4min chapter

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#303 – Steve Keen: Marxism, Capitalism, and Economics

Lex Fridman Podcast

CHAPTER

How Does China Survive as a Society?

In some ways China is more likely to survive as a society going into the future than Western capitalist societies are. They got away from central control, but they still manage central political control but diversified economic control. Deng Xiaoping was the characterizing that little saying that I don't care whether you have a black cat or a white cat, as long as it catches mice. And there's a huge amount of innovation taking place in China today.

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