NancyLebovitz comments on (One reason) why capitalism is much maligned - Less Wrong

1 Post author: multifoliaterose 19 July 2010 03:48AM

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Comment author: NancyLebovitz 20 July 2010 08:01:58AM 0 points [-]

Any theories about when the amount of capital will start catching up?

Comment author: CronoDAS 20 July 2010 05:29:53PM 0 points [-]

From the article:

Even considering the high savings rate in the new entrants -- the World Bank estimates that China has a savings rate of 40% of GDP -- it will take 30 or so years for the world to re-attain the capital/labor ratio among the countries that had previously made up the global economy.

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