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I watched a video with Saul Levmore where he said that China was a bit of a mystery to economists, they have economic growth even though the market is far from
by pimmen 7y ago
I watched a video with Saul Levmore where he said that China was a bit of a mystery to economists, they have economic growth even though the market is far from as free as in the West. His guess was that since China is so big and local politicians want to advance you get a competition among all the cities and provinces where the local politicians try to show off their fancy hospitals, bridges, factories and such while trying to avoid something embarassing like an outbreak of disease or a huge unemployment rate.
If investigative journalists go however this competition to improve people’s lives would be less important and I think the competition over the favor of president Xi would become the route of choice to advance. That should hurt China’s economic prospects in the long run.
- nsajko 7y ago> Saul Levmore where he said that China was a bit of a mystery to economists, they have economic growth even though the market is far from as free as in the West Is it [0]? That Levmore guy (a professor of Law) seems to abuse his authoritative name to state hypotheses as facts (without references). Maybe whoever made the video from his speech is to blame. Nasty stuff either way. And the "have economic growth even though the market is far from as free as in the West" does not seem to feature in the video, presumably it is just a product of your misconcecptions, kind of like thinking that beautiful people are smart or well-intentioned. [0] https://www.youtube.com/watch?v=ZLPgosR9YhI https://www.youtube.com/watch?v=ZLPgosR9YhI