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231 - The China Bust 11.11.22

Grill Stream

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Industrialization of China

China was in the process of restructuring its economy there was the asian tigers that merged all of whom were the beneficiaries of cold war u.s largesse and support while they created sort of protected local industries. If capital just shows up with a fire hose and you are an undeveloped country they will prevent you from developing because it will always be more profitable for them to just extract your cheap raw commodities. The state says oh you shouldn't be here so that's this big pool of educated civilized uh rural labor new concentrations of capital the special enterprise zones on the coast boom.

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