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>>My feeling is business people and economists are upset that China utterly refuses to follow neoliberal economic polices. >>Typically countries that try to fo
by CryptoPunk 8y ago
>>My feeling is business people and economists are upset that China utterly refuses to follow neoliberal economic polices.
>>Typically countries that try to follow Keynesian economic policies get hammered by western central banks and monetary institutions.
This is a common trope/conspiracy-theory that's not substantiated by the numbers. Western countries don't follow neo-liberal economic policy, unless you consider an increasingly powerful and unaccountable regulatory state, growing social welfare spending provided at the taxpayer's expense, and interventionist central bank policy, to the tune of the Federal Reserve holding $4.5 trillion in assets now, "neoliberal".
By any broad-based metric of economic freedom, the West has been growing less economically liberal over the last 50 years.