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How China Escaped Shock Therapy w/ Isabella Weber

The Dig

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China, in the 19 Eighties, Was Still an Incredibly Poor Country

In 19 80, the chilipepe capital of china was less than that of sudan or haiti. So we are really talking outright poverty. In 90 nineties, russia went through a transition recession deeper and more prolonged than the great recession in the united states. That came along with a mortality crisis that was so severe that nothing like it had been seen in peace time in any industrialized country previous to that.

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