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0 pointsatupis6y ago0 comments

Thing is that China is nearing point where it has to let creative destruction happen to grow more and it is very hard to achieve under current model.

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4 comments · 3 top-level

philipov6y ago· 1 in thread

Citation please

atupisOP6y ago

https://www.nytimes.com/2012/04/01/opinion/sunday/friedman-w... and particulary last chapter of Why Nations Fail.

mr_overalls6y ago

When "creative destruction" is used as a euphemism for change, it encourages us to forget that "destructive destruction" is always a potential outcome.

See: the Great Leap Forward

intopieces6y ago

Could you elaborate more on what this means? What is creative destruction? Why is it necessary for China’s growth, and why is now the point for it?

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