BEIJING—China's government vowed Friday that it will not deviate from its socialist path, defending anew its authoritarian system and saying Western capitalist political systems are not suitable for China.It's interesting how an ideology frames the viewpoint of how resources are used, who gets the resources, and what is made from the resources. Before embracing the socialist model of governing, one should consider the Solow Growth Model. Is it possible that China is just beginning to converge with other developed countries?
Friday, March 09, 2012
AP article on China's form of government.