The Capitalism and Freedom in the Twenty-First Century Podcast cover image

Long-run Economic and Political Trends, Schools of Economic Thought, and Economics Education

The Capitalism and Freedom in the Twenty-First Century Podcast

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The Importance of Rule of Law in Growth

In some places, rule of law is overrated. China has had an incredible growth record. They have a system of corruption. I wouldn't call it efficient. But you basically get bribes by getting things built. And they've done well enough with that. In the long run, it's super dangerous. The stateism is already coming back to haunt them.

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