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China's New Five-Year Plan Exposes the Wishful Thinking behind Socialist Regimes

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Tags HealthMedia and CulturePhilosophy and Methodology

12/01/2020Mark A. DeWeaver

The trouble with China’s new five-year plan is that it attempts to solve problems while leaving their underlying structural causes unaddressed. In this it is not unlike the final Soviet five-year plans of the 1980s.

Original Article: "China's New Five-Year Plan Exposes the Wishful Thinking behind Socialist Regimes".

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Contact Mark A. DeWeaver

Check out www.markdeweaver.com for more commentary by this author. Mark A. DeWeaver, PhD, CFA, is a cofounder of the fund management company Ithaca Advisors, LLC, and the author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World's Emerging Economic Giant

 

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