And since the oil and gas companies in China are nationalized, they will follow along with the government's plans rather than obstruct or bribe their way as with for-profit private oil and gas companies in many western countries.

[–] bdonvr@thelemmy.club 20 points 10 months ago (1 children)

Woah hold the phone, you're telling me there's a way to build society OTHER than by explicitly rewarding greed and exploitation‽

[–] PanArab@lemmy.ml 6 points 10 months ago

It is a similar story in Saudi Arabia and many Arab countries. The oil and gas is nationally owned, and the revenues are being used to finance a massive welfare state as well as the transition away from fossil fuels.