Beijing is working all the angles. But history teaches us how accommodation ends.
Adam Smith recognized that true human flourishing requires more than riches.
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
China’s recently announced five-year plan contains mostly what Xi Jinping has emphasized for some time now.
Beijing is working all the angles. But history teaches us how accommodation ends.
Adam Smith recognized that true human flourishing requires more than riches.
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
China’s recently announced five-year plan contains mostly what Xi Jinping has emphasized for some time now.