Understanding the Chinese Model – State Capitalism or Market-Maoism?
Seminar"/>

Understanding the Chinese Model – State Capitalism or Market-Maoism?
Seminar

 

Understanding the Chinese Model – State Capitalism or Market-Maoism?

As China experiments with its unique form of indigenous capitalism, it managed to pull 800 million people out of poverty in a record time while it maintained a strong economy despite the dire predictions of Western pundits. At the same time many of its counterparts in the West are facing very economically challenging times. In this interactive seminar Michael Bucher asks what’s driving China’s success story and what lessons the rest of the world can learn from one of the greatest social experiments of the century.

Instructor: Michael Bucher
Date: Friday November 15
Time : 6:30PM – 8:30PM

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    Thu, June 17, 2021 | 11:00 AM – 12:30 PM EDT


    In this webinar, Pr. Louis Philippe Rochon takes a fresh look at the links between monetary policy, asset bubbles and inequality.

    It is often argued that asset inflation and real estate bubbles are the result of accommodative monetary policy: low interest rates encourages borrowing for speculative purposes.

    Undoubtedly, this has been the case as an increasing part of borrowing is not meant for productive purposes.

    In this webinar, Prof. Rochon will argue that this is a misreading of the facts. Rather than laying the blame at the feet of low interest rates, bubbles may be caused by growing inequality as well as by the excessive deregulation.

    Learn why governments need to re-regulate borrowing and, introduce such policies as financial transaction taxes to prevent asset inflation and specifically real estate bubbles.

    A link to join the online seminar will be provided via email before the start of the webinar.

    Code of Conduct