
China's Great Road — Who Directs Development?
China's rise is often interpreted as evidence that markets displaced socialism. John Ross argues that this framing misses the institutional structure beneath China's development.
Welcome to Crisis in Perception, where we examine the systems shaping our world.
Using China's Great Road by John Ross as our lens, this episode investigates how markets, private enterprise, state ownership, strategic investment, and macroeconomic coordination interact within the development model Ross describes.
Ross uses China's long-run economic growth, rising consumption, poverty reduction, life-expectancy…
The skinny
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