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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (127974)	7/27/2005 4:34:32 PM
From: DMaA	Read Replies (1) \| Respond to of 793903

How about post war Germany? Message 21545522

To: neolib who wrote (127974)	7/27/2005 5:19:30 PM
From: greenspirit	Read Replies (1) \| Respond to of 793903

Every market economy does "planning". The major difference is a democratic free market economy does government planning via people who were elected, in the open, under a relatively free press, where disagreement, dissent and compromise exist. Businesses, which are the engine of the free market system, plan constantly or they will eventually fail to meet the needs of the customer. In the Chinese model we can assume some disagreement takes place behind closed doors, but that's about it. No free press, no free dissent, no free dialogue and no free elections. I know which society I prefer.

To: neolib who wrote (127974)	7/27/2005 8:24:24 PM
From: D. Long	Read Replies (1) \| Respond to of 793903

Perhaps you could point to some other country with anywhere near their track record of the last few decades? Most of that growth is 1. pulling China up from middle ages infrastructure, 2. low-wage industrialization. Problem is, the State can't keep dumping billions into infrastructure. And it is a mistake to believe that Chinese workers will rest on their laurels and be content with what they have. Once they reach a level of material affluence, they will start demanding higher wages and better jobs. There are signs the latter has already begun. China's economy isn't a static fact that you can just extropolate growth out to 2050. Derek

To: neolib who wrote (127974)	7/29/2005 2:09:40 AM
From: TimF	Read Replies (1) \| Respond to 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