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China grew tremendously by using domestic controls to suppress wages WRT the foreign markets with which it was competing. What makes anyone think the approach
by pasbesoin 9y ago
China grew tremendously by using domestic controls to suppress wages WRT the foreign markets with which it was competing.
What makes anyone think the approach will be any different, in transitioning the current structural changes? Big pressures, but they've also had a couple of decades to greatly increase the tools they have with which to control and navigate this.
Plus, the "leader of democracy" -- the U.S. -- has a leadership that is demonstrating its moral bankruptcy with respect to practicing what it preaches.
- woodandsteel 9y agoThe Chinese government tells us that its people support it 100%, but it continually acts like it is scared to death they are going to revolt.