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Andrew Craig-Bennett's avatar

I like the ideas put forward by Liu Shijin. I think they are feasible and could be adopted.

What is holding this back? It is not a “political” matter; it is just innate conservatism.

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Cory Buott (Ijiraq)'s avatar

This is an interesting problem and potential solution. In the Chinese Way, frugality is a virtue that has led to the successful ability to eliminate extreme poverty and astonishingly, support 1.4 billion living breathing human beings; and it does it well, considering the challenges faced.

1. Consumption based growth is often seen as a negative. It doesn't boost capacity, but this may not be necessary in this unique case. What is the risk of increased trade deficit/what is the forecasted increased trade deficit?

2. Heavily reliant consumption economies tend to increase equity gaps; and while this path to consumption is somewhat revolutionary and unprecedented, it is counterintuitive to classical economics. Specifically: How will pension distribution occur? Will it be based on annual earnings or will it be a more universal/equitable distribution?

Thank you for your time 🙏

China's measurable success to date can partly be attributable to its ability to achieve dynamic, adaptable policy. This would not be possible without a system where party's were in constant disagreement and opposition. The multiparty cooperative is why this is possible, in my opinion. They cooperate because the path is methodical and the best available approach for the people is always taken. Adjustments are made as and when needed, and this is done as One. That parts important, but it is also what China's adversaries fear (as well as envy). Closing equity gaps, building sustainably, durability, and resilience, these are all things that The Global South can learn from China. Perhaps some day the West will awaken to this too. True, sustainable Communism is still a long way off but perhaps that can change overnight.

One thing is certain, the world needs China right now more than many realize. It just might be... the vanguard of humanity.

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