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Dominic Cummings: Vote Leave, Brexit, COVID, and No. 10 with Boris — #28

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Russia and China - The Same Situation, Same Expectations

The same conditions prevailed in China when they first opened up their economy. There was very low trust and everybody was focused on just making a quick buck. And I think there's also huge naivety both amongst Western politicians and also a whole set of kind of economic advisors from Western institutions who went over there and made a lot of money themselves personally on and fires your privatization. But without really understanding the culture and without understanding the realities on the ground, the privatization wasn't going to be something like the privatization of British Castle, British Airways. It was essentially just a bunch of insiders stealing things and giving it to their friends with a bunch of some investment Western companies getting a cut out of it.

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