Saturday, November 6, 2010

Progress Q & A

"China has also pulled off a breathtaking economic transformation which will soon see it become the mightiest economic power in the world. It will challenge American hegemony as never before in modern times."

Read more: John Humphrys, in the Daily Mail

Question: How did China pull off its breathtaking economic transformation?

Answer: By encouraging markets more and using government less.

Question: How might a country pull off a breathtaking economic decline?

Answer: By doing the exact opposite.

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