If you want to support us, you can do so here: https://saweria.co/ruangmakroreal
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In 1978, China was still poorer than Indonesia—its average income was only a third of ours. Today, the order is completely reversed: China is the world's second-largest economy, and its products are in every shop. How is that possible in a single human lifetime?
This video traces China's story from the famine of the Great Leap Forward and the Cultural Revolution, through Deng Xiaoping's reforms, the Shenzhen special economic zone, and China's entry into the WTO. We debunk the myth of 'large population, low wages, authoritarian government,' considering meritocracy and its dark side, the property crisis, an aging population, and the tech war with America. Finally, we draw it all back to Indonesia: Sulawesi nickel, high-speed trains, and the wave of cheap imports that are stifling our industry. Watch until the end to see the true price behind China's economic miracle—and who is paying for it.
— Chapter —
0:00 Opening
1:07 The Dark Zero
3:13 Deng's Cat
4:24 Four Steps of Reform
10:08 The Machine and Its Cracks
13:16 Meritocracy and Its Holes
20:59 Five-Year Wounds
26:23 The Price for Indonesia
31:18 Footage Sources
— Sources:
• Ezra Vogel — 'Deng Xiaoping and the Transformation of China,' a biography of the architect of China's economic reforms
• Yuen Yuen Ang — 'How China Escaped the Poverty Trap,' about directed adjustments in China's development
• Ronald Coase & Ning Wang — 'How China Became Capitalist,' about reforms that grew from below
• Daniel A. Bell — 'The China Model,' about political meritocracy as an alternative to democracy
• Elizabeth Economy — 'The Third Revolution,' about tightening state control in the Xi Jinping era
• Bill Hayton — 'The 'Invention of China', about how modern Chinese identity and history were constructed
• Thomas Orlik — 'China: The Bubble That Never Pops', about China's debt management and financial risk
• Joe Studwell — 'How Asia Works', about the development recipes of Japan, South Korea, and China
#CHINA
If you want to support us, you can do so here: https://saweria.co/ruangmakroreal
----------------------------------------------------------------------------------------------------------------
In 1978, China was still poorer than Indonesia—its average income was only a third of ours. Today, the order is completely reversed: China is the world's second-largest economy, and its products are in every shop. How is that possible in a single human lifetime?
This video traces China's story from the famine of the Great Leap Forward and the Cultural Revolution, through Deng Xiaoping's reforms, the Shenzhen special economic zone, and China's entry into the WTO. We debunk the myth of 'large population, low wages, authoritarian government,' considering meritocracy and its dark side, the property crisis, an aging population, and the tech war with America. Finally, we draw it all back to Indonesia: Sulawesi nickel, high-speed trains, and the wave of cheap imports that are stifling our industry. Watch until the end to see the true price behind China's economic miracle—and who is paying for it.
— Chapter —
0:00 Opening
1:07 The Dark Zero
3:13 Deng's Cat
4:24 Four Steps of Reform
10:08 The Machine and Its Cracks
13:16 Meritocracy and Its Holes
20:59 Five-Year Wounds
26:23 The Price for Indonesia
31:18 Footage Sources
— Sources:
• Ezra Vogel — 'Deng Xiaoping and the Transformation of China,' a biography of the architect of China's economic reforms
• Yuen Yuen Ang — 'How China Escaped the Poverty Trap,' about directed adjustments in China's development
• Ronald Coase & Ning Wang — 'How China Became Capitalist,' about reforms that grew from below
• Daniel A. Bell — 'The China Model,' about political meritocracy as an alternative to democracy
• Elizabeth Economy — 'The Third Revolution,' about tightening state control in the Xi Jinping era
• Bill Hayton — 'The 'Invention of China', about how modern Chinese identity and history were constructed
• Thomas Orlik — 'China: The Bubble That Never Pops', about China's debt management and financial risk
• Joe Studwell — 'How Asia Works', about the development recipes of Japan, South Korea, and China
#CHINA