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How China’s Economic Freedom Deficit Distorts Markets Beyond Its Borders

How China’s Economic Freedom Deficit Distorts Markets Beyond Its Borders

Anthony Kim writes in The Washington Examiner on how China’s economic freedom deficit distorts markets beyond its borders.

The C3 Take
  • China is rejecting economic freedom and doubling down a centralized, command and control economy.
  • The embrace of a state-centered economic system will have consequences for not only the people of China and their economy but the environment as well.
  • Economic freedom incentivizes innovation which produces the technologies that are needed to reduce emissions.
  • If China were really serious about its climate ambitions, it would embrace expanding economic freedom.

“Pursuing and maintaining high rates of economic growth is not, of course, the primary goal of any communist dictatorship. The real objective is always the party’s retention of full control of the country’s people, usually by any means necessary. The party does seem to understand that spurring continued economic growth is a key factor in maintaining popular support.”

Read the full article here.

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