> Nepotic economies do well in copying what worked for others because the few nephews of the top party officials provide enough of a talent pool for that, but innovation by its nature requires a talent dragnet across the entire country (YC).
China runs a very large free market economy. The government only steps in when a company grows large, and mandate certain amount of state control. And we all know for sure that companies worth the notice of a national government probably should be placed under some control, instead of letting them blindly chasing the profit. And at that stage, their innovative prowess probably is also dragged down by enormous internal beauracracy that the intervention actually can help them focus on long-term technical investment (thinking about the flops of the big corps, the wasted investment by IBM on what they called AI...)
Thinking about Google, they are even seriously considering bending over to CCP to enter Chinese market. Imagine Google were under CCP control, anyone who dare to speak of such idea will be punished immediately. (Not to say CCP is better in any way)
If you have a free market economy with a size of 5-6 trillions of dollar, then you can have top-tier innovation all the time. And CCP feels pretty safe as long as it controls another 10 trillions+ market...
See, that's the economy of scale.
That's why ambitious people dream of scale, and smart people instead of value freedom. When combined, the one with ambition provides the scale to tolerate the freedom of the smart. That's how China works today.
Of cuz, Xi dreams of world domination. Precisely because he dreams of world domination, he can act absolutely like a open-minded market economy advocate: there is plenty of space under his control, where anyone, ambitious or smart, will have enough space for their personal satisfaction.
Dictators were born out of lack of imagination. Trump is not enlightened to see the possibility of his power, so he inevitably behave like a dictator, but not actually able to because of the US system.
True dictator like Xi, see the possibility, and is willing to behave like appropriate for the goal of ultimate domination.
China runs a very large free market economy. The government only steps in when a company grows large, and mandate certain amount of state control. And we all know for sure that companies worth the notice of a national government probably should be placed under some control, instead of letting them blindly chasing the profit. And at that stage, their innovative prowess probably is also dragged down by enormous internal beauracracy that the intervention actually can help them focus on long-term technical investment (thinking about the flops of the big corps, the wasted investment by IBM on what they called AI...)
Thinking about Google, they are even seriously considering bending over to CCP to enter Chinese market. Imagine Google were under CCP control, anyone who dare to speak of such idea will be punished immediately. (Not to say CCP is better in any way)
If you have a free market economy with a size of 5-6 trillions of dollar, then you can have top-tier innovation all the time. And CCP feels pretty safe as long as it controls another 10 trillions+ market...
See, that's the economy of scale.
That's why ambitious people dream of scale, and smart people instead of value freedom. When combined, the one with ambition provides the scale to tolerate the freedom of the smart. That's how China works today.
Of cuz, Xi dreams of world domination. Precisely because he dreams of world domination, he can act absolutely like a open-minded market economy advocate: there is plenty of space under his control, where anyone, ambitious or smart, will have enough space for their personal satisfaction.
Dictators were born out of lack of imagination. Trump is not enlightened to see the possibility of his power, so he inevitably behave like a dictator, but not actually able to because of the US system.
True dictator like Xi, see the possibility, and is willing to behave like appropriate for the goal of ultimate domination.