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What the U.S. Can Learn from China by Ann Lee

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5 Special Economic Zones

Don’t be too timid and squeamish about your actions. All life is an experiment. The more experiments you make the better. —RALPH WALDO EMERSON

MAO’S SUCCESSOR DENG XIAO PING famously said, “It does not matter if the cat is black or white as long as it catches mice,” signaling that he no longer demanded that the country adhere to strict ideology, but wanted pragmatism to inform policy. His pragmatic statement was not only revolutionary during his time given the Communist ideological orientation in China back then, but it is even revolutionary today here in the United States as it relates to economic policy.

Fraud Called Economics

For decades, the study of economics in the West has been based on empirical observation of ...

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