Silver is used as a measure of value for valuable goods over long distant trade, or bolt good. The state ley taxby silver, meaning that people live to pay tax in silver,. Even if ther income is is copper coin. And definitely, andad, you are asking why china didn't have a primitive accumulation with this kind of civarized devemark economy? Iste actually isit is very common. Let's say that it is te e normal situation across the world," he says.
Part one of a two-part interview with sociologist Ho-fung Hung on Chinese political economic history from the 18th century to 2008: why capitalism took off in England and then elsewhere but not in China; and then, how Maoist policy laid the groundwork for China’s ultimate capitalist takeoff and boom. Episode two will focus on the 2008 financial crisis, the deepening imbalances and heightened geopolitical conflict that resulted, and the current situation—including the impact of the crises surrounding Russia’s invasion.
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