China's growth model is neither pleasant nor replicable: Common sense from an insider.

[@FreekinEkin2]

When you say that big explosions of growth usually come from tapping into an unemployed population, one of the interesting examples of this is women. Employing women can cause huge economic gains that, once accepted, countries will be very reluctant to reverse, as their living standards will go along with it.

[@caniblmolstr452]

And then?

[@MM22966]

@@caniblmolstr452 Population growth goes down.

[@anneyday3493]

I am super happy you are on this platform and can delve more deeply into these subjects.

[@sowhanQ]

Thank you brother I think your statement about China’s economy miracle is going to be mainstream

[@GetFochD]

@@bradokamura yeah third world countries should just give up and embrace poverty, f off wtf.

[@noizz4]

but it's kinda sad that it isn't mainstream now, it's a bit too late I'd say

[@GetFochD]

@bradokamura Such cancer comments here. Like staying poor isn't more brutal? Maybe learn how our economies make their profits...

[@AKK5I]

13:53 "did Karl Marx tell you that in a dream?" 😂

[@leogir1518]

I love the opener, great video honestly.

[@hadasshakti]

I could listen to you for hours 😅 thank you so much for what you do.

[@张Q-q8e]

not on tiktok and haven't seen you on weibo for ages,glad to find you on my timeline again

[@richardcook2320]

Thank you for what you do

[@RictorScale]

Love these, keep em up

[@heyheyalaska]

I am the comment asking for a deeper dive into Chinese politics, if you suggest/consider a topic - I want to hear it.

[@rokoi3]

My high school comparative govt education, I only remember tie fan wan and Deng Xiaoping modernizing the economy. Thank you for the additional info

[@petersilva037]

You're hilarious, and earnest and convincing. Thanks for this.

[@jackzimmer8931]

I think this is a great form. I often listen to your TikTok’s and videos while driving and or working. I think you would do well just migrating your existing content to podcast platforms like a Spotify. Even if it’s your same episode format just audio only or less edited longer form rambling episodes. I think people would be able to connect and contribute more time to listening to your content and podcast platforms can be financially rewarding as well. I also think they need more voices like yours in their space.

[@levyludeke2945]

This is great wisdom.

[@jayl3254]

I don’t think attributing China’s miracle growth to just two factors, availability of labor and overseas capital, is accurate. From what I’ve read, economists have attributed the growth to several factors, including joining the WTO, opening the stock market, farm privatization, and increased expansion of private businesses.

[@emiliopenayo4738]

wow, totally not a biased opinion

[@noizz4]

those factors are not nearly as fundamental as labor and capital, just like the fundamentals of rocket science is energy and mass, other things are important, but not fundamental.

[@GetFochD]

@@jayl3254 hahahahahahahahahahaahahahah What the fuck happened to my country of Spain then 😂😂😂😂

[@jayl3254]

@@noizz4 I do agree China’s growth is also attributed to labor and capital. But just because a rocket has energy and mass, it doesn’t necessarily mean it can fly. Having just labor and capital doesn’t necessarily mean an economy can grow.

[@grc2003]

“You need the factions.” Yes! This is why two parties is infinitely superior to one.

[@imhellag]

I think this channel is gonna make it on youtube

[@somenamewhatever]

This was a great explainer. I think your videos about China are some of your best work. Videos on other authoritarian countries that experienced "miracles", like Lee Kuan Yew's Singapore, would be great.

[@DrHueyLi]

@@somenamewhatever Thanks! In the middle of this old video, I talked a little about Singapore. www.tiktok.com/t/ZP8NwsfFp/

[@bensonhonig4848]

I always enjoy your IR wisdom. Thanks!

[@Fitzwewels]

I'm really interested in what those factions used to be! Were they basically just like parties within the party? Was there a progressive one-- conservative? Did they have a green party? XD Keep up the great work! I love every second of every video

[@DrHueyLi]

@@Fitzwewels The factions were not explicit. No power holder would even admit they had any disagreement. And the factions were mostly centered on powerful individuals, not ideology.

[@Whatshisname346]

I wonder why the factionalism worked in China but not in Russia? Maybe it was because the stagnation had become cultural in Russia whereas China still had a lot of (labour) resources to tap into.

