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by CryptoPunk
3194 days ago
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China's economy was rapidly privatised, starting with the privatisation of collective farms and legalisation of entrepreneurship in 1978: https://www.bloomberg.com/news/articles/2005-08-21/online-ex... Much of the economic growth happened in special economic zones that were free of much of the state economic control present in the rest of China. Also, tight control can be consistent with market freedom when it is targeted at controlling violent crime, kidnapping and extortion. This is one area where China has outperformed other developing countries. |
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