/i/2004637376.png?f=meta "Huawei CEO: our AI chip is faster than Nvidia A100 GPU in some tasks – Computer – News")
extremely capitalist country.
It says enough that our little finger knows nothing about China. China is as capitalist as the US (often much worse). Funny enough, Europe is more Socialist than the countries that claim to be Socialist.
Yes, there are social elements such as that you get the trip and oil if you have farming status at New Year’s, etc., and part of the medical costs are paid. But just like in the US, you get bills that would make you faint. To the point that many people would rather die than put their children in debt.
And when we talk about Capitalist, … family that is in debt (man gambled away 100K, idiot! Well, the whole family is in dire straits). Bank has seized expensive apartment. Ok…sell and then pay off the debt? But the bank won’t sell that (and the “ex” owners can’t sell), and the bank is still demanding interest. Aka, the gap keeps growing but you can’t sell the property. Nice system, crazy for words and ultra capitalist. .
But wait, debt? Well, you’re blacklisted and you can’t even take the train or plane. Government job? Noooo! Job that is indirectly related to the government. Noooo!
But wait, the typical “3 generations are punished” (if you know China, you know what that means), … Their Son works for the bank, there they discovered that his parent is in debt and is on the “heavy list” . His job… well, is technically a government job because banks = government. The debts of the parents are the debts of the children, literally! We are now waiting to see if he gets kicked outside or not.
Now that IS EXTREME CAPITALISM… If you want to make a statement like that, you need to know what you’re talking about.
