This is an oversimplification, adopting "capitalism" wholesale as a developing nation without guardrails is incredibly risky because foreign capital will just buy out or crush native industries. The way China actually succeeded was by adopting state capitalism and implementing incredibly strong protectionist measures to ensure domestic growth, not by opening the floodgates to a pure free market.
> Anyone who disagrees should consider why you’re on a venture capitalist website.
Not limiting yourself to an ideological bubble is actually a good thing, regardless of what website you're on.
> Anyone who disagrees should consider why you’re on a venture capitalist website.
Not limiting yourself to an ideological bubble is actually a good thing, regardless of what website you're on.