I could see both being true, as the past decade has seen a LOT of scams/fraud/embezzlement in China via real estate development for ghost cities. It would not be a stretch for the pandas to go from a PR grift of one sort to a funnel for a second grift.
No capitalist system could survive a true audit without exposing money going into the wrong hands. There’s always going to be people getting too much and people falling through the cracks.
The effects of China’s planning is that stuff that helps the working class happens more often. And that’s pretty neat when compared to state investment going into stock buybacks under finance capitalism.
I could see both being true, as the past decade has seen a LOT of scams/fraud/embezzlement in China via real estate development for ghost cities. It would not be a stretch for the pandas to go from a PR grift of one sort to a funnel for a second grift.
No capitalist system could survive a true audit without exposing money going into the wrong hands. There’s always going to be people getting too much and people falling through the cracks.
The effects of China’s planning is that stuff that helps the working class happens more often. And that’s pretty neat when compared to state investment going into stock buybacks under finance capitalism.