The Dig cover image

How China Escaped Shock Therapy w/ Isabella Weber

The Dig

00:00

The Importance of the Urban Industrial Economy

In china's still very, very poor agricultural economy, that surplus was basically coming from the peasantry or from the communities. So this meant that the communes were constantly producing more grain and other agricultural imports for the urban industrial economy than they were getting back in return ur output of the urban industrialEconomy. This is a basic problem in develop economics. It's also a problem that goes back to the new economic policy and the debates around tex in kind and all of that. But it was in the soviet in thesoviet union, in the mais development model, which then after the disasters of the great leap and the atrocious, disastrous, there were some adjustments

Play episode from 51:04
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app