They stopped the one child policy nine years ago; they had it in the first place because demographic projections had them severely overpopulated if they didn't.
During the period in which it was active, their GDP increased by a factor of about 62. Not percentage, multiple.
Entrenched and connected types tend to exit industries before the gavel hits, and enforcement from the CCDI isn't impartial, with plenty of bribery to remain off their radar.
Truly Schumpterian creative destruction is good in a vacuum, but reality isn't a vacuum.
daedrdev|1 year ago
ben_w|1 year ago
During the period in which it was active, their GDP increased by a factor of about 62. Not percentage, multiple.
alephnerd|1 year ago
Entrenched and connected types tend to exit industries before the gavel hits, and enforcement from the CCDI isn't impartial, with plenty of bribery to remain off their radar.
Truly Schumpterian creative destruction is good in a vacuum, but reality isn't a vacuum.