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How can China be socialist if it has a stock market Understanding the Chinese economy
China describes its system as a "socialist market economy". How does that work? What is the role of its stock exchanges? Ben Norton explains Socialism with Chinese Characteristics. (00:01) China is very misunderstood now one of the main reasons fo...China describes its system as a "socialist market economy". How does that work? What is the role of its stock exchanges? Ben Norton explains Socialism with Chinese Characteristics. (00:01) China is very misunderstood now one of the main reasons fo... -
Economic Update: Debris From A Declining Empire
(00:01) Welcome, friends, to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives and those of our children. I'm your host, Richard Wolff. I want to begin, as I often do, by reminding you that we have ...(00:01) Welcome, friends, to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives and those of our children. I'm your host, Richard Wolff. I want to begin, as I often do, by reminding you that we have ... -
Chinas Economic Crisis: Real Estate Bubble and Financial Instability
A discussion about the current state and potential issues in China's economy, focusing particularly on its real estate and financial sectors. The conversation, led by Michael Hudson and Richard D. Wolff, highlights that local governments in China ...A discussion about the current state and potential issues in China's economy, focusing particularly on its real estate and financial sectors. The conversation, led by Michael Hudson and Richard D. Wolff, highlights that local governments in China ...
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