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That's the kind of thing western neoliberal economists used to say about China in the 1990s - it was only hurting itself with all this central planning, etc. an
by pydry 3y ago
That's the kind of thing western neoliberal economists used to say about China in the 1990s - it was only hurting itself with all this central planning, etc. and if it wanted to really grow it should go fully unplanned, release capital controls, instead of this hybrid central planning/capitalist system that theyve got.
They sort of seamlessly morphed from that to arguing about how its economic rise can be arrested by slapping tariffs, etc. on them.
- whatshisface 3y agoChina's growth appears to have halted at a below western standard of living primarily due to government intervention. I am not so sure the economists were wrong.
- pydry 3y agoChina's growth is stalling because the export oriented industrialization process it tapping out and because they've already reaped most of the demographic dividend. Can you think of another example of a country that did better by following the standard neoliberal washington consensus advice from the 70s/80s/90s? Chile and Russia are two examples that I can think of that followed western proscriptions at one point (70s/80s and 90s) but it didn't exactly work out well for either of them.
- klyrs 3y agoThe globe cannot sustain the entire chinese population at the western rate of consumption. Modern economists aren't known for their ability to think beyond next quarter's earnings.
- whatshisface 3y agoThe CCP's motivations for depressing their citizen's standard of living are not out of concern for mother earth...
- deleted 3y ago[deleted]
- psunavy03 3y agoWell there's also the whole "massive disrespect for human rights and running literal concentration camps for Muslims" thing.
- pydry 3y agoThat was supposed to be something that would stop happening when they developed too. The idea was that once they became rich they would liberalize and demand democracy and it would just happen. I think Thomas Friedman was the poster boy for that idea but he was far from the only one pushing it. It really is wild looking at predictions about what would happen in the 1990s and comparing it to what did actually happen. It's even wilder seeing people repeat similar predictions and forgetting when theyve been made before.
- whatshisface 3y agoAmerica offshores that.