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The End of the China Boom? It’s all down to Epigenetics
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The last few weeks have seen the dramatic collapse of the Chinese stock market, following on from a period when Chinese growth has slowed. This in itself a marked change from previous decades, when massive demand from a fast-growing China pushed up raw material prices and boosted wealth all over the world. What does the future hold for China, and the other economies that have become so dependent on it? Will rapid growth return, or will it slow to normal levels? Or might the Chinese economy stagnate, as has happened to other areas such as southern Europe and Japan?
According to a new social theory known as “biohistory,” the meltdown of the Chinese stock market could be a sign of much worse to come. Biohistory is based on the idea that national wealth is primarily determined by the temperament of ordinary people, and that this temperament has biological roots. When people are hard-working, innovative and productive, the economy booms. When they come to focus more on lifestyle and self-indulgence, economies stagnate and even … click HERE to continue reading
