Well, obviously China doesn’t want to become usa2.0 - looking at the social cost that the USA is suffering from its rampant capitalism, you can’t blame China for wanting a sharp adjustment back to their roots. I am very interested to see what will happen next in China
To Asia Society Kevin Rudd, when Deng said let some people get rich first, obviously this is only part of a statement, there is a second statement that he didn't say, that is" so that others can get rich also!
It seems to me China is still working out how to reap the benefits of free trade without the corporate takeover of govt as we see in the west, particularly in the USA where the arms and oil industries own the govt. The USA's constant war-mongering is massively profitable for the few and disastrous for the many.
Thanks for Kevin Rudd's evidence based observation and analysis. One point may not being noticed enough is the intend of the government to address the increasing frustration among mass population in China towards the huge gaps brought on by the minority of rich enterprises involving and serving mainly the foreign capitals while ripping off Chinese ordinary people.
Kevin Rudd's knowledge on China is unmatched. I wish he is still the Prime Minister of Australia. If that is the case the relationship between Australia and China would have been maintained for mutual economic benefits.
What great insight on a man that knows China. I always thought Mr Rudd was too pro-ccp but I think this is a clear honest analysis of their new direction
No need to read too much into it. It’s just a policy to curb monopoly and wealth inequality. Not sure why it’s so hard to understand. You nip a problem in the bud, not when it’s already become a monster. It also shows that in China the government has control over the businesses, not the other way around in US, and it’s a very good thing
Kevin Rudd’s presentation is well structured and backed by painstaking research and economic insights. Hugely respectful to RU-vid listeners who have to spend hours to get a single hour of quality listening. Thanks
Mr. Rudd delivered a clear, unpassionate, sharp analysis of the CCP 's priorities. Chinese policy is nothing more than pragmatic, realistic reorientation due to internal factors and external ones. The main factors sum up by Mr. Rudd being : 1. Ideology (internal) 2. Democraphy (internal) 3. Decoupling (external).
Kevin told some basic things about China's economy, nothing new from a Chinese point of view. But I guess he already surpassed 99.999% of Westerners in terms of knowledge about China. Good job Kevin.
China tries to strike a balance between state control and market force. Both forces have their advantages and disadvantages. How to maximize their advantages while minimizing its disadvantages is a delicate issue. NO one knows the answer. A lot of time you use the trial-error method. You analyze and synthesize.
I was living in china from 1999-2014. In 2004-6 i started to hear about party leader Xi from friends in the party and business life, and he was referred to as 'the danger for China and a return to Mao times'. So though it seems he responds on current events, in fact his whole career is built on these changes.
Kevin Rudd is certainly immersed in China and has the approach of a university Professor on the total study of China. The problem of understanding China economy is that of any economy, a very difficult subject; however, the problem of understanding China political position is simple one of character analyses. Friend or Foe, simple question with a simple answer when determining a strategic decision. With a friend you have the luxury of negotiation , but with an enemy you have only parabellum.
correct! The problem, of course, is that just as the United States, Germany and other nations grew into industrial powers in the 19th and 20th century by government-sponsored infrastructure, progressive taxation, and anti-monopoly legislation, the post-1980 rejection of these policies has led them into economic stagnation for the 99 Percent burdened by debt deflation and rising rentier overhead paid to the Finance, Insurance and Real Estate (FIRE) sectors. China is thriving by following precisely the policies by which the former leading industrial nations grew rich before suffering from the neoliberal financialization disease.
nice you allow comments. No comments = instant dislike, no sub, and closed tab. No matter how good the video could potentially be. that goes for 99.9% of videos I watch on youtube. So kudos for allowing comments. Don't stop. Allow expression!
China’s gig economy? Last I checked the workers of 996 have all the necessary benefits outlined by our labor laws. They work long hours, that’s all it the phrase means. Not exactly the same as the American gig economy which doesn’t have any benefits, do they?
In my opinion, this talk was useful but slightly misses the mark. I suggest that Chinese emphasis was always control not capitalism. The CCP are not "left", they are feudalists. Xi Jinping pillaged his nation to build an army to threaten the US and that left the average Chinese person in serfdom. They are now "lying flat" (Long live lying flat!) and the feudal overlords are furious. Therefore the overlords conclude that increasing control is the solution. The CCP blames their billionaires (that are nothing more than feudal barons) for the problem while ignoring the billions stolen by the "communist" party. Rule of law as a concept is totally ignored as the barons fight for power amongst each other. Meanwhile the CCP is concerned that the US will take advantage of their current weakness and so are resorting to isolationism. As a result China is committing all the same old errors, albeit in new and interesting ways, that led to the Century of Humiliation.
