Moved from Russia to the mixed economy case of China. Interesting info about chinese rural vs urban residency cards. How chinese govt owns more than half of firms but almost nothing in housing. USA, UK, Italy are now in negative public income as in govt debt exceeds total value of govt assets. But Piketty points out how the estimation of "value" is faulty since we talk only in the narrow economic sense comparing goods and services which can be ascribed a price. Life in a society is much more than that. 1980s Reganomics is enlightening about the way Modi govt is moving in India from public to private transfer of assets.
No comments:
Post a Comment