Rove: Economic data from China is untrustworthy due to institutionalized deceit
Karl Rove · Political Mastermind: How to Influence Others and Get What You Want - Karl Rove · Jul 9, 2024 · at 44:01
Political strategist Karl Rove and Codie Sanchez discuss whether governments should adopt business-style KPIs, comparing the American bottom-up democratic model to China's centralized system.
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“Do we have really today have any confidence whatsoever in any economic number that comes out of China? No, because they all got into a system of organized, you know, deceit, because if I wanted to remain the governor of whatever province, I had to hit the, those marks and whatever was necessary to hit those marks, which might be building up an enormous amount of debt over real estate, because that was the easiest way To put people to work and grow my economy. So be it. But now the chickens are coming home to roost. And also we find out that there's, you know, it's sort of institutionalized corruption, because you had to hit those markers, because you had to, there was one guy who was going to decide whether you stayed or went. And it wasn't the people of your province, it was the boss.”
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