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HOW CHINA IS DIFFERENT FORM THE AMERICA
In a powerful exchange with the late investigative journalist John Pilger, venture capitalist, political scientist, and author Eric X. Li offered a framing that cuts through decades of Cold War rhetoric about democracy, capitalism, and power.
Li draws a sharp distinction between political choice and policy power. In the United States, he argues, voters can rotate political parties endlessly, but the core policies rarely change. Why; because capital has captured the state. Billionaires, corporations, and financial interests shape policymaking regardless of who wins elections. Political authority, in practice, cannot discipline capital.
Today, this plays out in plain sight. From Donald Trump bringing figures like Elon Musk into government orbit, hosting tech billionaires at the White House, offering tax breaks to corporations, and openly aligning foreign policy with business interests; to Democrats doing the same through different language. Barack Obama’s decision to bail out Wall Street after the 2008 financial collapse, instead of holding bankers accountable, remains a defining example. Different parties; same beneficiaries. The system, Li argues, is structurally rigged in favour of the one percent.
China, by contrast, operates in reverse. The Communist Party is not electorally replaceable, but policies are. Over six decades, China has shifted from Maoist central planning to a market driven economy, lifted more than 800 million people out of poverty according to the World Bank, industrialised at historic speed, and repeatedly adjusted its development strategy. The party remained; the policies changed dramatically.
Crucially, Li rejects the idea that China is capitalist. Yes, markets exist; but capital does not sit above the state. Billionaires cannot capture the politburo or dictate national policy. Capital operates, but it does not rule.
Whether one agrees or not, Li’s argument poses a fundamental question; is democracy about how often you vote, or about who actually holds power; and who the system ultimately serves?
@VoxUmmah@venanalysis@qiaocollective@ProgIntl@KawsachunNews@OrinocoTribune@blkagendareport@SoberaniaPod
Solana remains the most usable, most talent-dense, and somehow the most underrated chain in existence
it also now has the fastest growing ETF in all markets
you don't get that combination many times in your life
trillions
@investanswers Your bias is very clear, I've been following you for years for your knowledge and investment and data driven but thinking of unfollowing you don't like black Americans why you all are so divided (right wing against left) when does it stop is it only by violence very sad outcome.
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Everyone bridges to solana.
Alright L2 nerds. If there is a 3 way bridge between base, solana and ethereum, where every state root has a full proof and all the remote chain txs ex-blobs are shared into its own local blobs, and has an exit escape hatch for censorship, which chain is the “real”L1?
It’s whichever one has exported the most of its coins into the remote chain. The remote chain will stay on the same fork as the bridged chain to prevent the bridged coins from going to zero and ruining in the local DeFi ecosystem.
🧿💥 $QNT Oosh! Digital Wealth Partners teams up with Anchorage Digital to offer institutional custody for QNT. Why it matters: QNT powers Overledger, bridging blockchains for banks & enterprises. With Oracle & SIA backing, this could cut transaction costs 30% (IEEE 2024) 🚀
🎉 Claimed my rewards from the LFG Campaign!
14,791.23 $SNS earned by building the SNS ecosystem 🚀
Outperformed 33.4% participants - proud to be part of @sns
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@SOLYD_STORE I actually ordered a case from you as well waiting for my tracking link. I saw you started shipping now amazing let's go, keep up with the Solana Summer😆