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232 - China Syndrome 11.18.22

Grill Stream

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Is China Really the Cause of Global Inequality?

The fourth chapter is it takes the question of did China really, is China really the reason that we, that there has been any progress on global inequality? The central state starts setting up these state owned enterprises in the regions. And then local bureaucratic elite take them over and they get incredibly sweet deals on loans from the state bank. This is a slow motion version of what happened to the 30s in Russia.

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