
How China Escaped Shock Therapy w/ Isabella Weber
The Dig
00:00
What's at Stake for China in This 19thyes Debate?
Russia underwent dramatic dindustrialization, while china became the proverbial workshop of world capitalism. Where did each country stand economically before their turn towards capitalism? And then how was it that shock therapy came to destroy russia's economy? We have to remember that in the early nineteenth century, china sill accounted for about one third of word il p. It then falls to around and therre different measures and all of that. But it falls to below five %.
Play episode from 10:37
Transcript


