On Sun, May 5, 2024 at 02:11 PM, Mark Baugher wrote: > > I'm not sure, Michael, why capitalist China would do any better than > capitalist USA? Millions of people died during the Cultural Revolution and > millions more in the Great Leap Forward. I'm not saying I think you're > wrong. I'm just saying that I don't know why.
My sense is that many Keynesian and post-Keynesian economists admire the post-Maoist model of a tightly regulated mixed economy with its high degree of state ownership in key industries. They can't come out openly and say so, of course, without damage to their reputations but they compare it favourably to the chaos Michael associates with the predominantly privately-owned and loosely regulated Western capitalist economies. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#30238): https://groups.io/g/marxmail/message/30238 Mute This Topic: https://groups.io/mt/105928478/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
