Economic Update: China's Economic Record and Strategy

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Economic Update: China's Economic Record and Strategy
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Democracy At Work
Published on Jul 1, 2019

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[S9 E25] China's Economic Record and Strategy

This week on Economic Update, Professor Wolff follows up with part two of his in-depth analyses of the USSR and anti-capitalist governments by providing (1) an overview of China's economic development mostly over the last 25 years (GDP, real wages, etc.), and (2) its economic strategy: learning but also differing from Soviet strategy along with some relevant, and interesting, historical context.

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883 Comments
 Auggie Giuseppe
Add a public comment...
Patrick van meter
Patrick van meter
1 week ago
Reagan did what he could to eliminate unions and was successful. I was making more per hour in 1980 than people doing the same job today. I have a union pension that workers today will not have. Simple numbers that most people ignore. Trickle down economics will never work.

272


Bryan Zarate
Bryan Zarate
1 week ago
It’s would be amazing if Richard Wolf was part of Bernie’s Cabinet.

155


Paul Charles
Paul Charles
1 week ago
Sobering....Smelling the coffee America?? Waking from your media-induced stupor??

118


Mike Burns
Mike Burns
1 week ago
Education and health of the people are the foundation of a nation. It has been ignored in the US by its government, crumbling, like the rest of its infrastructure. Unlike China, the US focused on market strangling, monopoly capitalism, and war. US invests in schemes to extract wealth, instead of creating wealth.

111


K J
K J
1 week ago (edited)
Thank you Dr. Wolff!  I am learning so much and sharing with my friends as well.  What a privilege to hear your lectures. Thanks again!!

96

Democracy At Work

mijmijrm
mijmijrm
3 days ago
so Chinese Communism = a politically controlled capitalist system
western capitalism = a capital controlled political system
/a simplistic wild guess

46


Nota Bene
Nota Bene
6 days ago
Late-stage capitalism: personal responsibility for the needy, welfare state for the greedy.

75


Anurag Chakraborti
Anurag Chakraborti
1 week ago
Dr. Wolff can you please do one more episode of china with much more detailed analysis of party's role and the poverty elimination plans, five year plans etc. Thanks.

57


oyeahyeah
oyeahyeah
2 days ago
This is the best and most accurate video I've seen on the rise of China. CNN / FOX / MSNBC / BBC are all super biased and fake news when it comes to China coverage. Thanks for sharing your insight.

23


kick S ssh
kick S ssh
1 day ago
Where does its money go?
China: infrastructure and improving the lives of its citizens
The US: weapons and making trouble  to other countries

18


MJTUEN
MJTUEN
2 days ago
Amazing and impartial, as always Prof. Dr. Wolff. Your insights as guest on RT are always profound. Thanks again.

9


Matthew Condie
Matthew Condie
6 days ago
Capitalism is a disaster for anyone that earns a paycheck.

49


Paul Charles
Paul Charles
1 week ago
The Chinese encourage study of Karl Marx

79


Rui LI
Rui LI
6 days ago
As a Chinese who has lived and worked in New York for five years, it is indeed freaking to see something like your program that at least tried to understand and analyze China in a neutral light. Please do another episode!

52


Great Asia
Great Asia
6 days ago (edited)
In China, the communist government and its media tell the Chinese what are their problems and how to solve them.

In the US, the President and US media tell the Americans that their problems are caused by China, Russia and Iran.

Ha ha ha!

53


Kate White
Kate White
1 week ago
Once again thanks to Professor Wolff. 🧐

47

Democracy At Work

cutie200377
cutie200377
2 days ago
This is a very thorough, accurate review of china...very objective.  it is rare for western people to have such objective view of the past and present...Great work!  why don't you see this kind of view be presented on big TV networks?  because all they present is negative views of China.

10


David Woolnough
David Woolnough
6 days ago
You won't see this kind of analysis anywhere else. Thankyou Professor

35


West Winds
West Winds
1 week ago
15-20 years ago, all we heard was the Republicans should run America because Republicans know all about "big business" and who could run a country better than "big business". Well, we've seen how that has worked out. The Center Right has used the US as a Monopoly board for personal enrichment, introduced the the most scurrilous business practices, and they have driven the US straight down below the hard deck. It is CLEARLY time to stop listening to them and get a new economic model.

54


Edward Yang
Edward Yang
1 week ago (edited)
Thank you prof Wolff for the succinct and insightful analysis. China is a complex story and there's too much propaganda from the Western mainstream media.

44

Democracy At Work

EYS BitOfAll Media
EYS BitOfAll Media
6 days ago
The Chinese model was introduced in Africa and has been producing great fruits. The old saying:  'Africa, a continent without hope', no one remembers anymore, given the incredible development that is currently taking place, thanks for China.