There's no point denying that, certainly in the developed world, there's been a rise in consumer capitalism, that's just a truism, but thrift hasn't declined.
To some it represents a new model of state capitalism: “a Beijing consensus” to rival the “Washington consensus” first identified by John Williamson of the Peterson Institute for International Economics.
This has been a massive theme of the entire administration thus far of it, dabbling in the private sector, playing state capitalism, as we like to call it.
Ethiopian leaders instead believed that an activist state was required in order to marshal the development of capitalism and raise productivity, as it had in parts of East Asia.