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by ac132
4961 days ago
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There are poorer countries than China that are not growing at their pace. Your claim implies all developing economies should be growing because of the "gap" between them and developed countries. In reality, most developing economies are struggling to find a path to growth. You're perhaps right, people will one day "demand regulation" because that's what happens when countries get so wealthy that politicians can't pander on bigger issues and instead start making big deals out of smaller ones (i.e. we'll protect you from unhealthy restaurants). Not to mention, like all organizations, governments fight to continually grow. Unlike corporations, governments can't go out of business (easily) and have the support of misguided do-gooders. Europe is going through this right now. They developed before the United States and they are declining before us as well due to the excess of government. Finally, to claim economic growth in China is "abusive" is to show total disregard for the poverty of the people living in the country. China is still an incredibly poor country and economic growth is helping move millions out of poverty every year. Would you prefer slower growth and more poverty? |
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