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Listened to Sinica podcast with Tooze who is totally agog over China, even learning Chinese currently at HSK-2
Tooze seems totally incurious about the great puzzle: why have other countries not grown like China, what exactly has China done that other countries cannot imitate?
Instead it’s word salads about the ‘material dethroning of the west’ and the green transition…
( that’s a rhetorical question, if you post your own answer you’re blocked :-)
Instead he offers word salads about the ‘material dethroning of the west’ and the green transition…
I mean, he’s right that China’s development is a world historical event. Most development economists seem unaffected. Yet here is an historian rhapsodising about 90% of Chinese living in housing built after 1990 but for him the significance of China is the ‘green transition’ ???
( “other countries” obviously do not include East Asia. I will die on the hill that says Chinese development since reform follows the same pattern as other East Asia )
6.12.2024
@M_C_Klein @arpitrage @GlennLuk I don't even bother replying to such people now (so different from my own self merely 10 years ago...) but Fernandez-Villaverde, Ohanian & Yao performs the "how many years did each take to reach X gdp per capita level" analysis for the major East Asian countries
@arpitrage then he immediately sort of went backward by reiterating the standard underconsumption story (as share of GDP)! then he rubbished the overcapacity narrative for reasons I could not understand
@arpitrage “imagine the hair-raising idea of a Chinese-sized city with American characteristics” was a good line :-)
@Theo_Clifford @arpitrage @GlennLuk ( he may be a historian but his phd was economic history [lse] and his previous two degrees were economics )
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