I think the last chapter of the book actually did make reference to the issue of China's changing demographics, but even a few years ago, the projections were not nearly as severe. I feel like there should be a class (or at least a class period) dedicated to making the transition from the authoritarian command-based growth which China has used since Mao, to the free market. I will guess that the reason we do not have such a class, however, is that we do not actually know how to do it yet. It is likely that China will continue to create quasi-public enterprises for most research and development, but I have my worries about their long term viability, especially considering how many of them are already losing money.
I think the last chapter of the book actually did make reference to the issue of China's changing demographics, but even a few years ago, the projections were not nearly as severe. I feel like there should be a class (or at least a class period) dedicated to making the transition from the authoritarian command-based growth which China has used since Mao, to the free market. I will guess that the reason we do not have such a class, however, is that we do not actually know how to do it yet. It is likely that China will continue to create quasi-public enterprises for most research and development, but I have my worries about their long term viability, especially considering how many of them are already losing money.
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