In India, everybody loves comparing the progress of India and China given their rapid economic growth in recent years. Although India is sniveling in its own mystical, religious fantasies, it looks like China is in for a rock bottom pretty soon. John Maudlin in his recent E-letter tells us why. (link)
Its yet another reason why no matter what economics one chooses to implement, one cannot get away with the law of Identity. Man has an identity and his identity demands freedom for rational thought and action. Since this notion is apparently inconceivable in China, they sadly succeed only to fail..and fail at what proportions!
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