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Fracking, China, Immigration
"Econ 102" with Noah Smith and Erik Torenberg
Beware of Overenthusiasm for Alternatives
Individuals from intellectual circles often idealize alternative models to the dominant paradigm, sometimes overlooking their inherent weaknesses. Historical examples include an exaggerated admiration for Japan's economic model in the late 20th century, the European Union at its peak, and the USSR during its growth phase. Currently, there is a similar trend regarding China's rapid development. While developing nations can achieve impressive growth through conducive political systems that prioritize investment, caution is needed against overenthusiasm for any alternative model.
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