Tuesday 18 December 2018

An Irony — Economic Suicides Worry About Economic Progress in China

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My comment:

I tend to agree with you, cheepcheepcopy: the Soviet Union (especially in the 1950s) does not strike me as comparable to China as the latter has been developing over the past 20 years. Emphasising the Keynesian elements in Chinese economic policies explains an important difference compared to the inward-looking SU whose leadership hardly contemplated anything seriously transcending the crude command economy that made the country conform to the formula Burkina Faso + A-bomb, let alone serious implementation of an alternative economic system. 
I am not sure whether China will be able - in the long run - to take advantage of the degenerate state of the West where a new caste of priests (Greens of the regressive left) have managed to convince large sections of the population of "ecological dangers" that do not exist, while their purported prevention destroys the wealth of our nations. 
I find it ironic for people to worry about China's economic future while supporting the economic suicide of the West. 

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