Marv Gandall wrote: > Below an article from the latest Economist which, even if inadvertently, > refutes two misconceptions about China: > > a) The right-wing myth that a large state sector is economically > inefficient. If China recovers from the global downturn faster than the US, > as the Economist suggests it will, it will be primarily owing to continuing > public ownership of the commanding heights of the economy - to "the > government’s ability to 'ask' state-owned firms to spend and state banks to > lend (which) means that the government’s measures are being implemented more > rapidly than elsewhere...". > > This is a legacy of the Chinese Revolution,
the Chinese state was pretty large before the revolution, wasn't it? I think that was true under the Manchus and under the Nationalists. The latter were no free-marketeers? -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
