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Western economists doubted that innovation could take place under China’s rigid bureaucracy. They were proved wrong. Western economists, politicians, and citiz
by WillPostForFood 8y ago
Western economists doubted that innovation could take place under China’s rigid bureaucracy. They were proved wrong.
Western economists, politicians, and citizens are having a hard time realizing that the bigger rigid bureaucracy is in the west. Whether you are trying to develop housing in the bay area, or set up a new factory, or build mass transit, the bureaucracy tax of time and dollars is our biggest handicap. Things end up costing too much, taking to long, and being inferior.
California passed the high speed rail proposition ten years ago in 2008, we have spent billions, and have zero working miles of rail complete. Since 2008, China has built 15,500 miles of high speed rail.