this post was submitted on 06 Oct 2024
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I disagree with your last point. A lot of companies should have sunk in covid and been consumed by more prepared ones. The governments didn’t want it to happen and they proved we actually live in a social net capitalist economy. This way if rich people accidentally lose we can remember socialism exists for them alone.
either way, mass company failure due to covid doesn't imply anything about the split of china's economy going forward