Comment by mrtksn
16 days ago
Right, China achieve all this thanks to its libertarian low touch low regulation small government and only if the stock prices of the American companies go a bit higher and the government is a tad less regulated they will do even better than the Chinese.
Not all regulation is bad, but also, not all regulation is good. Regulation is meaningless in a vacuum. I support more consumer protection regulation, but also, I support YIMBYism [0] which is a deregulatory model that wants to remove restrictions on housing, which were largely made by corporations and NIMBYs who don't want their property values to go down if new housing is built. YIMBYism is actually very similar to how Europe builds their housing, via mixed zone development.
It is the same with your comment, saying that it's only libertarians or those who want low regulation is a strawman, it depends on exactly which type of regulation. China can achieve some things with its big government ways, but it can't achieve everything. [0] https://en.wikipedia.org/wiki/YIMBY_movement