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View Diary: Nobel Prize for Economics = neo-liberal swinefest UPDATED (197 comments)

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  •  It's always easy to industrialize... (0+ / 0-)

    ...when your country is a bunch of rice paddies.

    When you have one factory in the whole country, then the communist government orders you to add a second one, that's 100% economic growth.

    That kind of thing works for awhile, until you saturate and start to have the problems we in industrialized nations know and love: problems distributing goods, corruption, can't figure out what you need to make, import/export problems and foreign creditor issues, etc etc.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Thu Oct 17, 2013 at 05:02:40 PM PDT

    [ Parent ]

    •  that's pretty funny, since the USSR went (1+ / 0-)
      Recommended by:
      Selphinea

      from peasant farming to the space age in less than a generation.

      And China is now the second-largest economy in the world.

      •  Yeah (0+ / 0-)

        Like I said, when you're starting from nothing growth is easy.

        What happened to the USSR eventually? Collapsed due to corruption, economic problems, unwieldy top-heavy command structure, etc.

        China? You want to model our economy after China...?

        (-5.50,-6.67): Left Libertarian
        Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

        by Sparhawk on Thu Oct 17, 2013 at 05:59:18 PM PDT

        [ Parent ]

        •  and still funnier (1+ / 0-)
          Recommended by:
          Selphinea

          Shall we add up how many non-communist countries have collapsed due to corruption, economic problems, unweildy top-heavy command structure etc?  We live in one.

          And you still conveniently neglect to mention that the USSR went from a backwards agrarian country to a world superpower. See, it was their ENDING point that made them a superpower, not their starting point.

          And if economic growth is indeed your holy of holies, then yes, China is the model to beat. They too went from a backwards peasant economy to a world superpower, soon to be the world's largest economy.

          If I really wanted to laugh at you, I'd also mention Taiwan, Singapore, Korea, and Japan---who all went from bombed-out collapse to economic superpower in just a few decades---and did it by government planning and subsidies.

        •  but please, by all means, point to some of these (0+ / 0-)

          wildly successful free-market economies you imagine existing. Show us the libertarian utopia in action.

          Germany? South Africa? Brazil? India? Indonesia?

          (snicker)

      •  Actually, Deng Xiaoping's big initiative (0+ / 0-)

        was to relax government control to allow the growth that China needed.

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