3 ms·
> America enacted a trade embargo for ~20 years and tried to hamstring their economy through agencies like the IMF Maybe you're right, I'm definitely not an ex
by dilap 6y ago
> America enacted a trade embargo for ~20 years and tried to hamstring their economy through agencies like the IMF
Maybe you're right, I'm definitely not an expert on the history. How impactful was that?
The impression I got from conversations I had when I visited Vietnam years ago is that it was a domestic-led reform, in response to the centrally-planned, non-ownership, non-market economy not working out.
> Vietnam's reforms are to create the materialist basis for Communism
That's the hype, but what does that really mean if in practice you've changed to a market economy?