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Directed government action in China led to 20-40 million people starving to death. Relaxing government control of the economy led China to an amazing economic b
by NoPiece 13y ago
Directed government action in China led to 20-40 million people starving to death. Relaxing government control of the economy led China to an amazing economic boom.
- rayiner 13y agoIts basically propaganda to claim that the current Chinese government doesn't strongly direct the economy. They've just gotten better at it, not micromanaging, letting pseudo-market means allocate capital at the micro level while focusing on long term objectives.