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>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
by 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 agoIt 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.