[@richardalcorn2576]

I am very interested in Chinese politics and history, so thank you for what you do. I don't speak or read any mandarin so finding credible English language sources is hard. You earned yourself a subscriber and looking forward to hear more about chinese politics and history!

[@GetFochD]

@@richardalcorn2576 press X to doubt this channel

[@ChaoMung-t9u]

Amazing Channel, pleae continue your Political Videos about China?

[@wind0spirit]

Enjoy the video, fyi when you hit your desk the lower frequencies are picked up by tbe microphone. If you want to keep using your hands to talk unrestricted you can use a high pass filter with a low filter cutoff.

[@plumtart]

❤❤❤❤❤ TY

[@finneganoconnor5923]

Interesting video, really appreciated the fundamental treatment of the causes China's "growth miracle". I have been thinking a good deal recently about the historical contingency of the China Model ( of economic development). Reading people like Huang Yasheng and Xu Chenggang it's pretty apparent that 改革开放（reform and opening）was a bottom up rather than top down movement. The rapid decollectization of agriculture started in Anhui and Sichuan when Wan Li and Zhao Ziyang were the respective provincally party secretaries but you can hardly credit them for it since all they did was not crack down on it. I think it would also be interesting to make a video on the geo-political contingency of China's roaring 90's, it's hard to imagine a better time for a new economy to break out into the world stage. China was also very lucky to be dealing with the Bush Senior and Clinton during this period (Bush snr notably damped the US's response to Tiananmen and Clinton's internationalism paved the way for China's WTO entry). All told I think the ascendancy of global neoliberalism is a crucial part of China's growth. All this leaves the question, if we see both reform and opening up as historically contigent and largely determined by forces outside the CCP, are we wrong to give the government any credit for its sucess? I'd push back against such a view. Perhaps somewhat controversially, my personal view is that from the 1980s to the 2010s China actually had a pretty good run of leaders. The premiers (which is in reality the most important position in the chinese system on a day to day basis) of this era (excluding Li Peng): Zhao Ziyang, Zhu Rongji and Wen Jiabao were all quite competent administrators and were to some extent responsible for ensuring the sucess of various reforms and sustaining growth for so long. But these are just my personal (rather underinformed) beliefs. I'd be interested to hear your view.

[@DrHueyLi]

All great points. Regarding the last part, I largely agree. I don't think dictators are any less competent than elected leaders. Their problems are ill incentives, the lack of honest information, and excessive risk-taking. Those premiers you mentioned may have done OK regarding measurable parameters, but their achievement was accompanied by excessive brutality such as forced sterilization, extra-judicial imprisonment, mass executions, forced relocations, etc. I wouldn't recommend such a government model for the sake of GDP. But that's a more subjective question.

[@sapemeg570]

However in Europe all the universal infrastructure privatization failed and brought no benefits to the economy. Things like that are utilities water power telecoms are going slowly back to being government owned. Look at private water companies in the uk look at the gas and electricity in Germany etc

[@SamAlderDesign]

Points well taken. I think there is a widespread lack of historical awareness. I only became aware of the Famine due to the "Great Leap Forward" this year. I had no idea there had been travel restrictions before watching this video. We can't make good decisions without accurate and well presented information, and unfortunately the current and oncoming political situations are making it harder than ever to create and share high quality information. Thanks for sharing your insights and point of view.

[@meijiishin5650]

Huey, just so you know...I appreciate the pun in your channel name.

[@eliasron6941]

What's the pun?

[@yojimbo3681]

You didn't mention how local and regional governments have been given more power and freedom to shape the economy. Not everything is centralized in China.

[@proximacentaur1654]

13:26 The interest in state ownership is understandable. The privatisation of many critical services in the UK have directly led to their tangible degradation. Regardless, investors still get their returns and CEO's get their massive pay-outs. Tax payers bear increase costs for worse services or explicitly subsidize government intervention. It may not necessarily follow that state ownership is the solution, but you can understand why people are looking to it as a desperate search for an alternative.

[@DrHueyLi]

I don't dispute these. Just saying nationalization isn't the magic pill. It depends on which sectors and how accountable the government is. And some problems simply don't have short-term solutions. Eg. The US is stuck with Conservative over-representation because of the outdated and rigid constitution. Recognizing the constraints is good because it saves people's time for more solvable problems.

