ChinaTalk • 474 implied HN points • 21 Oct 24
- China looks to the lessons of the Soviet Union to understand its own economic strategies and potential risks. By studying the past, they hope to avoid similar pitfalls in governance.
- The distribution of resources in an economy is crucial for success. If too much is spent on heavy industry and not enough on consumer goods, it can lead to dissatisfaction and inefficiencies.
- Khrushchev's time saw a shift in the Soviet mentality from military competition to economic competition with the West. This idea of competing systems is still relevant today, especially in how China views its place in the world.