The Hidden Cost of China’s Statism

The Hidden Cost of China’s Statism

I wrote many years ago that China did not have a “tiger economy.” Indeed, I subsequently pointed out that China’s growth is not impressive when compared to East Asian nations that did enjoy rapid growth. My goal was to convince people that the U.S....
The Hidden Cost of China’s Statism

China’s Far-Too-Little Pension Reform

In the make-believe country of Libertaria, there is no such thing as Social Security or any other type of government-mandated retirement policy. In the real world, however, most nations have created “pay-as-you-go” retirement schemes based on taxing...
The Hidden Cost of China’s Statism

Economic Backsliding by China, Part II

Two years ago, I wrote that China needed to choose between “Statism and Stagnation or Reform and Prosperity.” Sadly, as I noted last month in Part I of this series, it seems that President Xi is opting for the former. Which is unfortunate since...