Why did poverty decrease so much over the past 200 years, and especially over the past 30 years? Let’s look at one key example; then we’ll zoom out to the broader research.
An astonishingly high percentage of millennials do not know who communist leaders like Mao Zedong and Vladimir Lenin were.
Mao Zedong, glorified creator of the PRC slaughterhouse, is considered responsible for the death of over 70 million fellow Chinese citizens during his reign. The carnage was for various reasons: state-enforced relocation, implementation of various socialist schemes, mass pogroms against citizens possessing counter-revolutionary tendencies and, sadly, the worst famine in human history.
A preoccupation with jobs over productivity is not sound economics as Professor Mihail Nica explains.
On this date, June 5th, 1989. Approximately a decade following the Tiananmen Square massacre I had the pleasure of being invited to dinner by a gentleman who claimed to know a great Chinese restaurant. Over appetizers he popped the question of what it would take for me to accept China. My academic advisor at that […]