by Dan Mitchell | Sep 16, 2023 | Big Government, Blogs
Earlier this year, I put together three sentences that summarize the post-1949 economic history of China. Crippling communist failure and suffering under Mao.Partial reform during the “Washington Consensus”...
by Dan Mitchell | Sep 6, 2023 | Big Government, Blogs
Since I’ve been warning for more than a decade about weaknesses in China’s economy, I’m not surprised by the surge in stories about that nation’s grim economic outlook. The problem is statism. To be more specific, China suffers from...
by Dan Mitchell | Aug 26, 2023 | Blogs, Economics
Industrial policy is when politicians use subsidies, mandates, protectionism, and other forms of intervention to provide unearned benefits to a specific companies and/or specific industries. The politicians claim that the free enterprise system somehow...
by Dan Mitchell | Jun 4, 2023 | Blogs, Economics
I was sour about China’s economic prospects more than 10 years ago, and these remarks from earlier this year show that I still think China’s economy is being held back by too much government. The people who think of China was or is an economic superpower do not pay...
by Dan Mitchell | May 4, 2023 | Blogs
It’s baffling and discouraging that some American politicians are pushing for industrial policy when it has a track record of failure. Because of real-world political considerations, such policies inevitably get captured by...
