"China faces the distinct prospect of following the path of countries such as Russia, South Africa and Brazil that have struggled to achieve the status of a high-income nation…"
None of whom have 44% savings rates. To fail to achieve high income status Chana needs only have a ROI <22.5/44. Xi may just do it!
Rana Foroohar: The new rules for business in a post-neoliberal world: ‘Laissez-faire economics in the US is slowly being replaced by a more intensive policy focus from start to finish…
Ye, Henry Clay won the debate even if he lost the Presidency.
"since Alaric sacked Rome: the neoliberalist fantasy-religion of supply-side economics…"
At least Alaric left. :) Tax Cuts for the Rich and Deficit Acts keep reappearing, zombie like: Reagan, Dubya, Trump. Supply side economics was a good idea; we should have given it a try.
"China faces the distinct prospect of following the path of countries such as Russia, South Africa and Brazil that have struggled to achieve the status of a high-income nation…"
None of whom have 44% savings rates. To fail to achieve high income status Chana needs only have a ROI <22.5/44. Xi may just do it!
Rana Foroohar: The new rules for business in a post-neoliberal world: ‘Laissez-faire economics in the US is slowly being replaced by a more intensive policy focus from start to finish…
Ye, Henry Clay won the debate even if he lost the Presidency.
"since Alaric sacked Rome: the neoliberalist fantasy-religion of supply-side economics…"
At least Alaric left. :) Tax Cuts for the Rich and Deficit Acts keep reappearing, zombie like: Reagan, Dubya, Trump. Supply side economics was a good idea; we should have given it a try.