4 ms·
Thing is that China is nearing point where it has to let creative destruction happen to grow more and it is very hard to achieve under current model.
by atupis 7y ago
Thing is that China is nearing point where it has to let creative destruction happen to grow more and it is very hard to achieve under current model.
- philipov 7y agoCitation please
- atupis 7y agohttps://www.nytimes.com/2012/04/01/opinion/sunday/friedman-why-nations-fail.html https://www.nytimes.com/2012/04/01/opinion/sunday/friedman-w... and particulary last chapter of Why Nations Fail.
- intopieces 7y agoCould you elaborate more on what this means? What is creative destruction? Why is it necessary for China’s growth, and why is now the point for it?
- mr_overalls 7y agoWhen "creative destruction" is used as a euphemism for change, it encourages us to forget that "destructive destruction" is always a potential outcome. See: the Great Leap Forward