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China'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
by whatshisface 3y ago
China'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...