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this post was submitted on 27 Jul 2023
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There's no truly free market. Every country has some level of regulation. In the US, many people point to tax rates as the cause of (and solution to) inequality. I think they're correct but that's also really stretching the definition of "regulation".
Every government bigger than a village generally does this. Every politician talks up what they've done because they want to keep power. China should be proud of its accomplishments but I'm sorry, there's nothing unique or special to what you're saying here.
If there's a failure to follow through on campaign promises, it's because the legislation failed to pass but that's more about democracy than economics. I politely suggest we not go down that road in this thread :).