> There is a theme in the industries China does well in - western regulators ban cut-throat competition,
The problem is not regulation, it is the lack of it: anti-monopolist practices and deregulation of the finance industry has led us to insane bubbles, dead markets and extreme wealth concentration. Any competition gets bought, crushed, or undercut via bankrolling. This is what you get when the 0.0001% gets to pull the strings again. Must watch (3 parts): https://www.arte.tv/en/videos/103517-001-A/capitalism-in-ame...
The problem is not regulation, it is the lack of it: anti-monopolist practices and deregulation of the finance industry has led us to insane bubbles, dead markets and extreme wealth concentration. Any competition gets bought, crushed, or undercut via bankrolling. This is what you get when the 0.0001% gets to pull the strings again. Must watch (3 parts): https://www.arte.tv/en/videos/103517-001-A/capitalism-in-ame...