4min chapter

From the New World cover image

Noah Smith: We Can Build Again

From the New World

CHAPTER

The Power of Too Much State Capacity

Until the 2000s Europe was this rich comfortable. place that was really nice to live right and you know China was this up and coming sort of poor to middle income place that had to grow really fast. And now what you're seeing is that that China has hit the the middle income growing pains. But with just no goal with just no no kind of direction just a sheer exercise of political economy manifesting into this like anti human ideology. I do think that is actually what happened to China. Where I was like Europe. The thing with like the million is that it's it's too high trust it like does these national projects because it can it's like it's like the capacity curse right

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