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How Badly Is China’s Great Firewall Hurting the Country’s Economy?
"Beijing’s strict control over the internet doesn’t come cheap. The Chinese government created its censorship regime, bulwarked by the “Great Firewall,” to keep pernicious political ideas out of the country. To the extent that discussions of color revolutions, the Tiananmen massacre, and domestic political intrigue are almost universally blocked, its overseers might consider it a success. But the economic ramifications of policing the internet are as important as the political ones.

It’s not just that, by some accounts, Beijing employs some 2 million people to police the imperfectly socialist thoughts of the public. The regulatory and policy whims of Beijing create constant dilemmas for Chinese business: Nobody knows where the line is or when they might cross it. China’s ability to innovate in the digital age is thus held hostage to a government that’s paranoid about the possibilities of change." - Christopher Balding, Foreign Policy
otf  china  asia  gfw  censorship  access  business  economics 
yesterday by dmcdev
Neoliberalism: Oversold? -- Finance & Development, June 2016
Milton Friedman in 1982 hailed Chile as an “economic miracle.” Nearly a decade earlier, Chile had turned to policies that have since been widely emulated across the globe. The neoliberal agenda—a label used more by critics than by the architects of the policies—rests on two main planks. The first is increased competition—achieved through deregulation and the opening up of domestic markets, including financial markets, to foreign competition. The second is a smaller role for the state, achieved through privatization and limits on the ability of governments to run fiscal deficits and accumulate debt.­
development  economics  finance  neoliberalism 
yesterday by since1968
Understanding money and prices by Alasdair Macleod
This article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets throughout history, will retain or increase its purchasing power measured in the goods it buys over the coming years.
(me: archived, too: https://web.archive.org/web/20170720092908/http://www.24hgold.com/english/news-gold-silver-understanding-money-and-prices.aspx?contributor=Alasdair+Macleod&article=11123729208H11690&redirect=False)
finances  2017  article  english  economics  money 
yesterday by ezequiel
The Immigration Effect
"There’s a Way for President Trump to Boost the Economy by Four Percent, But He Probably Won’t Like It."
immigration  economics  2017  lenagroeger  growth  gdp  policy 
yesterday by robertogreco

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