Noah Smith on the Future of the Chinese Economy and the Climate of Social Change in the US
Macro Musings with David Beckworth
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Economic Liberalization of the 80s, the Social Liberalizing Trend of the 70s
After the Tiananmen Square unrest, China cracked down hard for two or three years. After that, dung was like, look, okay, so we're not going to liberalize the liberalizing trend of the 80s. He's like, "Pipe down, chill out and accept unchallenged Communist Party rule" This program is not dissimilar in nature to what Japanese leaders made in 1965,. Shinzo Abe's grandfather, Kishi Nobusuke, basically said, 'We're going to double incomes by this much'
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