China’s impressive modernization since the death of Mao Zedong in 1976 and the end to the destructive madness of the Cultural Revolution has been epitomized by the dramatic growth of the industrial and port city of Shanghai, with its majestic skyline of impressive futuristic skyscrapers. It is forgotten that Shanghai already was a commercial and industrial center before the Second World War, built on the principles of laissez-faire capitalism.
Comment
|
January 7th, 2014
Shanghai's History a Tale of Successful Capitalism
by Richard Ebeling, Jan 6, 2014 China’s impressive modernization […]
Urban scene, The Bund, Pudong, Shanghai, China — Image by © Johannes Mann/Corbis
by Richard Ebeling, Jan 6, 2014
China’s impressive modernization since the death of Mao Zedong in 1976 and the end to the destructive madness of the Cultural Revolution has been epitomized by the dramatic growth of the industrial and port city of Shanghai, with its majestic skyline of impressive futuristic skyscrapers. It is forgotten that Shanghai already was a commercial and industrial center before the Second World War, built on the principles of laissez-faire capitalism.
Continue reading …
The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
Related
Comment
Recessionary Considerations on Central Banks’ Changing Policies
September 29th, 2017
Comment
Argentina, Trump, and Perón
March 27th, 2018
Comment
„The Renaissance of the Austrian School in the 21st Century: How the IT Revolution can promote the Austrians and thus change business, life and politics!“
September 9th, 2013
Comment
“Free” Health Care Is the Wrong Path for Albania
April 23rd, 2019
Comment
Are Markets Myopic?
March 16th, 2015