What China is doing takes a lot of political guts as well as an extraordinary capability to calculate, govern and manage. - uzairumair, The Wrong Economic QuestionI chuckled out loud when I read this.
Bob: I'm hungry!
Sally: Me too! Let's go eat someplace.
Bob: What about that Chinese restaurant around the corner?
Sally: Dumpling Dragon Spring Heaven? That place went bankrupt.
Bob: Yeah, but the new owners have an extraordinary capability to calculate, govern and manage! I've heard it's a lot better now.
Sally: Ok, let's check it out!
- Under Mao Zedong's (MZ) management, millions and millions of people starved to death.
- Under Deng Xiaoping's (DX) management, millions and millions of people were lifted out of poverty.
Deng Xiaoping isn't my hero because he was a better manager... he's my hero because he gradually reduced how much the Chinese government managed. China hasn't improved because of good management... it has improved because the detrimental consequences of bad management have been much more limited.
How much any organization or individual manages should be determined by consumers/taxpayers.
See also: Tax Choice Tax Rate
Thanks for the reply but I believe you misunderstood me. I was talking about the transition towards the consumer economy and not Deng Xiaoping's liberalizing of the command economy
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