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


To: didjuneau who wrote (760208)3/26/2022 2:17:44 PM
From: skinowski1 Recommendation

Recommended By
lightshipsailor

  Read Replies (1) | Respond to of 793670
 
Since Adam Smith we know the basics of what is needed in order to increase the wealth of a nation. It is respect for property rights, clear laws that can be understood - and are properly enforced, freedom to trade, and entrepreneurship. Willingness and ability to take risks.

So, since China is so successful, they must have those things, at least to a sufficient degree.

Communists allow for none of it. That’s why they always go broke.