Our mission
The AEC’s fundamental goal is to promote a free, responsible and prosperous society. Through education and improving public understanding of key economic questions, the AEC promotes the idea of a free market economy and the ideal of a free society.
Contact information
Austrian Economics Center
Grünangergasse 1/15-1
A-1010 Vienna
Phone: +43 1 505 13 49 32
Web: austriancenter.com
© Copyright , Austrian Economics Center
Imprint | Contact
Privacy Policy
Comment
|
January 7th, 2014
Shanghai's History a Tale of Successful Capitalism
by Richard Ebeling, Jan 6, 2014 China’s impressive modernization […]
Urban scene, The Bund, Pudong, Shanghai, China — Image by © Johannes Mann/Corbis
by Richard Ebeling, Jan 6, 2014
China’s impressive modernization since the death of Mao Zedong in 1976 and the end to the destructive madness of the Cultural Revolution has been epitomized by the dramatic growth of the industrial and port city of Shanghai, with its majestic skyline of impressive futuristic skyscrapers. It is forgotten that Shanghai already was a commercial and industrial center before the Second World War, built on the principles of laissez-faire capitalism.
Continue reading …
Author
View all posts
The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
Do you like the article?
We are glad you do! Please consider donating if you want to read more articles like this one.
Related
Comment
Dancing with Lemmings: The Migration of Crowded Trades
June 10th, 2015
Comment
Scandinavia Is No Socialist Valhalla
July 13th, 2017
Comment
Russia’s Friends in Hungary
September 8th, 2014
Comment
The Minimum Wage Is Speeding the Robot “Apocalypse”
January 23rd, 2018
Comment
Trading with “The Other”
March 23rd, 2015