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

To: neolib who wrote (128272)	7/29/2005 10:29:47 AM
From: Constant Reader	Read Replies (1) \| Respond to of 793908

Hasn't most of the growth in China actually come as a result of allowing decentralized decision-making by regional authorities?

To: neolib who wrote (128272)	7/29/2005 10:52:18 AM
From: DMaA	Read Replies (1) \| Respond to of 793908

The Chinese system is a dismal failure for the bulk of its citizens. But transitioning from a planned economy to a freer one is a non-trivial task. It's not as easy as throwing a switch. If what we are watching is the Chinese method to make the transition to a relatively free market system, I applaud their creativity and look forward to watching them reap the benefits as the transition proceeds. If this is as far as the elites are willing to take it, I'm with the crowd that expects to see a spectacular fizzle and social instability. I am rooting for them to succeed.