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I guess you also deny this happened :D https://en.wikipedia.org/wiki/Great_Depression https://en.wikipedia.org/wiki/Great_Depression Also, china isn't liberal,

I guess you also deny this happened :D https://en.wikipedia.org/wiki/Great_Depression https://en.wikipedia.org/wiki/Great_Depression Also, china isn't liberal, that's why it does so well. They also don't have intellectual property.

ur-whale 3y ago
> They also don't have intellectual property. You say it like it's a bad thing? How quaint.
- bombolo 3y ago
  How quaint indeed that you delude yourself of establishing i said it as a bad thing.
ETH_start 3y ago
>china isn't liberal, that's why it does so well The point is, China's economic development massively accelerated once it massively moved toward the direction of market economies. They still have significant centralization, which is why they will likely reach a ceiling on their productivity, after which growth will be much more tepid, but the point stands.
- bombolo 3y ago
  > They still have significant centralization, which is why they will likely reach a ceiling on their productivity Which got them where they are, you mean. But you seem to want to promote liberal ideology regardless of merits.
  - ETH_start 3y ago
    It seems much more likely that they were benefiting from the catch up factor, as all the low-hanging fruit for raising productivity could be picked in the wake of a large scale roll back of communist restrictions that had been in place for 30 years.
ETH_start 3y ago
The Great Depression was solely the fault of centralization via the government, as the second half of my earlier comment explains: https://news.ycombinator.com/item?id=36796729 https://news.ycombinator.com/item?id=36796729
- bombolo 3y ago
  It might be surprising, but your own opinions aren't the same as facts.
  - ETH_start 3y ago
    I supported my claims with academic sources, and the authenticity of all of the policies I referenced can easily be verified if you search on it. The facts all undeniably point to the truth, which is that anti-free-market left-wing ideologues were responsible for the Great Depression.

ur-whale 3y ago

> They also don't have intellectual property. You say it like it's a bad thing? How quaint.

bombolo 3y ago
How quaint indeed that you delude yourself of establishing i said it as a bad thing.

ETH_start 3y ago

>china isn't liberal, that's why it does so well The point is, China's economic development massively accelerated once it massively moved toward the direction of market economies. They still have significant centralization, which is why they will likely reach a ceiling on their productivity, after which growth will be much more tepid, but the point stands.

bombolo 3y ago
> They still have significant centralization, which is why they will likely reach a ceiling on their productivity Which got them where they are, you mean. But you seem to want to promote liberal ideology regardless of merits.
- ETH_start 3y ago
  It seems much more likely that they were benefiting from the catch up factor, as all the low-hanging fruit for raising productivity could be picked in the wake of a large scale roll back of communist restrictions that had been in place for 30 years.

ETH_start 3y ago

The Great Depression was solely the fault of centralization via the government, as the second half of my earlier comment explains: https://news.ycombinator.com/item?id=36796729 https://news.ycombinator.com/item?id=36796729

bombolo 3y ago
It might be surprising, but your own opinions aren't the same as facts.
- ETH_start 3y ago
  I supported my claims with academic sources, and the authenticity of all of the policies I referenced can easily be verified if you search on it. The facts all undeniably point to the truth, which is that anti-free-market left-wing ideologues were responsible for the Great Depression.