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Re: The Limits To Growth
Yuri Kuchinsky <bg364@torfree.net> wrote:
> Mike Asher (masher@tusc.net) wrote:
>
> : I understand your arguments though: It didn't work for the Soviets, or
the
> : East Germans, or the Chinese, or the North Koreans, or the Vietnamese,
or
> : Cuba, or the various African, Latin American, and European countries
now
> : implementing free-market reforms, but by god there is *somewhere* on
the
> : planet socialism will work!
>
> Socialism is working in China very nicely right now.
Yuri, have you ever been close to China? The areas that are doing well
are
Hong Kong (the most economically free spot on the planet)
Canton Province -- in the capitalist free zone.
Shanghai, which recently formed a stock market and other capitalistic
systems.
I've been to Canton Province...they have a chainlink fence around the
capitalist enclave, to keep the desperates in the socialist area outside
from overrrunning it.
The entire country is implementing (in small, painful steps) free market
reforms and is revitalizing in the process. Even The Immortal Seven
themselves attribute the growth to capitalistic reforms. Furthermore, many
economists have commented on the near-perfect inverse correlation between
economic success in China, and distance from Beijing, which maintains a
tighter control on areas near it.
And yes, I realize that Hong Kong is still not part of China, for a few
more months.
--
Mike Asher
masher@tusc.net
"The government's view of the economy could be summed up in a few short
phrases: If it moves, tax it. If it keeps moving, regulate it. And if it
stops moving, subsidize it."
-- Ronald Reagan
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