China made it due to a unique model
1. China did not slavishly follow the West's economic models, nor did it fall into the trap of neoliberalism
2. The State in China focused steadily on (i) mass citizen welfare, (ii) not allowing capitalists to capture the State, and (iii) building a sui generis economic system
3. China turned capitalism into a weapon to achieve happy socialistic outcomes, and didn't become a victim of it (hence the no. of large financial scams in China is 0, and Chinese stock markets are not on fire generally)
4. India, today, torn between the right and left, and confused about future economic direction, must remember that "India cannot be China, India cannot be the West, and India has to build its own model with mass welfare as the goal".
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As of now, the Indian State is significantly captured by crony capitalists. Deep strategic thinking and rebooting is essential, to ensure we have a good future in coming decades. Nothing is guaranteed, nothing comes as a right.
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#China #US #India #economicmodels
#capitalism #neoliberalism #socialism