Monday , December 23 2024
Home / Mike Norman Economics / Socialism in China – How GOVERNMENT and INFRASTRUCTURE ALLEVIATE POVERTY (NO HAND OUTS)

Socialism in China – How GOVERNMENT and INFRASTRUCTURE ALLEVIATE POVERTY (NO HAND OUTS)

Summary:
This guy is Colombian and is a serial entrepreneur who has often enjoyed dangerous sports earning money from them. So, he's not someone you might expect to be a typical CCP supporter.Anyway, one freedom that China has which much of the world hasn't, is freedom from fear. People are relaxed and friendly in China.So, is living in dormitories provided by companies in China is really that bad? Well, if you think so then try living as a poor person in the US.Socialism in China - How GOVERNMENT and INFRASTRUCTURE ALLEVIATE POVERTY (NO HAND OUTS) [embedded content]

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Andreas Cervenka och den svenska bostadsbubblan

Mike Norman writes Trade deficit

Merijn T. Knibbe writes Christmas thoughts about counting the dead in zones of armed conflict.

Lars Pålsson Syll writes Debunking the balanced budget superstition

This guy is Colombian and is a serial entrepreneur who has often enjoyed dangerous sports earning money from them. So, he's not someone you might expect to be a typical CCP supporter.

Anyway, one freedom that China has which much of the world hasn't, is freedom from fear. People are relaxed and friendly in China.

So, is living in dormitories provided by companies in China is really that bad? Well, if you think so then try living as a poor person in the US.

Socialism in China - How GOVERNMENT and INFRASTRUCTURE ALLEVIATE POVERTY (NO HAND OUTS)


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *