my fav bit was when they complain how capitalist markets can't compete with central planning 🎻
In the process, the West has been abandoning its commitment to a bottom-up, market-based approach to setting technical standards. “We are being forced to undermine a system that has been very effective and that we have profited from for a long time,” laments Mr Rühlig. In more ways than one, China is making the West play by its rules.
I'm not even going to bother to read an Econmist article, I'd wager there's some brainworms in there
my fav bit was when they complain how capitalist markets can't compete with central planning 🎻
If your system is so effective, then why is it unable to compete?
hey, it's effective at lining the pockets of the oligarchs :)