Join IEA Managing Editor Daniel Freeman in conversation with Ian Williams, author of "Vampire State: The Rise and Fall of the Chinese Economy," for an analysis of China's mounting economic challenges.
Fascinating discussion. China has tried to keep up with the western Jones’s and can’t quite match us. Top lead corrupt dictators will never do as well. They can’t resist dipping their snouts in the trough.there is a finite amount of money. Money has to revolve year in year out to sustain any economy. And any economy has to have money and spending. As they get richer, the poor automatically get poorer and money becomes scarce as a result of hoarding of wealth away from the economic pot. There is free money. Money which is forMY in exchange freely. Then there is debts which need full repayment and interest. Then you have the worst of all. Investment! Which is debt plus interest and future profit share. And of course direct taxation that takes money without exchange. Money should be a fair exchange. And China have unfair exchange it no exchange at all! When an economy is autonomous and perpetual money revolves easily, freely and in sufficient weight snd time. Any other economy is never going anywhere, like ours! We need money moving via spending. Isn’t touched on it but it’s vital. Reintroduce exchange controls and swap all money for s new digital money that has to be spent within a month. And then you have a perfect economic model. Spend it or lose it yo the exchequer! It can’t fail to supply money! No growth but a tsunami of spending. Higher wages, profits and pensions. Lower taxes and more money than ever seen before!
Fascinating discussion. China has tried to keep up with the western Jones’s and can’t quite match us. Top lead corrupt dictators will never do as well. They can’t resist dipping their snouts in the trough.there is a finite amount of money. Money has to revolve year in year out to sustain any economy. And any economy has to have money and spending. As they get richer, the poor automatically get poorer and money becomes scarce as a result of hoarding of wealth away from the economic pot. There is free money. Money which is forMY in exchange freely. Then there is debts which need full repayment and interest. Then you have the worst of all. Investment! Which is debt plus interest and future profit share. And of course direct taxation that takes money without exchange. Money should be a fair exchange. And China have unfair exchange it no exchange at all! When an economy is autonomous and perpetual money revolves easily, freely and in sufficient weight snd time. Any other economy is never going anywhere, like ours! We need money moving via spending. Isn’t touched on it but it’s vital. Reintroduce exchange controls and swap all money for s new digital money that has to be spent within a month. And then you have a perfect economic model. Spend it or lose it yo the exchequer! It can’t fail to supply money! No growth but a tsunami of spending. Higher wages, profits and pensions. Lower taxes and more money than ever seen before!