PRC politburo grad grinding ?

• Posted by PaineOctober 26, 2016 at 1:23 pm
  This overwhelmingly is a PRC story

  For years an implicit ” iron rice bowl. ” phobia
  Among leading cadre has blocked full on
  Society wide transfer systems
  Like we see in northern Europe

  Okay per capita ” value added ” is wildly lower
  But what prevents a generous direct payments system
  for pre job youth and post job age ?

  What prevents moves Cuba has made in health care ?

  Import food and feed not iron ore

  Of course construction is stunted by lot bubbles
  But half a billion still live in a material twilight that exceeds
  the necessary

  The politburo with its caution and niggardliness towards the peasantry
  is failing humanity
  Not just stressing global market economies
  
  Of course
  

  The transfer system has to be funded

  But a balance between pay out and tax take
  Is not an immediate concern
  An optimal phase in of higher tax funding can stretch over decades if necessary
  Despite our occidental dogmas on balancing ins and outs
  A socially managed economy has vast inter temporal flexibility
  The only constraints are real not monetary
• Posted by PaineOctober 26, 2016 at 1:30 pm
  Obviously
  The transfer system has to be funded

  But a balance between pay out and tax take
  Is not an immediate concern
  An optimal phase in of higher tax funding can stretch over decades if necessary
  Despite our occidental dogmas on balancing ins and outs
  A socially managed economy has vast inter temporal flexibility
  The only constraints are real not monetary