The Wisdom of Experts (Part II)
Comments (1) Sorry I just cant let this go yet. One other problem with Entin’s comments is his equating of high rates of growth with pulling people out of poverty. I am not a big critic of China and believe that their economic development over the last 15 years has been incredible. However, to suggest, even slightly, that the poverty problem in China has been fixed is deplorable. To also suggest that the only remaining problem China has is with too many State Owned Enterprises is to display your ideological card on your sleeve. Is this Milton Friedman’s godson?
One of the crtitical issues (social, economic or whatever) facing China today is the ever-widening gap between rich and poor. Stan Abrams author of the excellent China Hearsay regularly writes about China’s “rebalancing” problem. I wont go over it here because Stan says it much better than I could.
Okay rant over. Now its time to cool down.
