Are boom/bust cycles unique to capitalism? China is going through a pretty big b... | Hacker News

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		gameman144 on March 18, 2024 \| parent \| context \| favorite \| on: Why are there suddenly so many car washes? Are boom/bust cycles unique to capitalism? China is going through a pretty big bust and is hardly a capitalist role model.

paulryanrogers on March 18, 2024 [–]

Is China not a capitalist country? It does not appear to be a heavily planned economy, at least not in the past few decades.

oreally on March 18, 2024 | [–]

Yes it is ever since it opened up, granting some exceptions to inwardness, recent bits of geopolitics and socialist moves.

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