
China builds global alternative as US-led financial order decays
Geopolitical Economy Report
00:00
The Basic Concepts of China's Economy
The main concept is economic rent, the distinction between earned and unearned income. There has to be a model of international payments how it's obvious that some countries are going to end up with claims on other countries China. So I think you can use economic concepts to discuss some of these things but I don't think there's anything equivalent to neoclassical theory of markets in Chinese case.
Transcript
Play full episode