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Old 12-13-2011, 06:04 PM
Florian Florian is offline
 
Join Date: Mar 2009
Posts: 2,118
Default Re: Modern capitalist China?

Quote:
Originally Posted by Don Zeko View Post
Let's see. Here are estimates for 2011 GDP per capita of France, the UK, and Germany:

France: $34,858
Germany: $37,428
UK: $35,645

These numbers aren't all that different, if you ask me. They certainly don't imply dramatically different living standards in France than in its somewhat more wealthy neighbors. If this is what France has gotten from centuries of destructive protectionism, it suggests to me that either you're overstating the scope of the historical policy differences between these countries or you're overstating the destructive effects of protectionism.

GDP is a fetish anyway, an inadequate measure of welfare and well-being. Comparisons between countries are especially problematic. See Joseph Stiglitz:

http://www.project-syndicate.org/com...itz116/English
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