Where the Russians used price control on labor. But central investment and planning of transformation is optimum velocity if catching up. Private capital is superior for returns on capital and limiting corruption. Russians created black markets in everything. Chinese haven’t.
Source date (UTC): 2019-12-17 16:54:17 UTC
Original post: https://twitter.com/i/web/status/1206980950971895809
Reply addressees: @ChristaylorBrwn @dallas101346 @PeterSchiff @realDonaldTrump
Replying to: https://twitter.com/i/web/status/1206980145472581633
IN REPLY TO:
Unknown author
@ChristaylorBrwn @dallas101346 @PeterSchiff @realDonaldTrump I think you need to read something that isn’t propaganda. They converted a very primitive backward people (1/3 of which still live in villages today using outhouses) into urbanization and industrialization.The chinese haven’t failed using the same strategy, because they use debt.
Original post: https://x.com/i/web/status/1206980145472581633
IN REPLY TO:
@curtdoolittle
@ChristaylorBrwn @dallas101346 @PeterSchiff @realDonaldTrump I think you need to read something that isn’t propaganda. They converted a very primitive backward people (1/3 of which still live in villages today using outhouses) into urbanization and industrialization.The chinese haven’t failed using the same strategy, because they use debt.
Original post: https://x.com/i/web/status/1206980145472581633
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