That’s a very different mode than I had been thinking in, but I agree with everything you just wrote.
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But you’re telling half the story. China state funded it’s “markets” as it were…
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alice Amsden argues that in her book on the rise of eastern economies… and she argues that the west actually constantly intervened on behalf of their economies constantly and that was the root of the “great divergence” in the first place (not anything peculiar to the west):
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