Need a lesson in history, economics
Updated: 2014-02-19 07:05
Comment on "A move to liberate the market" (China Daily, Feb 10)
This is one of the silliest statements to come out from people brainwashed by neoliberalism and now entrenched in Chinese institutions. It was the "undervaluation" of resources by countries with highly developed "market economies" that has caused the rapid depletion of resources and thus motivated them to rob and pillage the rest of the non-European world.
And it was the inevitable overproduction of goods that led to the protectionism that caused the Great Depression, to be temporarily "solved" by World War II. Overproduction is inherent to capitalism or the so-called "market economy".
One must know history before commenting on economic systems, or be exposed as a blithering idiot to those not impressed by the propaganda campaigns of compradors "brainwashed" by their "foreign tutors".
LawrenceD, from China Daily forum
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(China Daily 02/19/2014 page9)