@nntaleb Perhaps comparatively than absolutely: the comparative advantage of freedom enjoyed by smaller entities/individuals over larger SOE is larger in China than in France, but not in absolute terms. Hence exports from china following comp adv as well as emigration following abs adv.
@nntaleb Laissez faire to the extent that they don't challenge the authority or annoy someone in power. Small entities are not at liberty to break into areas monopolized by the State or local government, or the family of village party branch secretary.
THREAD: If you think Putin was primarily worried about NATO expansion, then it makes no sense for him to have invaded Ukraine. This is not me talking. This is precisely what the premier "it's all about NATO" analyst John Mearsheimer said on February 15, 2022. Here is the video:
@dwarkesh_sp I don't think there are China's equivalent of Scott Alexander et al., but some that I follow: @ruanyf: https://t.co/qaI5ineln3
元非: https://t.co/Zf0k2hF10r