rogerluli Posted December 3, 2008 Report Share Posted December 3, 2008 This Chinese Yale finance prof has go it nailed IMHO...Read the last paragraph and then go back and read the whole article... http://www.theglobeandmail.com/servlet/sto...specialComment/ Link to comment
IllinoisDave Posted December 3, 2008 Report Share Posted December 3, 2008 It's all about national priorities. Link to comment
rogerluli Posted December 3, 2008 Author Report Share Posted December 3, 2008 I know that leaders must get all excited about the BIG INFRASTRUCTURE thingies... But the approach advocated here makes such perfect sense...The government wants to keep the economy going...They want to change China from an export only economy and build an internal one...Chinese people save and don't spend because there is no safety net for them... Provide them with the kind of security the government CAN afford and they'll be out buying stuff with both fists...It's win win win... Link to comment
SheLikesME? Posted December 4, 2008 Report Share Posted December 4, 2008 Private ownership is good. Health care is good. Infrastructure building is better than out right welfare. Bu then I am Link to comment
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