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by gumby
1382 days ago
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> Trouble is everyone knows it, especially so the Chinese who've essentially enslaved the country economically. I think of it as a chinese mining province. The long period of growth was merely the long period of Chinese growth. And that growth was good for the country, but also terrible: the "dutch disease" of high commodity prices gutted manufacturing and other businesses. And de-incentivised governments to really think about what the nation needed, as middle class homeowners continued to see their net worth rise, thus "what, me worry?" |
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