[MtnClimber]

I wonder how much China’s decline corresponds to the level of communism/corruption exerted by the government.

[PGR88]

The USA is an economy burdened by leftist social engineering, over-regulation, massive debt, crony capitalism and elites strip-mining the middle class because their connections to government.

But in China - its 10 times worse.

[MMAqq]

Thanks for posting. I thinks it’s becoming pretty clear that planned economies can only advance so far, but that democracy and the rule of law are needed to create a first tier economy.