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China Fact of the Day
Ah, this is good to see. China's "communist" rulers oppose price controls.
Posted by Alex Tabarrok on July 16, 2007 at 01:00 PM in Economics | Permalink
Comments
Bad to see and not good to see.Long live democratic socialism.
Posted by: ponmel at Jul 16, 2007 1:40:18 PM
Bad to see and not good to see.Long live democratic socialism.
Posted by: ponmel at Jul 16, 2007 1:40:52 PM
Bad to see and not good to see.Long live democratic socialism.
Posted by: ponmel at Jul 16, 2007 1:41:23 PM
Ha, good one! On a similar note, the manufacturing guys at Evolving Excellence have been analyzing a bunch of posts by Bunnie Huang on Chinese factories. Some pretty wild stuff, including how one monster factory needs 3,000 pigs a DAY to feed its workers.
http://www.evolvingexcellence.com/blog/2007/07/globalization-a.html
Ken
Posted by: Ken at Jul 16, 2007 4:43:04 PM
Rather than admit China's commie economy is kickin' America's capitalist economy's butt...just label the commies "capitalists?"
Dogma saved...
Posted by: a at Jul 16, 2007 4:59:42 PM
Authoritarian governments can work quite well but they are vulnerable.
Posted by: Paul N at Jul 16, 2007 7:28:00 PM
a, Alex's post shows Chinese authorities rejecting price controls, and does not explicitly call them "capitalists". Perhaps a more relevant comparison than "communist" China and "capitalist" America would be Hong Kong (when it was under British authority) to other coastal Chinese cities.
Paul N: Vulnerable to what? Do you think Singapore and Dubai are headed for disaster or something?
Posted by: TGGP at Jul 16, 2007 8:04:12 PM
a,
China GDP per capita (2006 from CIA world factbook)- $7,700
USA GDP per capita - $44,000
Not to mention that we're talking about peoples lives, not a game of soccer where one team "kicks" the others "butt".
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