I don’t know about anyone else, but I’m paying a lot of attention to China. I find myself continually surprised at both the enormity of the horrible conditions that were once widespread but have now diminished substantially, to the enormity of what quasi-private capital investment is doing over there. It is truly astounding and I don’t think I’ve yet seen an estimate of the potential worldwide beneficial side-effects that even comes close.
Sure I’d love to see their political class put out to pasture (as I would over here) but it’s good that people aren’t still starving over there (where once 30 million people starved to death, China is now a net exporter of food). It’s good that China has allowed the organic development of thousands of millionaires over the last decade, millions of middle class, and allows the pursuit of tens of thousands of self-financed small entrepreneurial ventures every year.
Yea, it sucks that people ultimately have to get permission to produce values, but they increasingly think that over here, too. If I knew a way around it that didn’t involve tossing my potential away, I’d love to undertake it. The only way I know to deal with it is to continually strive to make it less burdensome. I do that by making more money and hiring more people to take care of all the crap. The goal is to reach escape velocity, such that the most burdensome it can practically get is as the almost inconsequential inconvenience and annoyance of a parking ticket today.