Now that the west finds itself in serious competition, the deficiencies of the model are becoming glaringly obvious. They spun up this whole narrative how free markets are the way to prosperity after USSR dissolved, and started peddling this model to developing countries in order for them to allow western companies to take over their resources.
However, when you actually look at how the west developed, it was also through massive state directed efforts because that’s the only way to actually develop efficiently. Seems like western leaders ended up drinking their own kool-aid and now we see hilarity unfold.
Now that the west finds itself in serious competition, the deficiencies of the model are becoming glaringly obvious. They spun up this whole narrative how free markets are the way to prosperity after USSR dissolved, and started peddling this model to developing countries in order for them to allow western companies to take over their resources.
However, when you actually look at how the west developed, it was also through massive state directed efforts because that’s the only way to actually develop efficiently. Seems like western leaders ended up drinking their own kool-aid and now we see hilarity unfold.