China's "development" is transitory and unstable, because it is based on exploitation and corruption, for the sake of quick and massive profits for a relatively small elite of people within and connected to the Communist Party, most of whom now seem to be very concerned about how to save and invest as much of their capital outside Communist China.

On the other hand, "conventional development economics" (long-term slavery to the IMF) is about equally corrupt, though probably more stable over a longer period of time, with less of a boom-and-bust mentality.

The most sensible modern strategies for strengthening a nation while at the same time improving the material living standards of most of the Volk can be found in the examples set by late Romanov Russia; Bismarck's Germany; Fascist Italy; National Socialist Germany; Franco's Spain; Post-War Germany (except for the error of not forcing so-called "guest-workers" to leave), Italy, France and Benelux; Scandinavian socialism until the mass-imputation of undesirable foreigners began; and Pre- and Post-War Japan.

+ + +

Hiroyuki Kawashima: "China's rural failures and the middle-income trap," Nikkei Asian Review, 2014.09.13


Economic development in Asian countries since around 1980 has been remarkable. China's performance has been particularly noteworthy. Beijing began on the path to economic reform in 1978, but back then, due in part to the effects of the Cultural Revolution, its course had little impact on the global economy, despite the nation's enormous population. Three decades later, China is on a par with the U.S. by many measures.

Chinese development flies in the face of conventional development economics. By common understanding, economies develop using aid from industrialized nations, advancing their farming know-how, adopting democracy, purging official corruption and respecting human rights. None of these processes have taken place in China.

Adding to the mystery from a conventional viewpoint, China's most remarkable period of growth occurred after the 1989 Tiananmen Square incident. Naturally, it was difficult for China to get aid from other countries after the bloodshed. Development occurred forcibly under the dictatorship of the Communist Party, which adopted policies to encourage raw industrialization, disrespected farming villages and paid little attention to human rights. Corruption spread from the central to regional governments.

Why could China develop so rapidly? The answer is simple: forcible promotion of industrialization.


Post a comment

Private comment




Search form
Latest Journals
Latest comments
Monthly archive
Friend Request Form

Want to be friends with this user.