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Chinese Economic demise..Wishful US Thinking?, page-205

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happydayz

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18/01/25

06:46

Post #: 77457065
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Originally posted by Infose: ↑

"A general view. "The progressive degradation, disorganization of a system. Decay is generally due to a non-compensated negative feedback, which progressively dampens the resilience of the system, i.e. its capacity to adaptively fluctuate within a not too narrow band of values or situations. It also can result of the depletion of critical elements in the system. Decay is somehow associated with ageing in living systems and also with clogging by excessive accumulation of some types of elements or residues, which poisons the system. It can be related to the progressive loss of redundancy, and saturation of information channels in social systems."A particular view.
According to some it is the west that has entered in a phase of rapid decay because, you guess it right, "an excessively large state", too much regulation and government intervention at the service of, you guess it right again "a corrupt andmonopolistic elite"

The Solution for global prosperity.

" Global, economic upliftment, she insists, need not come at the expense of domestic prosperity. We can have both—but not without a sound and stable U.S. currency. And history is very clear on this point. When the U.S. dollar is backed by gold, America prospers, and so does the rest of the world. In this book, Shelton casts a powerful vision that is as revolutionary as it is time-tested...a vision that shows how the future American dollar can perform as good as gold..."
The Great Degeneration: How Institutions Decay and Economies Die: The Independent Review: The Independent Institute Good as Gold: How to Unleash the Power of Sound Money

Bearing in mind the reasons advanced by Ferguson for the decay how come that China has been doing so well?

Note: the independent org is a Libertarian thinktank apparently receiving substantial funds from Microsoft.

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