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by redahs
2859 days ago
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They could clear up rents rising faster than savings and consumption by copying Taiwan and implementing a land value tax as Sun Yat Sen and Henry George originally recommended. However Xi has consolidated power, begun promoting Marx more heavily, and claims Marxism is still totally correct for the future of China, so they probably won't. With a greater push for Marxism, if the economy begins to slow we should expect greater nationalization of Chinese industry. Hopefully investors realize that Taiwan is the more sustainable political-economic system in light of current conditions. |
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