RE: china's economic impact

From: Ramez Naam (mez@apexnano.com)
Date: Wed Jan 22 2003 - 23:10:41 MST


From: Mike Lorrey [mailto:mlorrey@yahoo.com]
> Actually, zero sum economics could be either mercantilism or
> socialism. China's socialists, being ardent zero-sum
> economists, sincerely believe that it takes our loss for
> their gain to exist and that any gain of ours is their loss.
> This is why they take it as a given they will have a major
> conflict with us within a few decades.

I see no evidence for this proposition. Having traveled in China I
found it to have a remarkably strong vein of capitalist thought. It's
acknowledged there that worker productivity (economic activity per
capita) in privately owned firms is many times higher than in state
owned enterprises. A major focus of the current government is
spinning off the state owned enterprises into private entities.

China may have been socialist once, but it's rapidly moving away from
that. It does remain totalitarian though.

cheers,
mez



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