Racket, PhD wrote:
This whole ordeal will be remembered as China's Chernobyl - except this time they managed to not only fvck up themselves, but also the entire world.
They have one vaccine right now with like, what, 50% efficacy? Meanwhile USA stomping through with 3 vaccines.
And now we're starting to see the limitation of autocratic rule. Ant Group's valuation was cut in half overnight and Xi wants to regulate the power out of their big cash money making businesses since those CEOs and executives have certain amounts of political and monetary power
It's true that China could be the next India, COVID-wise.
Although more likely if China thinks COVID is spreading quickly, it would lock everyone up in the their apartments. India can't do that.
The regulatory issues are also a problem but not a major one, I think. Anti-trust existed in the US for a while too...somehow we managed to do well despite its arbitrariness.