September 21, 2021

WELL, HE’S GOT US THERE. “Early this year, when Facebook Inc. and Twitter Inc. took down former U.S. President Donald Trump’s accounts, Mr. Xi saw yet another sign America’s economic system was flawed—it let big business dictate what a political leader should do or say—officials familiar with his views said.” (Sorry it’s from a paywalled Journal story.) I’d call that a flaw in our political system – nobody has yet explained to me how anyone will believe we had a free and fair election if one candidate were to end up locked out of social media during the campaign – but it’s definitely a flaw.

As for the economic policy described here – “‘Xi does think he’s moving to a new kind of system that doesn’t exist anywhere in the world,’ said Barry Naughton, a China economy expert at the University of California, San Diego. ‘I call it a government-steered economy'” – I am pretty sure it did exist, and it was called national socialism. As with all command economies, it will ultimately flop.

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