That does not contradict what Ben Norton reported about the interference in China. Their country was not truly independent at that time as it is today but being politically interfered with by US, Japan, and Europe. Without their social revolution in 1950 China would not have been able to liberate itself from those interferences and develop industrially to the colossal extend they achieved between 1950 and the 1990s. The early part of their development was necessary to set them up sufficiently for the market openings that occurred later during the 2000s which is when we took great notice because as they had advanced their agriculture and moved to the industrial development phase, we could now utilize their labor. Recently they eliminated extreme poverty which other large such as Indonesia and India cannot so whilst taking a popularly vote path with minimal political participation more similar to our own system. I don't see why we are continually attacking China for being incredibly successful. I would have thought we would be praising it and trying to learn from them.
My post was not to focus on comparing USA present relative decline and China's rise but rather just try to report someone of economic signifiant on this Macroeconomic Trends board.
I encourage you to listen to the whole presentation. There are a lot of good details and some ideas may be new. The US/Europe/Japan intervened in China which they eventually overcame was only an initial success and a necessary but not sufficient condition for their success that followed.

Macroeconomic Trends and Risks FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.