
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


