“If we want more growth, we need to allow creative destruction so new companies can deliver the productivity we need.”
Octopus energy ceo greg jackson
“If we want more growth, we need to allow creative destruction so new companies can deliver the productivity we need.”
Octopus energy ceo greg jackson
Correct, literally the more power capital has, the less power the people have. This isn’t just power within the government, since any power the capitalists are allowed to exercise is an extension of the government enabling it.
China does get some utility from the capitalist class; their national bourgeoisie, who can be controlled somewhat, has helped develop the means of production without totally selling out to foreign bourgeoisie, who can’t be controlled at all. One of the stars on the Chinese flag is for the national bourgeoisie.
It remains to be seen whether they were right or this turns out to be some class collaborationist horseshit.