[@anthonynelson6671]

What are your thoughts on the mindset in the USA, my country, of so many institutions always bending the knee to profit and as much economic growth they can squeeze out of something?

[@DrHueyLi]

That sounds like a standard human mindset, regardless of country.

[@mrporky594]

I love how unfiltered and satirical you are. The chinese version of have i got news for you with an american young punk attitude.

[@ChenShaham]

I love your content! just wondering aren't you supposed to censor the f word on yt?

[@SnoopGotTheScoop]

feel free to educate us on China's 20th century history if ya feel Huey

[@NIN0ID]

Do you think if greater taxes were placed on mass automated labour and that money was redistributed via, say, UBI, it could replicate some of the economic boom brought by a large human labour force increase?

[@DrHueyLi]

I suppose it'd be a good idea, but hard to say because there's no existing cases. Also you'd need to be careful not overdoing it to the extent of driving innovations to other countries.

[@uuidaeiouyw]

what do you think about economics in US? Have you followed Michael Hudson or Chris Cutrone?

[@huutinle6611]

Thank you the algorithm for bringing me here. Your opinions are about china are absolutely spot on. Can you make more videos explaining where this one-man rules situation will take china to? Thanks you sir ❤🎉

[@bigglesharrumpher4139]

I never admired China's growth model...........but one day I hope to!

[@RobAllen-di4we]

Talk about The End of history and Fukuyama please.

[@Pumbarumba]

Please make more videos of china's economic growth and compare it with india. What exactly went wrong in India's economic growth model.

[@myrhhcaiah8687]

Here, I got you some engagement for Christmas.

[@jasminjennings8620]

You're allowed to say whatever you like on any topic you like. Look forward to more content from this channel. 😂

[@imdunder]

Please make that video about the internal dynamics of china's one party system 🙏🏿

[@MikeRyzhikov]

@Huey Li and the news Do you have an opinion on the affinity of countries with Marxist history towards strongman leaders? Specifically Russia and China.

[@Dataism]

Interesting

[@d3thkn1ghtmcgee74]

Healthcare shouldnt be privatized. Saving a life shouldn't be profit driven business

[@Whatshisname346]

Yes morally it’s very much questionable but realistically one cannot have an entirely state run healthcare or system because of Labour mobility. For example a country like the UK may spend billions training chemists and pharmacists to develop drugs for the hypothetical state drug companies but as soon as they realise how much extra cash they can make abroad, they’ll jump ship. This is why state healthcare systems tend to have to pay a premium for specialist staff unless they lack labour mobility (like Cuba). It’s the same as any other business with limited staffing resources.

[@ggir9979]

@@Whatshisname346 The UK is a special case. Most western nations have a mix of private healthcare practitioners and public establishments, very often coupled with private health insurance providers. The ACA but then done well. You will see very little doctors from say The Netherlands, Switzerland or France working abroad. While these countries have what americans would call "universal" healthcare coverage. In my opinion the main issue with the US is a cost/supply issue. Healthcare services are insanely expensive. Drugs, hospitalizations, ambulances, etc ... everything costs so much so more than in any other developped nation. No insurance scheme, even backed up by the government, can ever cover these adequatly. Tackling the issue only through the universal healthcare insurance lense will not help. What would help is a regulation on the supply side. Control the prices of drugs, get the costs down. Because in the end, between Medicare, Medicaid and the ACA, when properly funded. the US is really not far off most other western nations in term of coverage.

[@pottati7489]

I'd like to hear why the one party system in china had such high leader turnover

[@michaelrenper796]

In which way? It doesn't. From 49 till 75 Mao was in control. Then Deng XiaoPing till 90s. Deng tried to institutionalize a system of limited terms, to prevent a bad ruler breaking things. This was respected till XI Jinping made himself leader for live. Nothing out of the ordinary here. Xi Jinping is breaking the system by going outright totalitarian.

[@michaelrenper796]

PS: He explained it.

[@yeeeeeha]

The results of a failed education either in china or USA. 😂

[@drinkycrowwhat]

Did the Chinese people, prior to the revolution, have the ability or opportunity to look for work, etc?

[@DrHueyLi]

The civil war never stopped since the fall of the monarchy (1911). Hard to picture exactly what it was like.

[@drinkycrowwhat]

@@DrHueyLi Thanks for your reply, I need to read more about the state of things prior to the revolution.

