Statism and China’s Economic Decline

Statism and China’s Economic Decline

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...
Statism and China’s Economic Decline

More Failure for China’s Industrial Policy

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...
The Harmful Consequences of China’s Leftward Shift

The Harmful Consequences of China’s Leftward Shift

Back in 2019, I divided China’s recent economic history into three periods. Mao’s utter and total failureDeng’s partial liberalizationXi’s backsliding to statism The net result of these three periods is that China did enjoy some growth thanks...