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On the topic of scaling (or more appropriately down-scaling) the Chinese model, I'd love to read some serious academic/scholarly papers about that. Like Western
by deehouie 7y ago
On the topic of scaling (or more appropriately down-scaling) the Chinese model, I'd love to read some serious academic/scholarly papers about that. Like Western capitalism currently in practice here (i mean US), the Chinese model certainly has its limitations. There is zero chance, I mean absolute zero probability that China could grow at 6+% forever. But the fact that a country of 1.2 billion population has emerged from dire poverty just some short 50 yrs ago into one of the most vibrant economies in the world is a fact that's truly inspiring.
This is one of those examples, as in predicting the stock market, where the majority opinion is always wrong.