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Well it has been proven over and over, government managed economies are not a good idea. You can hide problems longer by working the numbers but eventually it c
by Shivetya 11y ago
Well it has been proven over and over, government managed economies are not a good idea. You can hide problems longer by working the numbers but eventually it catches up with them.
China likely has earned itself a buffer because of its growth and development of many good businesses but the danger is all the propped up businesses that are state owned or owned by cronies
- TheOtherHobbes 11y agoWhich is nothing like the US, where Congress and the Senate are giant pork distribution machines? There hasn't been a single period anywhere in the world in the last few centuries where markets haven't imploded cyclically. In this, China is just aping business-as-usual on Wall St.