Common issue of theses on PRC economy
I am in no position to assess any economist thesis. However, there are certain universally unbreakable rules one of which is the foundational assumption must be valid. That is where I have issues with many PRC-related economic theses. If someone predicts anything related to the PRC, I would like to know first the basis no matter how prominent he is. If he says it is based on the gov's planned GDP growth rate and its promise to promote private businesses, I would run away from him immediately and fast. I just do not know how in principle anyone can predict with confidence and specificity how the PRC will move under a mafia. I grew up among CCP bureaucrats and still keep in touch with people inside and outside the system in the PRC. I am fairly sure about the direction of the middle school dropout - broad regression, but I dare not predict the specific turns and timing. I had no clue the MSD would wipe out the education service overnight even though I knew private education was on b...