3 ms·
The US has had many generations of freee market economy with lots of both good and bad experiences. Still, the Great Depression and the Great Recession happened
by flexie 11y ago
The US has had many generations of freee market economy with lots of both good and bad experiences. Still, the Great Depression and the Great Recession happened.
I believe we have seen plenty of spectacular stock market crashes in the US as well.
- rrggrr 11y agoThe standard is not the absence of volatility, or black swan events. The standard is what steps are taken afterward. The US leads the world in financial transparency at the corporate and state levels. We have many mechanisms that imperfectly reinforce transparency and accountability. These are the lessons China must learn if prosperity and harmony are to be achieved.