This is a good point.
Claims that financialization have supercharged the Western economy fail to explain why the Mercantilist policies of China have been so much more successful on so many levels.
Claims that financialization have supercharged the Western economy fail to explain why the Mercantilist policies of China have been so much more successful on so many levels.
Reposted from
Dr Greg Maguire
Thanks to 40yrs of deregulation, privatization, cuts in taxes of the wealthy and R&D, and decreased support of public education, the US is behind China in many areas and becoming what the Thatcher-ized UK has become, a hollowed-out shell of its former self. www.thecrimson.com/article/2024...
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