Capitalism fixed China. Trust is a big component of well-functioning capitalism. The cultural revolution killed trust. Therefore, I disagree.
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Replying to @thespandrell
But how do they do this capitalism thing without trust? For example, in Russia, there is a noticeable lack of trust (sound property rights protection mechanisms are also absent, more or less as in China, I guess) and capitalism is barely working.
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Replying to @ovchinnikov @thespandrell
There is some trust in china, just not as high as countries like the United States. Less trust is a big impediment to economic transactions, so things still work, but it's more difficult. Technology bridges the trust gap often. It makes easy to verify things faster.
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Replying to @thespandrell @ovchinnikov
There are significant other variables that you are not accounting for: 1. Chinese are smarter and harder working 2. China is better positioned to gain from a manufacturing-led development boom because of better ports and proximity to Japan, SK, TW, etc.
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Russia didn't have the "cultural revolution," but Stalin did kill an estimated 9 to 50 million people. That should satisfy your requirement that people understand that humanity is evil. Yet Russia lacks China's development. In short, your theory is interesting but wrong.
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I don't know the history as well as you do, so I won't comment. I know a guy in China who admitted that his grandmother committed cannibalism during the cultural revolution...never heard of stuff like that coming out of Russia. Unclear whether this motivates him to work hard.
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