The FT has reported this morning that:
China has launched a crackdown on financial blogs and social media, a move that risks exacerbating the difficulty of obtaining reliable data about the world's second-biggest economy.
It added that:
The internet regulator is clamping down on market sceptics and those who voice pessimistic opinions about the Chinese economy.
A sign of times to come?
Most certainly worrying, but also some indication of how important alternative views now are.
How long will it be before other governments seek to support market hype by cracking down on contrary opinion?
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[…] of course, they will want to ban bloggers from saying such […]
You could say that in the West there is a form of self-censorship about markets and economic predictions by mainstream commentators. So bound are they by conventional market economy theory – supply and demand curves, marginal rates, etc and the general brainwashing of politically motivated emphasis on a neoliberalism that any critics of the present setup are branded as marxists, trouble makers, or plain ignorant, so economic discussion is very muted and limited by these parameters.
This is just the thing my many friends in Hong Kong are very afraid about. The Security Secretary has just gone after the Hong Kong Journalists’ Association. Any official attempt to curb the flow of information would be the death of Hong Kong, I fear.
Noted
If our politicians and MSM can simply ignore MMT, why should we not expect the big bad CCP not to manipulate markets and currency for its own, or China’s ends?
At least they can be proud of their achievement in lifting 800m people out of poverty during the last 40 years.
Our leaders have achieved what in the same period?
They don’t need to crack down here your just ignored. If your voice is not heard your ideas do not exist. MSM seem to be coming under a reverse state capture asking the obvious but counter narrative can mean no access to grants (Canada and New Zealand for example).
I mean Richard you have some really good workable ideas, but iI can only just about remember you being on the R4 Today Program and Talk Radio recently. I stand corrected if that is not the case.
M
Today programme was at least 5 years ago
Tempus Fugit 5 Years! :-O
JHB on talk radio I think called you “An extreme economist”.
Since then it’s all standard narrative as if QE never existed and we must prepare to pay it all back. Sigh 🙁
🙂