RupertofOZ wrote:
By your argument SV.... China could not have, or ever acheive economic success.... because of the restrictive nature of it's "governance"....
Basically yes, I find it hard to believe you don't know what I mean Rupe.
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But it has... despite it.... which would either suggest... that the "restrictions" weren't as severe as you might think...
My whole point is that because the restrictions have been lifted to a great degree, China was able to change so much.
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OR.... because the system, as regulated as it might be... not only allowed it... but planned and fostered it....
By allowing new companies to form and trade with the rest of the world. Motivations are irrelevant really, what matters is what occurs.
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The Chinese economy didn't just arrive delivered by storks... like babies are...
Thanks for the tip mate
Mr Wiki wrote:
Economic reforms taking advantage of market principles began in 1978 and were carried out in two stages. The first stage, in the late 1970s and early 1980s, involved the decollectivization of agriculture, the opening up of the country to foreign investment, and permission for entrepreneurs to start up businesses. However, most industry remained state-owned. The second stage of reform, in the late 1980s and 1990s, involved the privatization and contracting out of much state-owned industry and the lifting of price controls, protectionist policies, and regulations, although state monopolies in sectors such as banking and petroleum remained. The private sector grew remarkably, accounting for as much as 70 percent of China GDP by 2005, a figure larger in comparison to many Western nations. From 1978 to 2010, unprecedented growth occurred, with the economy increasing by 9.5% a year. China's economy became the second largest after the United States.
Without the economic reforms, it is clear this growth would not have happened.
Backyard Aquaponics
