Modern Chinese Political Economy Is State Capitalism

[Joe Leote]

Why Isn't China Collapsing:

Why Isn't China Collapsing?

The REAL Reason the US Is Betting on Tariffs:

The REAL Reason the US Is Betting on Tariffs

Joe

[William Meyer]

'No country becomes great by consuming, it becomes great by producing.'

Sort of.  Although this clashes with Hudson's idea of tribute economics in which having others produce for you is the whole idea.  Think of the Aztecs, they didnt grow much of their own food but farmed that out to the surrounding olmec peoples.  If they didnt give their corn, they'd become sacrifices.  

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[Joe Leote]

There is a concept called economic sector theory which originally divides economic production into three sectors: primary (resource extraction); secondary (producing finished goods); and tertiary (services). The theory has been extended further but I have not read any scholarly literature on the subject. Academic Agent has a talk about Elite Theory where the organized rulers govern over the disorganized ruled:

https://youtu.be/oADHdNwrp3c

The elite tend to be in the tertiary services sector when there is a stable political-economic system operating for their benefit.

Joe

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