"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.
Saturday, November 6, 2010
Progress Q & A
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