Skip to content

Comment on Can China build its own ASML?parent

Comments

Means of production are created from human labor and natural resources. Money and debt are a good way to allocate those resources in a more or less "fair" way across time, and markets are a good way to allocate both resources, money and debt across places (that what they were created for at first).

But they are not the only way, you can go back to a more autarkical model for the rural population, or to a more directed economy like during WW2, or a mix of both. Also, if i want to be exact, i don't think China is totally capitalist yet anyway, you still have rural villages that does not allocate all resources through the market.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.