MAO-NOMICS (Abc australia)

15 may 2012

China’s unique mix of communism and capitalism has lifted millions out of poverty and even turned many of them into billionaires—all in the space of three decades. To many, China’s success signals the triumph of western capitalism over communism. But others think it may be the other way around, and that western democracies struggling with mountains of debt have much to learn from China’s ‘peaceful economic revolution.’

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