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Politics : Politics for Pros- moderated

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To: neolib who wrote (127974)	7/29/2005 2:09:40 AM
From: TimF	Read Replies (1) of 793903

Perhaps you could point to some other country with anywhere near their track record of the last few decades? Just looking at the data, one would be forced to conclude that the Chinese version of "planned" economies are superior to more free-market ones. The Chinese have done a decent job at generating a sufficiently educated and skilled workforce. There growth was kept down by the heavy hand of the state. Lessen the weight of that hand and a high rate of growth is hardly unexpected. There society has been changing in ways that make it more productive on a scale that comes close to the level of change that we went through in the industrial revolution (and we had pretty high growth then). The question is how long can this kind of growth be maintained. I don't think it can be maintained at this rate for several more decades. I don't think it makes sense to take the current growth rates, project them out for decades and than say "at year X China will be the largest economy in the world". Tim

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