamism.
1Country2Systems is still in place, just the version that was always meant to be, not the lie western propaganda sold.
HK failed their half of 2System by not implementing national security law on their accord after 20 years of failures and it became obvious they were never going to do it out of own volition. Frankly if local preferences is to be under national security umbrella and be free to commit treason their preferences should be completely nullified because that's unserious position. Hence PRC, after UNREASONABLE patience had shove it down their throats under 1C mandate (1C supercedes 2S) - HK only ever had "high" degree of autonomy, not full autonomy. It was always in Beijing's prerogative to force HK to eat their vegetables, it just took 20 years of HK incompetence before Beijing ran of patience. AKA the 1C2S muh HK has full autonomy under Sino British declaration tier of retarded western propaganda fed to useful idiots was a lie and got dispelled.
That's a whole lots of words to say that the people of HK don't get any say in how their lives are run, and that it's justified to force them into a situation they don't want. That's a crock of shit, and I suspect you know it.
There is no or ever has been a national security issue in one of the safest cities in the world. You could leave it in the doldrums for 50 more years and it wouldn't make a difference.
On the other hand, has John Lee made any real progress regarding the entwinement of the political economy and real estate developers leading to the high housing prices or overcompetition? Not really. So it's just full throated authoritarianism with no benefit. Unlike the West, HK already enjoys efficiency and infrastructure on par if not superior to Tier 1 Chinese Cities, so any appeals to "order" are farcical when the city is already far more orderly than the mainland.
Leave it to Reason to pick out a billionaire as a martyr. Normally when I hear about free speech heroes, they've said something. Apparently, what Jimmy Lai stands against is the extension of China's "illiberalism" to Hong Kong.
What exactly is that supposed to be describing, and what is he against? If all he's against is the financial setup that allowed him to become as rich as he did, and the fact that he would have to deal with new masters as Hong Kong's colonial period was ended, why the hell should I care? What does Jimmy Lai stand for that China stands against that I should care about?
"Illiberalism."
Meanwhile, the EU just unpersoned a Swiss citizen, a writer, Jacques Baud*, for not taking the European side in the US-Russia conflict. Not for lying about it, but simply for not taking the European side. Not that Reason would support that, either, but China doesn't have any monopoly on "illiberalism," and illiberalism in the control of speech is far more important to me than the oppression of billionaires.
Lai's just getting Khodorkovsky'd: some of the rich think they're beyond government, when they operate purely through the blessing of and coddling by governments. You would think you would know that when all you do is accumulate and trade government promises in the form of currency, but the amount of praise you get as a disturbingly rich person must destroy brain function to some extent. There has got to be some atrophy in your sense of cause and effect and a distortion of your place in the world when you're on top in every room.
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* https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=OJ:...
> Jacques Baud, a former Swiss army colonel and strategic analyst, is a regular guest on pro-Russian television and radio programmes. He acts as a mouthpiece for pro-Russian propaganda and makes conspiracy theories, for example accusing Ukraine of orchestrating its own invasion in order to join NATO.
> Therefore, Jacques Baud is responsible for, implementing or supporting actions or policies attributable to the Government of the Russian Federation which undermine or threaten stability or security in a third country (Ukraine) by engaging in the use of information manipulation and interference.
[1] https://en.wikipedia.org/wiki/Firehose_of_falsehood
a capitalist is a martyr for capitalism when they knowingly break laws in the country they live in? i'm no fan of authoritarianism but come on. this article is such typical Reason dreck.
He's not being imprisoned for being a capitalist, engaging in capitalism, or anything of the like. This is a pretty lame take.
Doesn't martyrdom imply, um, death?
I don't care about the specific politics, and I don't know his biography. You can love this man and hate China with the power of every cell in your body. But calling anyone a martyr, even with poetic license, has very specific connotations which don't seem to apply here.
Not necessarily:
https://dictionary.cambridge.org/dictionary/english/martyr
> a person who suffers very much or is killed because of their religious or political beliefs, and is often admired because of it
https://www.merriam-webster.com/dictionary/martyr
> 2: a person who sacrifices something of great value and especially life itself for the sake of principle
Would you be you happier with "soon-to-be-martyr" or "martyr-in-the-making" ?
Snarkiness is not appreciated here. Well, at least officially.
No, that wouldn't make me happy. A world without suffering and oppression would make me happy, but failing that, lets at least try to use words appropriately.
He will likely die in prison, either from old age, poor conditions or shenanigans. He could have fled, but chose not to. Calling him a martyr isn't too much of a stretch.
>The dissident was convicted in Hong Kong earlier this week of two counts of conspiring to collude with foreign forces
>he also met with then–Vice President Mike Pence and Secretary of State Mike Pompeo; at trial, Lai testified that he had asked them to voice their support for Hong Kong.
Yeah, I don't think that's going to help convince anyone buddy.
Imagine if Jensen Huang started meeting Xi Jinping.
Nothing would happen to Mr. Huang, he's free to talk to anyone.
Too bad Mr. Lai was not
He wouldn't be meeting Xi, as it's not a state visit, but he did meet the Vice Premier, He Lifeng. Elon also met Li Qiang.
Headline seems overstated.
It seems accurate and unsensational here
I think perhaps we've lionized the term martyr to mean too many things, but his actions seem in line with the dictionary definition
From the article:
“He may be sentenced to die in prison in connection with his efforts promoting liberty in China.”
Martyr doesn’t sound like overstatement if that happens.
Jimmy Lai is more courageous and principled than anyone you've probably ever met in your life. He'll die in prison for his belief that speech should be free in Hong Kong.
Appeals to emotions won't get you anywhere. What else is next, "We NEED to reelect Trump to restore Christendom in the West!!!"?
It isn't an appeal to emotion. Jimmy Lai stood up for free speech in Hong Kong, factually and it paying with his life. I'm simply pointing out that you have probably never seen real courage or conviction in your life and aren't in a good position to judge Jimmy Lai.
Your whole posting history is just inflammatory claims that you rarely stand behind. I keep bumping into you doing this, it's a bad look.
This man will spend the rest of his (possibly short?) life in prison for the crime of publishing ideas that the government didn't like. He chose to stay in hong kong defending the principles that mattered to him instead of abandoning his principles and fleeing to the UK, which was on option entirely open to him.
Explain why you think it's overstated.
>he also met with then–Vice President Mike Pence and Secretary of State Mike Pompeo;
To sanctions HK politicians btw aka, comprador traitor gets the traitor treatment. Man should be in extraterritorial laogai in 247 stress positions but get kids treatment because CCP too lenient, and well they don't have those.
Reminds me of the recent Nobel "Peace" Prize winner, Corina Machado, who begged America and Israel to bomb her own country (Venezuela). If these people are supposed to be our heroes then I'll go with the villians.
It's a good thing that the anti-comprador discourse has find its way on this forum, too, out here in Eastern Europe they (the compradors, that is) occupy almost all positions of power, it's really tiring.
Back to the article, it only took me one click to find this info about its author [1]:
> Prior to his career in journalism, Binion worked as a contractor at NATO,
They're not even trying to hide it anymore, like in the good old days of the Paris Review.
[1] https://reason.com/people/billy-binion/