
How China Escaped Shock Therapy w/ Isabella Weber
The Dig
00:00
Is There a System Change in the Economy?
The mere announcement of general price liberalization causeda tan an economic crisis in west germany. Was that was the very sort of political instability that chinese officials wanted to avoid in china? Did some shack therapy proponents, in fact, want to create instability that would bring down communist aw in ch China? I have seen some internal em conversations between certain economists and certain word bank officials that suggest that the logic of one needing a political system change before one could have a serious economic system reform is still alive today.
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