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People just have trouble understanding the complexity of China, and assume nothing they say can be true. It has a lot of problems, but progress and ability to make money isn’t one.
If for example, BYD makes a car that's substantially similar between the China and Europe versions, and sells said car for $15k eqv RMB in China, but $30k in the EU, it makes double the revenue for the same 'value'. Even the argument of the EU being generally richer, and thus the car having higher monetary utility doesnt hold - a well-paid EU surgeon wont pay more for it than your average office worker.
So I feel money is increasingly a poor proxy for actual value/wealth etc.
The point of tender is to represent value.
Your water in the desert costing 100 times what it costs where it rains is meant to represent its scarcity here vs over there.
Take cuban dollars vs normal dollar. In there the two tenders aren't proxy for value. Proxy for a political control so that the wealthy visitor pays 10 times, for the same bottle of water on the same shelf.
It's entirely reasonable to expect logistical costs to inflate the price of a good, so the price should reflect the market equilibrium value of the service of bringing water into the middle of the desert, not the good.
Of those, you’ll see that only transport costs are a function of “capitalism” the rest is government.
But I didn't want to get heavily into cars - its a clear and omnipresent feature of modern economics that things cost different amount of money between economic blocks in ways that's not explainiable by the fundamental cost of goods and services rendered. And not only economic blocks - prices of existing concrete (like an apartment that is just there, and been there) goods can increase wildly over time - which in industrial terms would mean society getting less efficient.
I think it's an important thing to discuss, considering the current system's mandate to lead is based entirely around its ability to bring prosperity to the people.
If it's objectively outperformed by other systems, perhaps the system has to at least face the pressure change or be replaced.