[@grancapitan700]

Great video,is good to see different points of view, but as for the nationalisation of industries, I know China nationalised industries but it as well "influences" in its main industries without nationalisation (using actions and chairmen in the directions of businesses just like blackrock does). However, China's GDP is around 30-40% public and 60-70% private and aound 90% of enterprises are private. Therefore, it is more like an interventionist state rather than a full socialist, and I think that is good because for example in Spain (my country) after Franco's dictatoship (in which businesses were created through state investment), the "democracy" privatised all the industry, this led to germans, french... businesses to take over soanish market (specifically after our entrance in the EU). Now Spain is condemned to be a touristic country full of services and without any industry (thats why we have high unemployment rate), making us just a small power in decadence.

[@MegaKnodel]

Comment for the algorithm

[@Mike-Bell]

A one man dictator in a scared echo chamber will always screw up! It’s science 😅 Love your science…

[@scaratlas3347]

Jesus this is depressing about your section about the economy. Subscribed

[@azmodanpc]

China's demographic dividend aided by the One Child Policy cannot be imitated.

[@johnfthiel]

Is explosive growth possible with ambitious immigration?

[@abdulrahmanali7936]

State department argument points...

[@sernik_z_rodzynkami]

America does not need to copy Chinese system. Best things that happened to China occurred after China copied some parts of American system.

[@qingzhou9983]

This guy claimed to be an expert on comparing different countries. But he clearly does not have a comprehensive understanding of the Asian Miracle. While PRC's achievement of is the biggest, it is clearly part of the similar pattern of rise like Japan, South Korea, Taiwan (Hong Kong and Singapore are cities, so very unlike China). The Key Points, PRC's unique residential policy he was talking about China's rise are important, but they did not exist in other Asian Miracles Rises. So they are no decisive or necessary conditions. But the abundant well-disciplined workforce, stable and well-organized government, export-driven policies and opening of West Market are the Real Key Drivers in this Asian Miracle. Vietnam and India are on the same pass with many shortcomings comparing to the early ones, especially the closing of the globalization.

[@nyc863]

japan and the other tigers can also be explained by the same mechanism. fast recovery from near zero, whether from war or pre capitalist systems.

[@FlameQwert]

except all of the asian tigers can be explained by the exact same mechanism- underemployed labour pool bumping into influx of capital during a time of springing back. For Japan and SK, both came out of catastrophic wars while opening up capital influx- Japan rapidly urbanised, and that springback was enhanced by the fact that all its economic heartland was firebombed, and SK's springback is even more critically due to under-employed labour force after spending a century as an agricultural backwater (compared to the advanced western economy it would catch up to). For Taiwan, the influx of capital occurred around 1960 with the one-party's economic reform (though FDI isn't really the main thing- more of land reform), and likewise things like savings cooperatives and japanese firms unlocked the spending and labour potential of the large rural population

[@meteorknight999]

Great reasoning but you are wrong on china in recent years losing labour force and FDI They lost labour force in 90s by 1 child stuff and the FDI was always going after US govt took them on danger radar

[@some_random_wallaby]

comment for algo 💙

[@benlas5817]

You taught at UC Davis?

[@DrHueyLi]

Only briefly, during and right after my PhD.

[@GetFochD]

@@DrHueyLi That's where you got scouted?

[@warriordx5520]

@@GetFochD Pentagon 2B propaganda money has to be used somewhere right?

[@Xind0898]

This guy speaks like Jian Yang

[@Icanu]

Love your videos.. i would like a video with the rise of Xi and posiblle ways in witch he will fall .. congrats

[@magnetospin]

What an ignorant explanation. If that actually the reason then you have to explain why India did not have China's growth. Or indeed, why every poor country around the world did not have China's growth.

[@DrHueyLi]

I'm confused. Did India have any of the factors I mentioned in the video? And do you mind providing an alternative explanation?

[@magnetospin]

@@DrHueyLi There is no single explanation for the growth China experienced. It is true that part of the reason is China stared from a very low start point(caused by the reason you mentioned), but between the mid-1970s and early 1990s, China already had phenomenal growth. During this time the HuKou limitation was still in place This two decades of growth is never talked about by anyone. India did not have China's HuKou policy but that's far from being the only, or even main reason why China had growth and India did not. The growth people generally talk about is from the 1990s onward when foreign investment in the country started exploding. This is one of the biggest reason for China's growth in the 90s and 00s. If you want to explain China's growth your reasons need to be applicable to all countries, not just China. HuKou may be a factor, but HuKou reform is definitely not the reason for China's growth. After the HuKou reform, China is just at the same starting place as India, you need to explain what happens after that.

