Despite what Western propaganda would have you believe, China actually embraces market capitalism far more than the United States. In other words, China isn’t communist. Or if it is, it’s doing a damn good job at redefining it.
The anti-China narrative is aggressively pushed in the West, making it a tough nut to crack. Talk to just about anyone, and they’ll parrot how awful China is, how totalitarian it is, how heavily surveilled the Chinese are—all despite never having set foot there.
An American economist who moved to China, going by the name Scott in China, cuts through the noise in a great Substack called Austrian China, where he and others present a more nuanced and realistic view of the country.
It’s strange how Westerners outright refuse to break free from their anti-China indoctrination.
In short, China is neither a technocratic dystopia nor an authoritarian hellhole; it’s a country like any other, with its own pros and cons. This is an important red pill because even I had the wrong perception of China.
⚠️ And I really shouldn’t have to say this, but I’m not paid by Chinese interests. My only goal is to figure out what is true.
Debunking myths
Scott in China debunked a few myths and misconceptions, using actual data. For example, China’s economy is actually more capitalist than the United States, with the private sector and foreign businesses controlling 75% of the market.
Most people will dismiss this with any excuse they can find because they’re brainwashed and stubbornly clinging to their anti-China propaganda.
Scott in China reiterated that the idea of China as a strictly communist state is just wrong. The country has a thriving market economy with strong property rights and limited government interference.
In reality, China’s economy is becoming more liberalised and market-driven, debunking myths about its centrally managed system and harsh social credit practices. China has even surpassed the US as the world’s largest recipient of foreign direct investment, showing just how capitalist it really is.
As an aside, yes, China has censorship, but so does the West. After all, my podcast was banned from YouTube, Spotify, and Facebook, all of which are American companies.
Conversation
Listen and be open to having your paradigm shifted.
Consider the following.
Communism has a history of economic failure. So how is it possible that a communist country is on the verge of becoming the world’s most powerful economy?
Simple: China is not communist.
China is a sleeping giant. Let her sleep, for when she wakes she will move the world.
Napoleon Bonaparte
