Realist, not conformist analysis of the latest financial, business and political news

Chinese Peasants Who Made History

Dr. Madsen Pirie of the Adam Smith Institute writes how peasants in china changed the course of their countries development.

It began with a piece of parchment secretly signed by trembling hands in the flickering light of 40 years ago, but it has reverberated around the world. Those 18 brave souls who defied authority to try a new way of doing things were the pioneers of a revolution that has transformed the prospects for humankind. We salute them today.

Read Dr. Madsen Pirie’s full article here. Madsen often contributes to The Continental Telegraph, visit his column here.

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Spike
Spike
5 years ago
Spike
Spike
5 years ago

PS — Regarding today’s column on the Xiaogang of 18, someone annually reminds people that the first colonists to America also abandoned their charter principle of everyone in a village growing crops for the collective good, and assigned parcels of land to individual families. The result was comparably explosive growth of production that some claim was the impetus for the celebration called Thanksgiving.

Philip Scott Thomas
Philip Scott Thomas
5 years ago

Sorta the same thing happened in Plymouth Colony in the C17. It was property rights that saved the American colony. I love this story, not least because William Bradford was an ancestor. Being pro-free markets may be hereditary. LOL

Spike
Spike
5 years ago

It is sorta the same thing, because this is the thing I meant.

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