[@DrHueyLi]

@@magnetospin If you expect me to exhaust ALL explanatory variables, I concur it's beyond my (or anyone's) ability. I focus on the artificial release of the labor force because it was a NECESSARY CONDITION w/o which the model wouldn't work. And no one can copy that model w/o an already confined labor force. I never made any claim about SUFFICIENT CONDITIONS. If anyone can decipher sufficient conditions for fast growth, they should go get a Nobel prize instead of making videos on KZbin.

[@magnetospin]

@@DrHueyLi As I said, the HoKou reform just put China at the same starting line as India. It does not explain the growth afterward. If you want to claim to explain China's growth, you need to explain how it differs from India and all other poor countries that did not have the same growth. I will also point out that China is not the only country with such growth, it's just the biggest one. The Four Tigers of Asia, as well as Korea and Japan, also had similar growth, they are just smaller and at different time periods.

[@Chase-yf7lu]

​@@magnetospin I'll be honest I'm not sure if he's being intellectually dishonest due to current populist views being spoonfed to the working class globally or he's just willfully ignorant but I doubt he'll offer any realistic answers beyond what he's given. I wonder if he believes that China would be better off doing what the Soviet Union did in the 90's that being liquidating the socialist structure of the nation so that a handful of vulture opportunists can sell it off and create a Oligarchy. The reason India won't be able to grow in the way China has largely comes down to the hierarchical nature of India which be witnessed in certain forms such as casteism but also has to do with the fact that China invests in it's people while India simply just lets them scramble over each other just to live. It's no secret that the Chinese treat their own people better than the Indians.

[@emiliopenayo4738]

This seemed like a very dishonest take. How do you explain the stagnation of a former "rich" country colony? That is the case with India, a country sunk in misery. You will likely refer to authoritarianism because you are a liberal, but this does not explain how many other dictatoriships were unable to pull of remotely similar rates of development in other countries with similar starting point.

[@fannyalbi9040]

Poor thing. Just another ideology righteous crap

[@johnmaris1582]

China growth model is defined entirely on its economic policy of reform and opening up. Not its labor supply or political structure. So long as underdeveloped country embrace Deng policy of free trade, free zone, market price, private property, education and healthcare investment, they can have high growth rate.

[@esiquielflores3]

Do you think that people that follow you think Chinese people are rice farmers 0:40, don't think maga viewers leave their echo chambers.

[@DrHueyLi]

@@esiquielflores3 It was actually sourced from a friendly joke my son's non-Asian buddy said to him.

[@darek795]

What's this Chinese "supressed labor force" ? I think that Japanese are also supresessed or disciplined . You try to desribe Chinese workers as different but isn't it the culture which is similar in China and Japan or also in South Korea ? It has probably nothing to do with politics.

[@DrHueyLi]

I suppose you only watched the highlights. I was talking about the physical confinement of rural residents during the 60s and 70s.

[@GetFochD]

Thanks CIA for the recommendation!

[@DrHueyLi]

Me? Do you think I'm on the deep state side of the CIA or the MAGA side of the CIA? Either way, you're obligated to subscribe now. The Agency hates being ignored.

[@willschmidt7794]

Actual Chinese person: thoughtful, well-reasoned take on China's economic history Party lapdog (likely western): CIA CIA CIA 🤡

[@sernik_z_rodzynkami]

No I think he was referring to CIA having its fingers in YT mgmt behind the scenes. And I'd say the accusation can be true. Of course they have between 1-2% of the impact that PLA has on social media in PRC (or tiktok), but as you said - it's not a good idea to try to use China as an example.

[@GetFochD]

@@DrHueyLi You talk like they aren't the same thing. Ran by the same freaks. Not planning to subscribe be happy I comment so I'm helping you already. Why would I subscribe when you don't offer anything new?

[@GetFochD]

@DrHueyLi It's the same cancer and no thanks, I've had my dose of China hate channels already when I was younger and not aware of my racism.