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Cake day: February 20th, 2024

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  • You’re absolutely correct on the US topic, but one comment on the Chinese side: China does suffer from an excess of export focused production. Their excess of production capacity is artificial (created by Goverent investment) and has resulted in the need for continued Government cash injections.

    The Chinese government investment injection has resulted in significant leads in at least two international markets (EV, and solar panels perhaps batteries by volume.) The cost has been a parge amount for waste and loss of public money (there were a lot of of losses in their recent tech/chip investment for example.)

    These losses came at a hard time when the general popilation was suffering from significant equity loss, mainly real estate. There is an argument to make that trying to spur the domestic market would be better than investing in overcapacity.




  • Free press doesn’t refer to the business model for the press organizations. Free press means that press organizations are not prevented from reporting topics, like the government. Yes, there are plenty of garbage oligarchic press organizations in countries like the US, England, Europe etc, but they have also many truely useful organizations such as community press, school press (university) and expert groups (like scientific organizations)

    State press in authoritarian countries function the same as capitalist press in capitalist countries, because the capitalists control the state in the capitalist parts of the world.

    What is important is that censorship from the state/money doesn’t limit the press from informing the population - because transparency is how you fight corruption and incompetence, regardless of the nature of the state.