I vote TGD for Mod of Economics Board

Bobby. wrote Yesterday at 5:16pm:


Wrong.

1. You claimed China's ability to out-compete other nations in, eg, EVs, PVs and metals refining, rendering Oz unable to compete in global markets, is due to "illegal Chinese pricing". 

I pointed you to prof Keen's analysis of the WTO's delusional "comparative advantage" dogma, which explains why the WTO "freetrade rules"  have failed to engender prosperous development in ALL nations, and Trump's rejection of the international rules-based system. 

You are apparently too lazy to read and then offer your critique of Keen's brilliant expose' of the Neoclassical 'comparative advantage' delusion (post #1412).

2. As you already know, I'm highly critical of the CCP's management of China's economy, in the present era of Trump's pushback (he wants to maintain US global hegemony) against China because of dysfunctional WTO rules.

Fact is both China and India (and all developing nations) need to attain 'developed nation' per capita incomes, in a just global trading system which also avoids the rust belt phenomenom in developed nations.   [Prof. Keen has also addressed this issue in a previous post.] That's means India and China will be the largest economies in the world by far.

3. Indeed I'm interested in the theory of government - specifically, one-party meritocracy compared with  adversarial-party democracy, given the political instability caused by cost-of-living pressures on low and middle income groups, in most democracies around the world.

Does all this make me a "CCP shill"?