Russia Misses out on Joys of Capitalism; China Doesn't
Markowitz, Jack, Tribune-Review/Pittsburgh Tribune-Review
Let us leave this scene of trillion-dollar deficits and out-of- whack public policy ... and go halfway around the world to view a couple of economic lessons at a distance, clearly:
How and why, for example, China's economy is doing so much better than Russia's.
Americans and Europeans buy untold billions worth of goods "Made in China" and almost nothing "Made in Russia." Yet they had the same chance. Both are former centrally planned Communist states, and the Chinese aren't even "former" yet. The party remains in charge even as economic progress runs circles around its dogmas.
The difference is this. The Chinese have -- and the Russians haven't -- created …
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Publication information:
Article title: Russia Misses out on Joys of Capitalism; China Doesn't.
Contributors: Markowitz, Jack - Author.
Newspaper title: Tribune-Review/Pittsburgh Tribune-Review.
Publication date: March 21, 2010.
Page number: Not available.
© 2009 Tribune-Review/Pittsburgh Tribune-Review.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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