by Dan Mitchell | Oct 18, 2023 | Blogs
In a capitalist system, poor people are not poor because rich people are rich. Our friends on the left are wrong to view the economy as a fixed pie. The same thing is true when looking at countries. Two years ago, I...
by Dan Mitchell | Oct 4, 2023 | Big Government, Blogs
I am not bullish about China’s economy. Even 10 or more years ago, when many people thought China was going to be the economic superpower of the 21st century, I poured cold water on those predictions. Simply stated, China suffers from too...
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...
