The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Jim McMannis who wrote (1708)	1/14/2019 3:19:15 AM
From: elmatador	of 13800

As the Chinese era ends, the Chinese are going to go get Taiwan, Hong Kong is doomed. The Chinese do not want political pluralism and the flexibility of the West's institutions to account to for wealth. They want to prove that corporate organization and mass production technology explain unparalleled wealth. Why I wrote that? I read this great book in 1987 HOW THE WEST GREW RICH NATHAN ROSENBERG & L.E. BIEDZELL, BASIC BOOKS, 1986. Part played by political institutions of Western Europe in its rise to wealth How did the West—Europe, Canada, and the United States—escape from immemorial poverty into sustained economic growth and material well-being when other societies remained trapped in an endless cycle of birth, hunger, hardship, and death? In this elegant synthesis of economic history, two scholars argue that it is the political pluralism and the flexibility of the West's institutions—not corporate organization and mass production technology—that explain its unparalleled wealth. China will not succeed, (as the USSR and many other countries) is trying to prove that corporate organization and mass production technology is what make a country rich.

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