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Should America Have An Industrial Policy Like China?
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Should America Have An Industrial Policy Like China?
Many politicians and economists say yes. They should think again. Since 2010, when Beijing went back all in for communist central planning, the U.S. S&P 500 stocks are 200% in value. Over that same time period the ShangHai Composite is up about 20%. Hmm. Which model works better? It’s a lesson for Beijing and Washington. Let markets, not politicians do the investing. The post Should America Have An Industrial Policy Like China? appeared first on…
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