The Real News Network has shared the episode Economic Update: China’s Economic Record and Strategy.
This week on Economic Update, Professor Wolff follows up with part two of his in-depth analyses of the USSR and anti-capitalist governments by providing (1) an overview of China’s economic development mostly over the last 25 years (GDP, real wages, etc.), and (2) its economic strategy: learning but also differing from Soviet strategy along with some relevant, and interesting, historical context.
I have been anxiously waiting for this episode. It was worth waiting for. It is not so much that this episode proves anything one way or another. It is valuable because it gives you something to think about. What he gives you to think about is something that neither side of the political debate in this country seems to understand.