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re: The China economic miracle
Posted on 8/18/09 at 1:21 pm to Seminole
Posted on 8/18/09 at 1:21 pm to Seminole
they have a totalitarian system, so if banks ran "roughshod" over the people then the government would send in the military, arrest everyone there and close the bank
and since the government owns everything they can say whatever they want to say about economic growth. They could say their growth is 800% instead of 8% and who can challenge them?
and since the government owns everything they can say whatever they want to say about economic growth. They could say their growth is 800% instead of 8% and who can challenge them?
3
Posted on 8/18/09 at 1:22 pm to supatigah
China is far and away more of a Capitalist country than we are...
Posted on 8/18/09 at 1:26 pm to supatigah
quote:This.
nd since the government owns everything they can say whatever they want to say about economic growth. They could say their growth is 800% instead of 8% and who can challenge them?
Posted on 8/18/09 at 2:11 pm to supatigah
quote:
and since the government owns everything they can say whatever they want to say about economic growth. They could say their growth is 800% instead of 8% and who can challenge them?
Bada Bing!
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